Andy Murray cashing in as padel company he invested in gets lavish valuation
Andy Murray’s decision to invest in a padel business looks set to reap huge rewards after a new round “Despite the rapid expansion of padel in the UK, we still see plenty of opportunity for carefully calculated growth and are aiming to open at 10-15 more venues in the next 12 months.”
Tennis365 spoke to former British No 1 Andrew Castle about the potential of padel, as he insisted fears that the growth of the sport could threaten tennis were misplaced.
“Padel is a sport that could have a huge reach not just in this country, but around the world,” Castle told Tennis365.
Liverpool captain Virgil van Dijk and former tennis players Andrew Castle and Annabel Croft are among the high-profile investors in a company that has now been valued at a stunning £27million, with Murray set to reap the rewards of that valuation if the company sold.
“We’ve worked really hard to become a profitable business, something not many of our competitors can claim, and are focused on ensuring consistent high utilisation of all our courts by building thriving padel communities,” said Jim McMahon, chairman of Game4Padel.
