Wall Street's Lax Bros: The Real Life Brothers Bringing Lacrosse to the Masses
*By Carlo Versano*
Two brothers-turned-co-founders are using their Wall Street and athletic experience to make lacrosse a mainstream sport ー with its own league, season, venues, and even exclusive TV deals.
Paul Rabil, a professional player with Major League Lacrosse, and his brother Mike founded the Premier Lacrosse League based on their shared love of a sport that has long been associated with Northeastern prep schools and Ivy League "bro" culture.
But the Rabils see a potential to unlock a much wider audience, based, in part, on increased lacrosse participation in high schools nationwide. The sport has seen [35 percent](https://www.bloomberg.com/news/articles/2018-10-22/wall-street-s-lacrosse-fraternity-backs-rabil-s-upstart-league) participation growth since 2012, according to the Sports & Fitness Industry Association, which the Rabils called "rocket fuel" for the PLL when they appeared on Cheddar Tuesday.
With Mike serving as CEO and Paul as CSO, the brothers have already secured funding for a six-team league with a 14-game season ー as well as an exclusive live TV deal with NBC Sports Group. They will offer their full-time athletes benefits and equity in the league: "Athletes have become the new investors," Paul said.
But their biggest challenge still lies ahead: convincing casual sports fans that there's more to LAX than the bros.
*Disclaimer: Cheddar Founder and CEO Jon Steinberg is a PLL advisor.*
For full interview [click here](https://cheddar.com/videos/meet-wall-streets-lax-bros).
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.