It’s Still America’s Fastest-Growing Sport

Given the explosion in pickleball’s popularity, analyst Luke Burgess bets the market sees some kind of pickleball-specific REIT or public company as soon as next year. [Outsider Club Header] Dec 21, 2022 By Luke Burgess for the Outsider Club It’s Still America’s Fastest-Growing Sport My father doesn’t want anyone to know what he does for work. He’s not embarrassed; there’s nothing embarrassing about the job. He doesn’t work for the government. His job doesn’t involve keeping secrets. And there’s nothing illegal about his work. I wouldn’t be writing about it if there were. If you asked him, he’d tell you he has a “construction job,” but that’s only half of the truth. What he wants to keep secret is exactly what his company builds. That’s because he knows you're probably going to ask him to build one for you, and he doesn’t want to have to tell you no. You see, for the past 20 years or so, my father has worked for a company that builds and maintains tennis courts. But in the past 10 years, it's been building a different court for a different game. I’m talking about pickleball. Yes, my father builds pickleball courts. No, he won’t build in your backyard. You don’t want one anyway! Pickleball is still the fastest-growing sport in America. According to the Sports & Fitness Industry Association, there are currently 4.8 million pickleball players and more than 10,000 places to play pickleball across the United States. [df] $6 Billion in Funding Going to a Single Company? Biden has been dishing out funding as if these are his last days on Earth. He’s handed out more than $2 trillion in funding during his first few years in office. One of his biggest goals is to develop the future of energy. Shockingly, it has nothing to do with fossil fuels OR renewables. A full $6 billion is headed to an industry dominated by one tiny Virginia-based company. A few critical patent approvals means very few others are on the shortlist. And early investors in this game-changing technology could reap a massive windfall. [You need to immediately check this one out for yourself.]( And pickleball has become nearly an obsession for tens of thousands of people over here on the East Coast. Pickleball is simply more accessible than tennis. Up to four pickleball courts can fit in the area of one tennis court, which makes them more appealing for urban or dense suburban areas with limited space. And, what seems to be the most important thing for players, pickleball is a much more social sport than tennis. A pickleball court measures 44 feet long and 20 feet wide. It’s not very big. And everyone thinks they could fit a pickleball court in their backyard. Of course, it’s possible. The Ancient Egyptians built the pyramids without modern construction equipment. It’s absolutely within the realm of possibility to put a pickleball court in your backyard. But my father isn’t building it for you. The simple fact is my father’s company just doesn’t do residential work. There are smaller construction companies that do residential pickleball court construction. However, my father's business only does work for local governments (to build courts at schools, parks, etc.), tennis clubs, and private communities, so he’s not going to take a job to build just one pickleball court. Moreover, putting a pickleball court in your backyard is most likely a costly mistake. It’s impossible to price a job without looking at the location first, but depending on where you live, it would cost you anywhere from $25,000–$50,000 to build a pickleball court. And then it’s going to cost several thousand dollars per year for maintenance for the rest of your life. It’s also going to decrease the value of your house. Sure, there are almost 5 million pickleball players in the country, but there are also hundreds of millions who couldn’t care less. The odds are when you go to sell your house, most potential buyers are going to see the pickleball court as a liability that’s going to cost tens of thousands of dollars to get rid of. New Robot Has Tech Execs Scrambling You might not believe this is even real, but I assure you this video has been left unedited. Nearly every tech company in the world is scrambling to get its hands on this tech. And investors are set to profit handsomely. Get the details on [our Top 3 Stocks Picks here.]( Here’s my father’s advice on building a pickleball court in your backyard: Take $50,000 cash and set half of the money on fire. Then call him in five years. You’ll thank him for saving you $25,000. The best thing to do if you want to play pickleball is join a tennis club. As I already mentioned, there are more than 10,000 places to play, and it's mostly a social game anyway. A tennis club, not your backyard, is really the ideal place to play pickleball. [dfgdar] Behind it all is a massively growing business. Celebrities like Tom Brady, LeBron James, and Kevin Durant are among new investors in Major League Pickleball. And, yes, there already is a Major League Pickleball. Last week, it announced it would be doubling the number of teams in the league to 24 for the 2023 season, and it named former Goldman Sachs executive Brian Levine as its interim CEO. According to 360 Market Updates, the global pickleball market is expected to grow at a CAGR of more than 10% to $2.14 billion by 2027. Unfortunately, there is no great way for retail investors to get good exposure to the pickleball market. There are a handful of public sporting goods companies that make pickleball equipment and equipment for other sports, but there is no public sporting goods company that’s specific to pickleball. There are also several VC startups looking to raise money to build pickleball facilities but nothing in the public equity market. There's also no special material that’s required to build your typical pickleball court. They actually have various surface materials and cushion layers, but your typical outdoor pickleball court is mostly concrete, asphalt, paint, and sand. There’s also steel, plastic, and polyester in the fencing and netting, but there’s no rare resource the industry needs to support itself. So for now, the retail market has to wait on the sidelines. However, given the explosion in pickleball’s popularity, I’d bet the market sees some kind of pickleball-specific REIT or public company as soon as next year. Until next time, [Luke Burgess Signature] Luke Burgess This $5 Power Solution Could Save Britain (and the U.S.) The U.K. is facing a bitter winter, driving heating costs to record highs... And Brits are struggling to pay for it. In fact, over 3 million low-income households in the U.K. reportedly cannot afford to heat their homes. This could kill thousands of people over the coming frigid months. But it’s not just overseas — this crisis has already reached America. The Energy Information Administration expects heating oil expenditures to rise a staggering 45% this winter. At this rate, there will be millions of Americans who can’t afford to heat their homes... But this weird tower you see below is about to save us all by supporting power grids across the globe. [fg-newton]( It supplies clean energy to the power grid 24/7 using a limitless resource... Without relying on ANY expensive or supply-constrained metals... And the energy stored in this device lasts FOREVER. The company behind this technology has already inked deals with the Swiss, the Saudis, and several American companies. And while this incredible invention is still unknown to the public, you can get positioned with as little as $5. [Get the full details here.]( Follow the Outsiders [Twitter]( | [Facebook]( | [LinkedIn]( | [YouTube]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy [here](. Outsider Club, Copyright © Outsider Club LLC, 3 E Read Street Baltimore, MD 21202. Please note: It is not our intention to send email to anyone who doesn't want it. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info [here]( including our privacy policy and information on how to manage your subscription. If you are interested in our other publications, please call our customer service team at [1-855-496-0830](tel:/18554960830).