🎾 PBM Weekly Newsletter - Issue 21

Hi everyone,

Welcome to the 21st issue of Padel Business Magazine – a publication and vetted community dedicated to helping padel industry decision-makers capitalise on the explosive growth and development of the sport.

Coming up this week:

• Padel X co-founder Nalle Grinda talks about how Padel X became a go-to destination in Miami’s crowded padel landscape, hosting Property+Padel and engaging with the local community to grow the sport.

• Playtomic targets expansion in the US after finalising a major new investment round of $70 million.

• Our round-up of other major headlines in the global padel business, including the total number of padel courts in the US exceeding 650, according to new data from the International Padel Federation (FIP), and an exclusive partnership between UK operator Rocket Padel and Italian sportswear brand EA7 Emporio Armani.

Enjoy the latest issue!

The PBM Team

P.S. We want to make this the best possible resource and community for you, so please share any feedback to: [email protected] 

The weekly serving

Essential news highlights to keep your padel business game sharp

• 🇺🇸 FIP data: Number of padel courts in US exceeds 650
  The total number of padel courts in the US has exceeded 650, according to the latest estimates from the FIP Research & Data Analysis Department. It said the courts are spread across 175 clubs in 31 US states. Florida is the fastest-growing, with 56 clubs and 268 courts, accounting for 41% of the national total. Texas follows with 18%, California 10% and New York 4.7%.

• 🇬🇧 Rocket Padel strikes exclusive partnership with EA7 Emporio Armani

  Rocket Padel has struck an exclusive partnership with EA7 Emporio Armani, which has agreed to be an official apparel partner of the operator. The Italian sportswear brand’s padel collection will be available at all Rocket Padel clubs, and all coaches and staff at its UK locations will be outfitted in EA7 x Rocket Padel uniforms.

• 🇬🇧 New padel firm in Northern Ireland plans to open 50 courts in 2025
  Northern Ireland businessman Pete Boyle has unveiled plans to open 50 padel courts across eight sites in the country this year after launching Let’s Go Padel, a new £3 million venture. The founder of the Let’s Go Hydro water park also plans to build the province’s first professional padel arena, which will house up to 300 spectators for competitive games.

• 🇺🇸 Taktika Equity acquires Padelmba to boost training programmes access
  Taktika Equity, the world’s largest padel-specific private equity fund, has acquired Padelmba, the training company for padel professionals. The move is expected to make its programmes more widely available to clubs and professionals across the US and elsewhere, with the expansion not limited to Taktika Padel’s own clubs. Padelmba currently has over 28,000 students globally.

• 🇬🇧 PadelLevels to be official ranking and rating system for R3 Bullpadel Tour
  LevelTech, the company behind the SquashLevels rating system, has partnered with R3 Sport to integrate PadelLevels as the official ranking and rating system for the new R3 Bullpadel Tour. PadelLevels plans to introduce real-time player ratings and provide an accurate measure of form based on recent match performances.

Net news

Diving deep into a major news story shaping the padel industry

Playtomic raises $70 million in funding to accelerate expansion in US market 

Playtomic has secured $70 million of new funding to accelerate its US expansion and enhance its app for players and clubs. With plans to enhance its club management system and player experience, the funding comes at a time when padel is rapidly growing in the US. Learn more about how Playtomic is capitalising on this growth and its vision for the future.

The big hit

Exclusive interviews and in-depth analysis breaking down the business of padel

Nalle Grinda interview: Padel X co-founder on the next stage of US padel’s development

Padel X, which hosted this week’s Property+Padel event in Miami, is looking to play a key role in driving increasing investment in padel throughout South Florida and across the US. The firm’s co-founder and chief of padel Nalle Grinda speaks with Padel Business Magazine about how it became a go-to destination within Miami’s crowded padel landscape, its future expansion plans, and engaging with the local community to grow the sport.