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Pickleball facility franchisor files for bankruptcy

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Pickleball facility franchisor The Picklr filed for Chapter 11 bankruptcy protection.

The Picklr officials said an investor group led by one of its franchisees has pledged $4.5 million in financing.

Founder and CEO Jorge Barragan said the bankruptcy filing is due, in part, to the company serving as a guarantor for facility lease payments for some early franchisees.

Read more from Fox Business.

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