Ballers, a sports venue and exclusive members’ club, has closed on $20M of funding and plans to open more than 50 locations within the next 10 years.
The funding comes as Ballers is slated to open its 55K SF Philadelphia flagship in July and a 30K SF location in Boston’s Seaport in August. It plans to open another venue near Miami’s downtown by the first quarter of 2026.
Ballers now has a $30M launch pipeline. The company wants to further expand to other key markets, including Los Angeles, New York, Chicago, Connecticut, Toronto and Washington, D.C.
The team is looking to schedule about 20 major events each year beyond 10 home football games at the new stadium — meaning a handful of large-scale concerts and rotating national sporting events like the men’s and women’s Final Four, international soccer matches and WrestleMania
In total, the stadium is expected to draw roughly 1.4 million attendees a year for all events — football and nonfootball, according to a recent analysis conducted by firm Conventions, Sports & Leisure International for the District. Roughly 10% of attendees are expected to stay in the region overnight, with roughly 60% being local residents and another 30% being categorized as day-trippers, according to the CSL report.
Today, the District of Columbia (District), Georgetown University, and the National Park Service announced an agreement regarding the development of property along the Georgetown Waterfront that will complete a decades long effort to realize expanded non-motorized boating activities along the Potomac River in Georgetown, as well as the construction of a Georgetown University Boathouse.
“I am proud to lead a city that works hand-in-hand with our partners to bring long-envisioned projects to life,” said Mayor Muriel Bowser. “This collaborative effort between the District, Georgetown University, and the National Park Service transforms underutilized space along our treasured Potomac River into a beautiful, new boathouse that Georgetown University and the community will enjoy. The new boathouse will be an asset and opportunity for residents, young athletes, and visitors alike as the District embarks on our own planning work to increase and improve public access to the waterfront.”
“This collaborative effort, which has been underway for decades, will create a special space for the Georgetown rowing community, and will usher in a new era for public access to the Georgetown waterfront,” said Robert Groves, Interim President, Georgetown University. “We appreciate the ongoing engagement with both the City of Washington DC and the National Park Service, as well as the leadership of Georgetown President Emeritus John J. DeGioia and Mayor Muriel Bowser, as we move to the next stage of this effort.”
