The Pro Padel League’s Los Angeles Beat was sold to a family-based ownership group for $10 million, marking the largest such direct investment from a single owner since the league was founded in 2023.
David and Corey Eisen – a father and son duo who formerly owned the New Jersey-based trucking firm Commercial Trailer Leasing – acquired the team from EEP Capital, a Laguna Beach-based firm which invests in padel sports. The investment, made through the Eisen’s holding company Los Angeles Beat Partners, included ownership of the Beat franchise and a minority stake in the PPL.
“This is our first investment in sports and entertainment, sparked by a passion for padel,” said David, who will take the helm as chief executive of the Beat. “We see an exciting opportunity to scale both the team and the league – building global relevance, fan engagement and a premier platform for players and partners.”
Corey, David’s son, who will serve as the Beat’s president and general manager, added that they “see this as an attractive entry point” into the sport which include elements of squash and tennis.
L.A. Beat Partners closed the transaction without any outside investors, Corey said.
Gaining momentum
As a sport, first developed in Mexico, padel has grown in popularity around the world. That includes in Spain, Argentina, U.K. and Australia.
The sport is gaining ground in the U.S., based on the growing in the number of courts. As of the second quarter of this year, there were 688 dedicated padel courts in the states, up from 180 courts in 2022, according to the racquet sports platform Playtomic.
