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☆ Padel isn't just rich-people pickleball. Here's the difference.
▼ + stars: | 2024-05-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Padel might look like pickleball, but there are big differences. Padel is another fast-growing racket sport that's particularly popular among the elite. Members-only padel clubs have attracted luxury brands hoping to cash in on high-earning players. Padel clubs are popping up all over the US and attracting an affluent group of followers. This story is available exclusively to Business Insider subscribers.

Persons: —, might've Organizations: Service, Business

☆ MLB Hall of Famer Derek Jeter talks new padel tournament happening in South Florida
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMLB Hall of Famer Derek Jeter talks new padel tournament happening in South FloridaHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: of Famer Derek Jeter, Brian Sullivan, “ Organizations: of Famer, CNBC Locations: South Florida

☆ Why Eva Longoria is ‘addicted’ to padel
▼ + stars: | 2024-02-06 | by ( Amanda Davies | Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —At first glance, padel might seem like an unusual investment for a Hollywood star like Eva Longoria. ElevenEleven Team USA, a team owned by Longoria, was participating at the event. Unlike tennis, padel is generally played in a doubles format, although the same scoring system is used in both sports. Some of the world's best padel players competed at the Hexagon Cup in Madrid. “The ownership team behind Angel City was born of that gender parity in pay,” Longoria recalled.

Persons: Eva Longoria, Andy Murray, Rafael Nadal, Robert Lewandowski, Longoria, – padel, ”, Amanda Davies, ” Longoria, Guillermo Gutierrez Carrascal, Gabrielle Solis, Oscar, Natalie Portman, Angel City, “ Natalie Portman, doesn’t, “ We’re Organizations: CNN, ElevenEleven, USA, Angel City FC, Liga MX, Club Necaxa, Angel Locations: Madrid, Mexico, padel, pickleball, Los Angeles, Angel

☆ Aeternitas Tower: Dubai is building the world’s tallest residential clocktower
▼ + stars: | 2024-01-17 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

The Aeternitas Tower, officially unveiled at a launch event last week, will be the world’s tallest residential clocktower at a staggering 450 meters (1,476 feet) tall — more than four times the height of London’s Big Ben, and just 22 meters (72 feet) short of the world’s tallest residential building, the Central Park Tower in New York City. Set to become the world’s second-tallest clock tower (after the Makkah Clock Royal Tower in Mecca, Saudi Arabia), Aeternitas Tower is the result of a partnership between Dubai-based real estate developer London Gate and Swiss luxury watch manufacturer Franck Muller. The Aeternitas Tower will have amenities for residents such as gym, yoga studio, cinema, and swimming pool, pictured in this digital rendering. London GateA booming marketThe Aeternitas Tower is part of a growing trend in Dubai. The design for Aeternitas Tower was officially unveiled at a launch event on January 9 2024, at the Ritz-Carlton Dubai (pictured).

Persons: Big Ben, Franck Muller, Tom Hill, ”, Franck Muller Aeternitas, Erol Baliyan, Franck Muller’s, Karl Lagerfeld, “ We’ve, Carlton Dubai Organizations: CNN, CNN —, London Gate, Marina, Research, Benz, London, Ritz, Carlton Locations: CNN — Dubai, New York City, Makkah, Mecca, Saudi Arabia, Dubai, Dubai Marina, East, Africa, Swiss, London, Emirate, “

☆ Aeternitas Tower: Dubai is building the world’s tallest residential clock tower
▼ + stars: | 2024-01-17 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

The Aeternitas Tower, officially unveiled at a launch event last week, will be the world’s tallest residential clock tower at a staggering 450 meters (1,476 feet) tall — more than four times the height of London’s Big Ben, and just 22 meters (72 feet) short of the world’s tallest residential building, the Central Park Tower in New York City. Set to become the world’s second-tallest clock tower (after the Makkah Clock Royal Tower in Mecca, Saudi Arabia), Aeternitas Tower is the result of a partnership between Dubai-based real estate developer London Gate and Swiss luxury watch manufacturer Franck Muller. The Aeternitas Tower will have amenities for residents such as gym, yoga studio, cinema, and swimming pool, pictured in this digital rendering. London GateA booming marketThe Aeternitas Tower is part of a growing trend in Dubai. The design for Aeternitas Tower was officially unveiled at a launch event on January 9 2024, at the Ritz-Carlton Dubai (pictured).

