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Private Equity and Youth Sports | Charleston News
Congress is cracking down on the skyrocketing cost of youth sports, as private equity firms buy up leagues and facilities, turning community recreation into a profit-driven machine. With families now spending over $1,000 per kid annually—and travel teams even more—lawmakers are sounding the alarm. Critics say financial motives are sidelining kids’ needs, while defenders argue investment funds modernize aging infrastructure. State attorneys general are investigating anti-competitive practices in sports like hockey, where one firm dominates. A new bill, the Let Kids Play Act, could force PE…
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