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Glen Powell, Rob McElhenney among investors in Premier Lacrosse League’s $100 million Series E funding round
The Apex Times

THE APEX TIMES

Culture/The Apex Times/Jun 30, 6:05 AM EDT

Glen Powell, Rob McElhenney among investors in Premier Lacrosse League’s $100 million Series E funding round

The Premier Lacrosse League announced a new $100 million financing round, described as the largest capital raise in pro lacrosse. Actors Glen Powell and Rob McElhenney are listed among the participating investors.

2 min readEditor-approved Apex article

The Premier Lacrosse League said it has launched a new financing round valued at $100 million, with participation from actor Glen Powell and Rob McElhenney, according to an announcement reported by Deadline on June 30, 2026. The league described the raise as its largest to date, and the funding round is labeled a Series E offering.

Deadline reported that the Series E round is led by Ares and Joe Tsai. The article characterizes the $100 million raise as the largest capital raise in the history of pro lacrosse, placing the league’s latest funding effort at a higher scale than prior league financing rounds.

The report also said ESPN, which took a stake in the league in 2025, is involved in the league’s ownership and investment structure. That prior ESPN stake, combined with ESPN’s continuing presence alongside the Series E, suggests the league is consolidating mainstream sports-media ties as it seeks additional capital.

Within the roster of participating investors, Deadline highlighted Hollywood figures including Powell, along with McElhenney, who is also known as a producer and screenwriter. The report’s emphasis is on the mix of entertainment investors and established sports and finance backers, led by Ares and Joe Tsai.

The league did not announce, in the reported summary, specific uses of the new capital, timelines for closing the round, or detailed financial terms beyond the total size and the Series E structure. The June 30 report also did not specify whether the financing includes any additional league partners beyond the investors named in the article’s description.

With the Series E underway, the next step will be completion of the financing process and any related updates to ownership stakes, governance, or strategic arrangements that accompany a major capital raise. For fans, teams, and partners, the immediate impact will be increased funding behind the league’s operations as investors finalize their participation.

For sports media and rights stakeholders, the round also underscores continued interest in expanding professional lacrosse as a mainstream property, following ESPN’s earlier investment in 2025 and now new capital from investors named in the Series E report.

Why It Matters

  • A $100 million Series E is a significant inflection point for a niche professional sports league, potentially affecting how the league funds operations and growth priorities.
  • The involvement of investors tied to mainstream entertainment and major sports-media interest highlights broader commercialization momentum after ESPN’s 2025 stake.
  • As the financing closes and ownership terms finalize, teams and partners may see updated commitments tied to the league’s capital structure.
  • The reported scale of the raise may influence how future investors and broadcasters evaluate pro lacrosse’s market trajectory and sponsorship potential.

Sources

Key Facts

  • The Premier Lacrosse League announced a $100 million financing round labeled a Series E.
  • Deadline reported that the Series E round is led by Ares and Joe Tsai.
  • Deadline said the $100 million round is the largest capital raise in the history of pro lacrosse.
  • Deadline reported actor Glen Powell is among the investors in the Series E.
  • Deadline reported Rob McElhenney is also listed as an investor in the Series E.
  • Deadline said ESPN took a stake in the league in 2025 and is part of the league’s investment context.
Glen Powell, Rob McElhenney among investors in Premier Lacrosse League’s $100 million Series E funding round | The Apex Times