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his idea had been festering in Rabil’s mind for several years, albeit in a different form. He and his brother, a former football player at Dartmouth College who has started businesses ranging from a chain of gyms to one offering small business loans, have long carried an entrepreneurial spirit cultivated watching their father, a paper salesman for more than 30 years.
The brothers originally wanted to buy Major League Lacrosse, the 20-year-old league of which Rabil, 32, played in as a midfielder for the previous 11 seasons, winning MVP twice, and is the all-time leading scorer. They wanted to insert many of the ideas that have been introduced in the PLL concept to the already existing pro outdoor league, which they considered had plateaued in excitement, exposure and success.
Long gone were the days of games on ESPN. Players grew frustrated with stagnant wages, low attendance and a questionable media deal that limited viewership. An embarrassing data leak in the summer of 2017 — the MLL briefly exposed players’ Social Security numbers in a publicly shared Excel spreadsheet — “was the straw that broke the camel’s back,” says Mike Rabil, who was in Baltimore with his brother at the time and said, “Why don’t we just buy the MLL and run this ourselves?”
They took former MLL commissioner Dave Gross to lunch, met with New Balance chairman and league owner Jim Davis and visited MLL offices in Boston four times in 2017 to discuss the acquisition. But the Rabils say dialogue broke down once they made an offer. And negotiations never occurred after new MLL commissioner Sandy Brown, who says he was unaware of the previous talks, took the head job prior to the 2018 season.
“We wanted to see professional lacrosse on an elevated stage,” Rabil says. “Now we needed to go fundraise for a business that we’d be starting from scratch.”
Deciding on the new venture’s name was the easiest decision. The Premier Lacrosse League label borrows from European soccer, an interest of Rabil’s. It’s less obvious where PLL’s tour-based, player-centric concept draws from, but you see it in many individual sports, like auto racing, tennis, golf and what Rabil says is the PLL’s most relevant comparison, the Professional Bull Riders tour, which started in 1992 when a group of 20 riders broke away from traditional rodeo to gain better recognition for the sport.
“The business model surprisingly clicked really quickly for a lot of the investors we had on our target list,” Rabil says. “It just hadn’t been rolled out in team sports. In lacrosse, we do this at the final four every year.”
One of the earliest investors in the PLL was former Virginia All-American attackman Drew McKnight, a managing partner at Fortress Investment Group, which has more than $40 billion in assets under management. He connected with the Rabil brothers through a mutual friend that played football with Mike Rabil at Dartmouth. They met several times in New York and San Francisco, where McKnight works and lives, between November 2017 and January 2018.
“Their PowerPoint looked amazing,” McKnight said, “but I was probably the voice saying, ‘Are you really going to be able to do it?’ They didn’t have any players signed. They said, ‘We’re going to get the 120 best players.’ Then they said, ‘We’re going to get this TV deal.’”
McKnight took a leap of faith, pledging venture capital. He played in the first iteration of MLL in its barnstorming tour in 2000. His son and daughter play lacrosse in San Francisco. And if there was one person with the stature and sway to make the plan a reality, it was Paul Rabil.
“I got their vision, I got their passion, and I told them I want to invest, and we can round up money from a bunch of people like me who are passionate, which they did, around $3 million,” McKnight said. “But I won’t be able to get done for you what you need. I have a day job. You need real professional investors that can spend their waking hours focused on partnering with you.”
Fortunately, there’s plenty of lacrosse connections on Wall Street and in high places. Former Cornell attackman Mike Levine is the head of sports at CAA, a leading entertainment agency. Colin Neville, a former Yale attackman, is managing director of The Raine Group, another prominent investment firm which led the league’s initial round of funding. Mike Rabil worked out of Raine’s offices over the last year, and the partnership gave the brothers credibility in meetings with NBC, where another under-the-radar lacrosse advocate has worked for 30 years.
That’s Billy Rebman, the Long Islander and former U.S. team GM who works at NBC in sports research, projecting how certain programs will rate on a Nielsen basis. Rebman learned about the PLL in early 2018 and it gained momentum among NBC Sports’ leadership, president of sports programming Jon Miller and his top lieutenant Mike Perrman, who knew one of the PLL’s seed investors, Jon Marcus, a former Johns Hopkins goalie.
“Talk about strategic investors,” Rabil says.
NBC execs found the prospect of PLL programming a good fit for summer time slots, since the league aimed to start its season in June, as opposed to April when MLL began.
NBC and the PLL reached a three-year deal. “It was a perfect fit,” Rebman says.
Then in February, another round of investors came on board, headlined by the J Tsai Sports Group, which owns 49 percent of the NBA’s Brooklyn Nets, the WNBA’s New York Liberty and last year became owner of a new National Lacrosse League indoor franchise, the San Diego Seals.