☆ Move over, pickleball: The fast-growing sport of padel is the next hot luxury-home amenity
▼ + stars: | 2023-12-21 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Padel is said to be one of the world's fastest-growing sports, with 25 million players in over 90 countries. AdvertisementThe country's fastest-growing sport, pickleball, may have some competition. A standard-sized court is 66 feet by 33 feet, bigger than a pickleball court but smaller than a doubles tennis court. And Enclave, a gated community about 35 miles from Chicago in South Barrington, Illinois, is also set to have a communal padel court. Once they got hooked on padel, he said, they started converting them to padel courts.

Persons: Padel, —, Haven't, It's, Andy Murray, David Beckham, Omar Vega, padel, Marko Gojanovic, Gojanovic, Mia, Aly, khan Merali, Turnberry, Merali, Michael DeRosa, Kelli Ide, that's Organizations: Service, CNN, The New York Times, Business Locations: Mexico, Padel, Miami's, Miami Beach, South Florida, Turnberry, North Miami, Turnberry's, Spain, York, Central, Chicago, South Barrington , Illinois, Lake, Skaneateles, Skaneateles , New York, Atlanta, Los Angeles

☆ Inside Sam Bankman-Fried's $35 million crypto frat house in the Bahamas
▼ + stars: | 2023-10-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +11 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Lawyers for the U.S. Attorney's office entered into evidence photos featuring Sam Bankman-Fried and his fellow co-workers at their shared $35 million Bahamian penthouse. In his testimony, Yedidia recalled a group Signal thread labeled "People of the House," which referred to Bankman-Fried's $35 million penthouse. Zoom In Icon Arrows pointing outwards Exhibit from the prosecution shows Signal thread called "People of the House," referring to Bankman-Fried's $35 million penthouse, where many employees lived.

Persons: Sam Bankman, Fried, Gary Wang, Adam Yedidia, Caroline Ellison, She's, somethings, Lewis Kaplan, Yedidia, it's, Ryan Salame, Joseph Bankman, Barbara Fried, Bankman, John Ray, Ray, Tiger Woods, Justin Timberlake, Michael Lewis, Lewis, napping, Mark Cohen, FTX, Ellison, hadn't Organizations: U.S, Southern, of, Lawyers, Alameda Research, Massachusetts Institute of Technology, MIT, SDNY, Bankman, Alameda, New Providence, FTX, Enron, Capitol, Prosecutors Locations: Bahamas, Manhattan, He's, of New York, Bankman, FTX, Alameda, Hong Kong, Caribbean, New Providence, New, U.S, Albany, oceanside

☆ Shell Bay Club: The private golf course with a $1 million membership fee
▼ + stars: | 2023-10-06 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —A world-class golf course, a racquet center, a private yacht club, and much more – all yours to enjoy, so long as you have a spare million dollars lying around. “It will be a place where you can totally immerse yourself in the game.”Immersion comes at a price, however, with membership initiation fees for The Shell Bay Club coming in at $1 million. Tenants living in the 108 residences and penthouses that make up the 20-story condominium tower overlooking the course receive automatic social club membership, with the option to pay the additional fee for the golf course. By contrast, initiation fees for Georgia’s Augusta National Golf Club, host of The Masters, range from $250,000 to $500,000, according to Forbes in 2021. Shell Bay ClubShell Bay Club members also have access to a range of amenities, including admission to the Shell Bay Yacht Club, which offers a 48-slip private marina to give residents with private vessels and charters direct access to the Atlantic ocean.

