Padel 100, Ireland’s fastest-growing padel operator, has announced a €5 million capital raise under the Employment Investment Incentive Scheme (EIIS) to fund an ambitious rollout of 300 courts nationwide by December 2027. This initiative marks a significant milestone in Ireland’s padel development, aiming to meet surging demand for the sport.
Early investors who complete their investments before 15 November 2025 will qualify for 50% EIIS income tax relief, while those investing from 16 November 2025—when Padel 100 begins trading—will receive 35% tax relief. Installations are set to begin this month at a rate of 10-12 courts monthly, with 100 new courts expected by April 2026. More than 40 venues are already confirmed, signaling strong momentum.
The rollout is supported by strategic partnerships with Acenta Group (Sweden), Playtomic, and NXPadel, providing world-class construction, booking technology, and materials. CEO and Founder Ben Keohane emphasized the tangible progress: “We’re not talking about ideas on paper, we’re delivering with a groundbreaking initiative that signals a transformative moment in Ireland’s padel journey. With contracts signed, world-class partners secured, and demand accelerating, we are now well on track to reach 300 courts by Christmas 2027.”
The EIIS structure offers a compelling financial proposition: 50% income tax relief for pre-trading investments, a 40% fixed return over four years, full capital repayment at Year 4, bonus royalty income for investments of €50,000 or more, and optional conversion into equity. For example, a €10,000 investment is projected to return €19,000 over four years, equating to an effective Internal Rate of Return (IRR) of nearly 50%. Larger investors gain access to revenue-sharing opportunities, with the national network forecast to host over 832,000 annual player sessions by 2026 and generate more than €11 million in revenue.
Globally, padel is booming, with 7,000 new courts built in 2024, a 92% player retention rate, and potential Olympic inclusion. Ireland’s rapid expansion, led by Padel 100, positions the country among Europe’s fastest-emerging padel markets. The raise offers investors a unique opportunity to back a sport with strong growth fundamentals while supporting infrastructure for Ireland’s sporting transformation. A full prospectus is available on the Padel 100 website. Note: EIIS investments are high-risk, returns are not guaranteed, and tax relief depends on individual circumstances and Revenue approval. Investors should seek independent legal and financial advice.
