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Reply to "Bloomberg Businessweek article on private equity and youth sports"
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[quote=Anonymous][quote=Anonymous][quote=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 🙏[/quote] 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.[/quote] 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. [/quote]
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