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VICTURY Sports founder Joe Burke secured an offer from Lori Greiner on the Sept. 30 season premiere of Shark Tank: $250,000 for an 8.5% stake in Ollyball. The indoor-play ball has sold more than 2 million units, according to the company, and is sold through major retailers. The report does not say whether the offer’s terms were finalized after the episode.
VICTURY Sports founder Joe Burke received a $250,000 investment offer from Shark Lori Greiner for an 8.5% stake in Ollyball during the Sept. 30 season premiere of ABC’s Shark Tank, according to The Toy Book. Burke appeared with his 11-year-old son, Jameson, to pitch the indoor-play ball, which the company says has sold more than 2 million units.
Greiner’s offer was the central outcome of Ollyball’s appearance on the business reality show. The reported terms were $250,000 in exchange for 8.5% ownership of the company. The Toy Book reports that Burke landed an offer, but does not say whether the deal was finalized after filming or whether any later due diligence changed its terms.
Ollyball is made by VICTURY Sports. The product is a patented, two-piece ball weighing less than an ounce, designed for indoor play. The company says it has passed the 2-million-unit sales mark and is stocked in Target stores nationwide. It is also available through Dick’s Sporting Goods, Walmart.com, Amazon, CAMP and TikTok Shop, as well as retailers in eight countries, according to The Toy Book.
The report says the brand is preparing collaborations with Crayola, Balloon Time and FIVB, the international governing body for volleyball. It does not provide launch dates or details about what those partnerships will involve. Burke initially put more than $100,000 of his own savings into the company, while his wife, Ellen Burke, started handling customer service from the family kitchen and now serves as VICTURY Sports’ chief operating officer.
A Retail-Ready Toy Gets Investor Attention
The offer puts a business with an established retail presence in front of a broad television audience and pairs it with an investor willing to discuss a defined ownership stake. If completed on the reported terms, the deal would give VICTURY Sports $250,000 in investment capital while giving Greiner an 8.5% stake. The report does not describe how the company would use the money, so its potential effect on production, marketing or distribution is not yet clear.
The sales figure and retail listings also distinguish this pitch from one for a product still at the prototype stage: Ollyball is already sold through national retailers, and its maker reports sales above 2 million units. Those details offer readers a snapshot of the company’s reach, though the article provides no breakdown by year, retailer or market. The proposed collaborations could add new avenues for growth, but their scope and timing remain unreported.
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From a Broken Item to Ollyball
According to The Toy Book, Ollyball grew out of a household problem. Burke’s daughter, Judith, broke something while playing volleyball indoors, prompting the family to hear the familiar instruction, “not in the house.” Burke began developing an alternative at the kitchen table and worked through more than 100 prototypes before settling on the lightweight, two-piece design.
The brand has built a record of recognition alongside its retail distribution. Ollyball won a Toy of the Year award in 2019 from The Toy Association, and it was named a finalist for Product Launch of the Year in The Toy Book’s second annual Pulse of Play Awards shortly before the television appearance, the trade publication reported. The award history and finalist status are background to the pitch, not evidence of the Shark Tank deal’s final status.
““Going into the Tank with Jameson is something the two of us will never forget.””
— Joe Burke, VICTURY Sports founder, as quoted by The Toy Book
Whether the Offer Closed
The available report describes Greiner’s investment as an offer, not a completed transaction. It does not confirm whether Burke accepted, whether the parties completed due diligence, or whether the final investment amount and ownership terms remained the same. Those points should not be treated as settled based on the reported episode outcome alone.
Other details remain unspecified: the year of the Sept. 30 premiere, the sales period behind the 2-million-unit figure, and the timing or terms of the planned collaborations with Crayola, Balloon Time and FIVB. The source also does not give financial information such as company revenue or profit.
Deal Follow-Through and Partnerships
The next development to watch is whether VICTURY Sports confirms that Greiner’s offer became a completed investment and whether any final terms differ from those reported on the show. The source material provides no expected closing date or follow-up announcement.
For Ollyball’s retail and product plans, the company’s stated collaborations with Crayola, Balloon Time and FIVB are potential next milestones. No products, launch schedule or distribution plans for those collaborations are specified, so further company announcements would be needed to establish what they will mean for customers.
Key Questions
What deal did Ollyball receive on Shark Tank?
The Toy Book reported that Lori Greiner offered $250,000 for an 8.5% stake in Ollyball during the Sept. 30 season premiere.
Did Ollyball’s Shark Tank deal close?
The report describes an offer but does not confirm that the investment closed or that the reported terms were finalized.
Who appeared on Shark Tank for Ollyball?
VICTURY Sports founder Joe Burke appeared with his 11-year-old son, Jameson, according to The Toy Book.
How many Ollyball units have been sold?
The company says Ollyball has sold more than 2 million units. The report does not specify the time period or provide a sales breakdown.
Where is Ollyball sold?
The Toy Book lists Target stores nationwide, Dick’s Sporting Goods, Walmart.com, Amazon, CAMP and TikTok Shop, along with retailers in eight countries.
Source: rss
