- Indoor pickleball franchisor The Picklr has filed for Chapter 11 bankruptcy in Texas to reorganize its unmanageable debt load.
- All franchise locations and clubs remain open and fully operational while the parent company restructures its finances.
- Founder and CEO Jorge Barragan cited rapid expansion and corporate lease guarantees for about 40 locations as the primary drivers of financial strain.
- Financial disclosures showed the company suffered a net loss of $4.4 million on $10.3 million in revenue in 2025, with total liabilities reaching approximately $19 million.
- An investor group led by franchisee Tom Neale has committed up to $4.8 million in financing to sponsor the reorganization.
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