Former MLB All-Star Alex Rodriguez has joined the Professional Fighters League as an investor and a member of its board of directors.
On Thursday, PFL announced that the former MLB superstar has joined the PFL board of directors.
— PFL (@PFLMMA) May 19, 2022
According to CNBC, “The former MLB star is now a partial owner of the Professional Fighters League after he contributed to a $30 million funding round, the company said Thursday. Rodriguez joined media investment firm Waverley Capital in the raise and will have a seat on PFL’s board of directors.
“This marks the second recent pro sports investment for Rodriguez. He became a co-owner of the NBA’s Minnesota Timberwolves in April 2021.”
CNBC added, “PFL is now valued at $500 million, according to a person with knowledge of the deal. That’s up from a reported $400 million in 2021.”
According to ESPN, “the PFL didn’t disclose the size of the investment made by Rodriguez, who made more than $450 million” in his career in MLB. The PFL will use Rodriguez’s money to expand its roster and continue to build towards their pay-per-view, which will have a bunch of super fights.
In a statement, A-Rod said he loves the reach of MMA.
“I love the global reach of MMA. The PFL continues to build and innovate for fans, media, and fighters, and there is massive demand in the marketplace.” Rodriguez said in a statement.
Rodriguez joins the growing list of athletes, actors, and musicians who have invested in the PFL.