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Reply to "Be warned: Private equity is about to increase the ruining of youth sports"
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[quote=Anonymous][quote=Anonymous][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] I heard the other day that Bull City in Durham is moving the vast majority of their team practices to daytime hours and forcing the girls to homeschool. All presumably to add more rec and ninja classes. Families are leaving for other gyms. It's the exact same playbook as what they did at First in Flight near Charlotte. Eventually the teams were cut completely, and then FiF later closed. Interestingly enough, not only were FiF and Bull City owned by the same PE group, FiF's upper level coach went to Bull City and some of their top gymnasts followed. The families who followed must be having deja vu.[/quote] Yes. It’s the talk of our gym because they have some overlap with some elites who were caught up in the FIF closure originally. Such a mess. Anyone not in gymnastics should google Powers gymnastics to see the kind of cheery song and dance PE gives just before they slash programs and bleed children’s sports dry.[/quote]
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