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Lacrosse League Attracts New Funding From WWE, Kevin Durant

  • League co-founded by Paul Rabil inked ESPN deal this year
  • Expansion plans include new tournament to fuel Olympics push
Kevin Durant during a Brooklyn Nets game in April.
Kevin Durant during a Brooklyn Nets game in April.Photographer: Sarah Stier/Getty Images

The Premier Lacrosse League raised a fresh round of funding with new investors including World Wrestling Entertainment Inc. and Kevin Durant’s venture fund as it eyes a new tournament and bigger media ambitions.

The Chernin Group, an existing investor in the league, led the round, founders Paul and Mike Rabil said in an interview. They said the new infusion valued the company at twice the previous round in June 2021, but they declined to provide specific dollar figures.