Yankee Global Enterprises today announced that it has signed a preliminary agreement to acquire an interest in A1 Padel, the international circuit of padel by Fabrice Pastor.
A translation of the press release is available below.
Yankee Global Enterprises will provide strategic assistance to A1 Padel to develop and advance its tour events, primarily in North America.
Le padel originated 50 years ago and is currently practiced by more than 45 million people worldwide, with courts in more than 57 countries.
"The padel grows rapidly and A1 Padel produces dynamic, high-quality events for players, fans and sponsors, and there is tremendous opportunity for continued expansion,” said Randy Levine, president of the New York Yankees.
“We look forward to serving as a strategic partner in elevating padel and the mark A1 Padel, especially by raising awareness in the United States and beyond.”
A1 Padel was founded in 2020 by Fabrice Pastor, founder and managing director of Monte Carlo International Sports, with the Continental American Padel Federation (CAPF), to develop the padel in America and provide players with the best professional environment, and with the hope of transforming the padel into a possible Olympic sport.
Since its inception, the tour has grown by 30-40%/year.
“As more and more players and fans embrace the padel, we have big plans for the sport and our circuit,” Mr Pastor said.
“There is no better partner in sports than the New York Yankees and Yankee Global Enterprises, and we are thrilled to benefit from their expertise in the development, production and marketing of our content.”
In 2022, the A1 tour Padel traveled to 14 cities, 11 countries and three continents. In 2023, the tour will visit 20 cities, 17 countries and four continents.
Founded in 1903, the New York Yankees are the most successful and popular team in Major League Baseball history, with 27 championships and 40 World Series appearances.
The club plays its home games at Yankee Stadium, which is one of the busiest tourist destinations in New York City.
Thanks to their exploits on the field and their iconic “NY” logo, the Yankees are among the most recognized brands in the world! A great opportunity for A1 Padel !
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preliminary agreement, participation, strategic assistance ???? more flan is it possible? So the Monaco billionaire shared a croissant with the New York billionaire, they talked padel for 5 minutes and here is the result. When a gram of concrete comes out of this breakfast wake us up.
Fabrice Pastor is an excellent player, a real enthusiast of padel and he does a lot for his sport, talking about "flan" is downright insulting...