PJL Sells First Team In US$50 Mln Deal To McCarthy Jumping Team
KUALA LUMPUR, June 30 (Bernama) -- The Premier Jumping League (PJL) announced that seasoned trader, investor, and competitive race car driver Jason McCarthy and McCarthy Jumping League LLC acquired the league’s first team in a landmark US$50 million transaction. (US$1=RM4.06)
The acquisition reflects strong investor confidence in the future of professional showjumping, as the inaugural 2027 PJL season will feature 16 teams competing across 14 international events, according to a statement.
The milestone investment represents a record valuation for a team in a newly established sports competition, underscoring growing investor interest in the league ahead of its April 2027 launch.
McCourt Global Executive Chairman, Frank McCourt said the investment endorses the PJL’s vision and long-term growth potential.
“From the outset, our ambition has been to attract new capital and growth opportunities to the sport. Jason and his family embody the values and ethos we aim to uphold within the League,” he said.
Meanwhile, McCarthy said the PJL has strong potential to expand global interest in showjumping while preserving the sport’s core values.
The acquisition also reflects confidence in McCourt Global’s US$300 million prize money commitment and the league’s long-term business model and financial viability.
-- BERNAMA