✉news SportSports first seen 9 h ago, last 9 h ago, peak #33
Private equity is buying up American kids' sports
Original: Private equity is buying up US kids' sports, pricing out low-income families, and cashing in
A report by Yahoo Sports claims private equity firms are increasingly acquiring youth sports leagues, facilities and training businesses across the United States. The report says rising costs tied to these investments are pricing low-income families out of participation, while investors profit from the growing, multi-billion-dollar youth sports industry.
Why now: Concerns are growing that the commercialization of youth sports is deepening inequality in access for American children.
Yahoo Sportsprivate equity firmsyouth sports in the United States
Evidence
- Private equity is buying up US kids' sports, pricing out low-income families, and cashing in · Yahoo Sports
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