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Pickleball facility franchisor files for bankruptcy as founder acknowledges business mistake: 'I own it'

Pickleball facility franchisor files for bankruptcy as founder acknowledges business mistake: 'I own it'

Pickleball facility franchisor The Picklr has filed for Chapter 11 bankruptcy protection as the company seeks to reorganize after what its founder acknowledged was a costly business mistake tied to early lease guarantees.The indoor pickleball company filed late Friday in the U.S. Bankruptcy Court for the Northern District of Texas, according to a public statement from the company. The Picklr said an investor group led by one of its franchisees has committed $4.5 million in financing, subject to court approval, while Sports Business Journal reported the group has committed $4.8 million to spons...

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Wayne G Fraser
HALO Contributor
Insurance Broker Insurance Industry
State Georgia, North Carolina, South Carolina
NPN 17934945

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