The financing round, led by Ares funds and New York Liberty owner Joe Tsai, also included a minority equity investment from ESPN.

Ares Management and Alibaba Group co-founder Joe Tsai led the round. Tsai, the PLL's largest shareholder, has invested in it since 2019, while Ares is a new PLL investor.

The Premier Lacrosse League is adding actors Rob Mac and Glen Powell as investors in a $100 million financing round.