“It would be healthy for the sport to have a dominant league, and I think a dominant league will naturally emerge with increased success and increased following,” he said. “We voted with our investment here on which one we think will drive that outcome.”

The investment group led by Knighthead also includes Callie Simpkins, director in leveraged finance sales at RBC Capital Markets, Kaitlyn Kerr, a financial adviser at JPMorgan Chase & Co., and producer Matt Alvarez.

Wagner said that he and Brady often play pickleball together and “have a couple mutual friends that we try to beat up on,” but has yet to take on Clijsters.

“I’m not sure I would want to,” Wagner said. “That could be a very embarrassing experience. I think she would dominate me if we played.”

--With assistance from Katia Porzecanski.

This article was provided by Bloomberg News.

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