VVV Sports plans £5m raise to boost US padel market push
UK publicly listed business focused on emerging racquet sports is seeking a dual listing on Nasdaq as it plans a major expansion into the US padel market.
New investment round led by Rick Schnall, co-chairman and governor of NBA team Charlotte Hornets, is designed to fuel the next phase of the North American league's growth.
LTA figures: UK padel participation doubles in 2025
New figures from the Lawn Tennis Association (LTA) show that 860,000 UK adults and juniors played padel at least once in 2025, up from 400,000 players at the end of 2024.
PBM Insight Report: What next for padel’s investment drive amid wave of new capital?
Investor appeal: Padel competitions, teams, court operators, tech, apparel and equipment are all sparking interest from venture capital funds and private wealth alike.
PBM Insight Report: Padel tourism reaches new markets amid rise of specialist operators
Global appeal: Padel holidays are increasing in popularity, paving the way for a growing number of companies targeting tourism opportunities for the sport.
Hexagon World Series launched by LIV Golf creator 54 and FIP
Hexagon Cup has partnered with FIP and 54, the sport and entertainment agency behind the creation of LIV Golf, to create padel’s first official team circuit
What next for padel’s global growth? Key talking points at Padel World Summit
International expansion: Overcoming challenges to continued rapid growth, the value of a multi-use offering within a padel club, and the rise of padel tourism were among the key themes to emerge from this year's Padel World Summit.
Playtomic raises $70 million in funding to accelerate expansion in US market
The new investment will be used to capitalise on the rapid growth of padel in the States and improve the platform’s club management and player experience.
Nick Baker interview: UK Padel CEO on major expansion of national schools tournament
Top of the class: UK Padel is aiming to provide a significant boost to padel participation among children across Britain with the growth of its Schools Championships.
