Bloomberg Businessweek article on private equity and youth sports

[Anonymous]

Can someone please paste a gift article link to this story?

https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry


Thank you 🙏

[Anonymous]

Anonymous wrote:Can someone please paste a gift article link to this story?

https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry


Thank you 🙏

Where do we see the least efficiency and greatest escalation in prices for any economic sector over the last twenty years? Higher education and hospital care, rife with nonprofits that enjoy massive tax deductions as they run roughshod over entire sectors of the economy. Profit and private equity may not be panaceas, but nonprofits have not shown themselves to be beneficial in the sectors they dominate. Can we please stop pretending that money and greed is what prevents the USMNT from winning the World Cup or Ethan from playing like Messi. It's nonsense.

[Anonymous]

We need to start taxing the hell out of the tax exempt, non-profit sector. The vast majority is not actually benevolent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can someone please paste a gift article link to this story?

https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry


Thank you 🙏

Where do we see the least efficiency and greatest escalation in prices for any economic sector over the last twenty years? Higher education and hospital care, rife with nonprofits that enjoy massive tax deductions as they run roughshod over entire sectors of the economy. Profit and private equity may not be panaceas, but nonprofits have not shown themselves to be beneficial in the sectors they dominate. Can we please stop pretending that money and greed is what prevents the USMNT from winning the World Cup or Ethan from playing like Messi. It's nonsense.

Private equity ruins everything it touches. I’m not a fan of the youth sports industry, but I’m quite confident PE will only make it worse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can someone please paste a gift article link to this story?

https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry


Thank you 🙏

Where do we see the least efficiency and greatest escalation in prices for any economic sector over the last twenty years? Higher education and hospital care, rife with nonprofits that enjoy massive tax deductions as they run roughshod over entire sectors of the economy. Profit and private equity may not be panaceas, but nonprofits have not shown themselves to be beneficial in the sectors they dominate. Can we please stop pretending that money and greed is what prevents the USMNT from winning the World Cup or Ethan from playing like Messi. It's nonsense.

Private equity ruins everything it touches. I’m not a fan of the youth sports industry, but I’m quite confident PE will only make it worse.

I am looking forward to PE finishing off the NFL

[Anonymous]

Anonymous wrote:Can someone please paste a gift article link to this story?

https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry


Thank you 🙏

Removepaywall.com

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can someone please paste a gift article link to this story?

https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry


Thank you 🙏

Where do we see the least efficiency and greatest escalation in prices for any economic sector over the last twenty years? Higher education and hospital care, rife with nonprofits that enjoy massive tax deductions as they run roughshod over entire sectors of the economy. Profit and private equity may not be panaceas, but nonprofits have not shown themselves to be beneficial in the sectors they dominate. Can we please stop pretending that money and greed is what prevents the USMNT from winning the World Cup or Ethan from playing like Messi. It's nonsense.

Ironically, private equity is moving into medicine. They've ruined veterinary care, so onto people

[Anonymous]

Please don’t let them ruin Cooperstown!

[Anonymous]

Anonymous wrote:We need to start taxing the hell out of the tax exempt, non-profit sector. The vast majority is not actually benevolent.

+1

[Anonymous]

So which local clubs would identify with this? TSJFC and VA Rev?

[Anonymous]

https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry?srnd=homepage-americas

Somehow this link popped up and I could read the whole article. Essentially, the PE firm would seek to control the who experience of a major tournament event, along with managing entire leagues. In the Cooperstown example, they control player housing, the tournament, the food and some onsite activities. Their expanded aim would be to catch 100% of the business to include resort style lodging, food and alcohol sales to parents, so they would be sure to return year after year. They are taking over some leagues in rural parts of the country. I'd suspect it would not be feasible to take over leagues and venues in the more expensive parts of the country like DC, NY or SoCal. Afterall, just ask STJ how hard it's been to develop anything outside of their established footprint.

[Anonymous]

Anonymous wrote:https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry?srnd=homepage-americas

Somehow this link popped up and I could read the whole article. Essentially, the PE firm would seek to control the who experience of a major tournament event, along with managing entire leagues. In the Cooperstown example, they control player housing, the tournament, the food and some onsite activities. Their expanded aim would be to catch 100% of the business to include resort style lodging, food and alcohol sales to parents, so they would be sure to return year after year. They are taking over some leagues in rural parts of the country. I'd suspect it would not be feasible to take over leagues and venues in the more expensive parts of the country like DC, NY or SoCal. Afterall, just ask STJ how hard it's been to develop anything outside of their established footprint.

Resort style lodging will be coming yo Raventek park before you know it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can someone please paste a gift article link to this story?

https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry


Thank you 🙏

Removepaywall.com

Thank you!

[Anonymous]

Key quote from the author: "Yet the more I saw at the All Star Village, the more I became convinced that Unrivaled might help to improve the status quo—that maybe one way to make things better in youth sports is to let the masters of the universe take over from the mom-and-pops."

While the "masters of the universe" language may scare you, any multimillion dollar organization (which all these clubs are) with a soccer coach at the top of the org chart should scare you far, far worse.