Budweiser is into Pickleball

Major League Pickleball has named its newest team owner, and it’s a major beer brand.The rapidly growing sports league announced on Tuesday that Anheuser-Busch (NYSE:BUD) will purchase a Major League Pickleball team. The team will begin playing in the 2023 season.In recent months, MLP has announced dozens of high-profile investors, including NBA superstars LeBron James and Kevin Durant and Tom Brady and Drew Brees of NFL fame. Anheuser-Busch is the first Fortune 500 company to purchase an MLP team.Financial terms of the deal were not disclosed, but a league representative told the media the...