Formed from the secession of the Omaha Supernovas from the Pro Volleyball Federation (PVF) following a conflict over the league's ownership, the MLV plans to commence play with ten teams in January 2026.

[6][7] Amid the dispute, Supernovas co-owners Jason Derulo and Danny White, along with Benjamin Priest, Sacramento Kings owner Vivek Ranadivé, and three-time Olympic beach volleyball champion Kerri Walsh Jennings, organized plans for a competing league with the Supernovas as a charter member, raising $100 million from investors.

[8][9] Major League Volleyball is owned by MLV Holdings, an investment company consisting of Jason Derulo, Benjamin Priest, Vivek Ranadivé, Kerri Walsh Jennings, and Danny White.

[10][13] Major League Volleyball plans to commence play with a minimum of ten independently owned franchises that will "adhere to MLV's standards and operational playbooks".

[13] The states of California, Florida, Indiana, Kansas, Kentucky, Minnesota, Ohio, Tennessee, Washington, and Wisconsin are being considered as potential locations for the franchises.