https://www.live-feeds.com/feed/pickleball-facility-franchisor-files-for-bankruptcy-as-founder-acknowledges-business-mistake-i-own-itContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/pickleball-facility-franchisor-files-for-bankruptcy-as-founder-acknowledges-business-mistake-i-own-ithttps://www.live-feeds.com/feed/pickleball-facility-franchisor-files-for-bankruptcy-as-founder-acknowledges-business-mistake-i-own-it#u133116Sun, 18 Oct 2026 20:02:49 +0000Indoor pickleball franchisor The Picklr has filed for Chapter 11 bankruptcy protection to restructure its debts. Founder and CEO Jorge Barragan attributed the filing to costly lease guarantees the parent company, Picklr Inc., provided for approximately 40 early franchisee locations. While the company faces millions in losses, it has secured $4.5 million in financing for reorganization from an investor group led by former MLS executive Tom Neale. All franchise locations and clubs remain fully operational during the restructuring process.Why it mattersThe company transitioned to a franchise mode