Premier Lacrosse League targets team sales to individual owners by 2028, Paul Rabil says

According to CNBC, Premier Lacrosse League co-founder Paul Rabil said the league wants to begin selling its teams to individual owners or groups by 2028 “or soon thereafter,” shifting from its current single-entity model in which the league owns the teams. Rabil said he wants the PLL to expand from eight teams to as many as 16 over the next decade, with each franchise owned independently, and noted the league raised $100 million in a Series E funding round earlier this week. Rabil also said the PLL would be open to discussions if a large private equity fund or a strategic buyer such as TKO Group wanted to acquire the league.