Skip to content
Subscriber Only

A-Rod Invests in Fight Promoter PFL, Joins Board of Directors

Baseball star turned investor plans to use his ‘network and platform’ to support the mixed-martial-arts company’s growth

Alex Rodriguez

Alex Rodriguez

Photographer: Patrick T. Fallon/Bloomberg

Former baseball star Alex Rodriguez is investing in the Professional Fighters League and joining the mixed-martial-arts fight promoter’s board of directors as the company looks to enter new markets and start a new pay-per-view operation.

The funding round values the PFL at $500 million, according to the league. Private equity firm Waverley Capital Partners, headed by former top Warner Music executive Edgar Bronfman, led the $30 million round. Existing investors include Ares Capital Corp., Elysian Park Ventures, football legend Ray Lewis, rapper Wiz Khalifa and sports-team owners Ted Leonsis and Mark Lerner.