Alex Rodriguez joins PFL as investor, board of directors member

Alex Rodriguez is an investor and board member for the Professional Fighters League.

The former New York Yankees star was added to the board of directors.

The PFL says it has $30 million in new funding to back its global expansion and the establishment of a pay-per-view superfight division. Waverley Capital was the lead investor in the funding round.

The amount of investment made by Rodriguez, who made more than $450 million during his playing career, was not disclosed by the PFL. He is a prolific investor and has worked on numerous media platforms.

Rodriguez has a minority ownership stake in the NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx. The UFC Gym personal fitness arm of the UFC has been invested in by his corporation.

Rodriguez said in a statement that he loves the global reach of MMA.

The report was contributed to by the Associated Press.