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Sports General Discussion
Reply to "Be warned: Private equity is about to increase the ruining of youth sports"
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[quote=Anonymous]From the gymnastics world: PE has started buying gymnastics gyms, eliminating competitive programs, squeezing as much money as possible out of recreational classes and ninja classes, and closing them. There are elite/national-level athletes who have had to change gyms or even move states because of these closures. My daughter trains at a facility owned by a venture capitalist. They seem very invested in it for personal reasons but there’s a cloud hanging over things because who knows how long this investment will keep his interest.[/quote]
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