Persons: ”, Greg Norman, Bill Hornstein “, ” Norman, Alex Witkoff, — Organizations: CNN, Shell Bay, Witkoff Group, PPG, Shell Bay Club, Georgia’s Augusta, Golf Club, Forbes, Shell, Yacht, Auberge Locations: Hallandale Beach, South Florida, Intracoastal, Australian, Shell, Miami

NEW YORK, Oct 5 (Reuters) - Sam Bankman-Fried's college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder's fraud trial that Bankman-Fried told him to give a hedge fund they co-owned special trading privileges on FTX. The special privileges granted to the hedge fund, Alameda Research, included a $65 billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow, he said. He added that Bankman-Fried had directed him to implement the changes giving Alameda special privileges. Wang, 30, is the first of three former close associates of Bankman-Fried to testify at the trial, which began on Tuesday. Wang said Bankman-Fried decided to name the firm Alameda Research because it "makes it easier to do business if the name doesn't mention trading or cryptocurrency."

Persons: Sam Bankman, Gary Wang, Fried, Wang, FTX, FTX's, Mark Cohen, Matt Huang, Huang, Bankman, Nishad Singh, Caroline Ellison, Alameda's, Adam Yedidia, Yedidia, Sam, Joseph Bankman, Barbara Fried, Luc Cohen, Jody Godoy, Amy Stevens, Matthew Lewis Organizations: Alameda Research, Alameda, Massachusetts Institute of Technology, Prosecutors, MIT, Stanford Law, Thomson Locations: Alameda, tatters, Manhattan, FTX, China, United States, Bahamas, Yedidia, New York

☆ 'Padel' coming to Manhattan as sport grows in popularity
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Padel' coming to Manhattan as sport grows in popularityWayne Boich, Reserve Padel founder and CEO, joins 'Last Call' to discuss the expansion of 'padel' into New York City, a fast-growing sport similar to tennis.

Persons: Wayne Boich Locations: Manhattan, New York City

☆ Is Everyone Playing Padel Without Us?
▼ + stars: | 2023-05-11 | by ( Amelia Nierenberg | ) www.nytimes.com time to read: 1 min

SANTIAGO, Chile — There are only a handful of places to play pickleball here in Chile’s capital. In its place, a padel court will rise. “There’s just not enough people for it to be a profitable business right now,” said Nicolas Flores, 34, a founder of the Chile Padel Academy, said. Pickleball is one of the fastest-growing sports in the United States, while padel (pronounced PAH-del) is one of the fastest-growing sports in the world. If pickleball is Fahrenheit, padel is Celsius.

☆ It’s Tennis vs. Pickleball vs. Padel. Or Is It?
▼ + stars: | 2023-05-11 | by ( Christopher Clarey | ) www.nytimes.com time to read: +1 min

SAN DIEGO — The official name of the facility is the Barnes Tennis Center, but once through the front doors, it quickly becomes apparent that it might want to consider expanding its branding. “What are you playing today?” a receptionist at the front desk asked of a father and his adult daughter dressed in what could pass for traditional tennis clothes. “Pickleball,” answered the daughter. “Have you tried padel yet?” asked the receptionist. “I hear it’s addictive.”Such conversations and choices, which have been standard in other parts of the world for several years, remain rare in the United States.

☆ Beckham, o nouă pasiune sportivă. Fostul fotbalist a fost surprins jucând padel
▼ + stars: | 2021-04-02 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Aflat în SUA pentru a monitoriza evoluția clubului său, Inter Miami, fostul jucător de la Real Madrid și Manchester United s-a apucat de padel, un sport aflat la modă în prezent. Beckham a fost surprins în timp ce juca padel cu câțiva prieteni. Participanții folosesc palete fără corzi și o minge asemănătoare cu cea de tenis. David Beckham este proprietarului clubului Inter Miami, care evoluează în Major Soccer League. În sezonul precedent, primul din istoria clubului, Inter Miami a terminat pe locul 10 în Conferința de Est.

Persons: David Beckham, Beckham, Padelul, Englezul, Gonzalo Higuiain, Phil Neville Organizations: Inter Miami, Real Madrid, Manchester United, Major Soccer League, Major League Locations: SUA, Europei, Floridei, americană, de Est

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