Anonymous
08/30/2024 21:38
Subject: Re:Bloomberg Businessweek article on private equity and youth sports
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 quoβthat 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.
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.
Anonymous
08/30/2024 19:47
Subject: Bloomberg Businessweek article on private equity and youth sports
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 π
Removepaywall.com
Thank you!
Anonymous
08/30/2024 11:45
Subject: Bloomberg Businessweek article on private equity and youth sports
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
08/30/2024 11:41
Subject: Bloomberg Businessweek article on private equity and youth sports
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.
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
08/30/2024 09:52
Subject: Bloomberg Businessweek article on private equity and youth sports
So which local clubs would identify with this? TSJFC and VA Rev?
Anonymous
08/30/2024 09:05
Subject: Bloomberg Businessweek article on private equity and youth sports
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
08/30/2024 09:02
Subject: Bloomberg Businessweek article on private equity and youth sports
Please donβt let them ruin Cooperstown!
Anonymous
08/30/2024 07:47
Subject: Bloomberg Businessweek article on private equity and youth sports
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 π
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
08/30/2024 07:44
Subject: Bloomberg Businessweek article on private equity and youth sports
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 π
Removepaywall.com
Anonymous
08/30/2024 06:41
Subject: Bloomberg Businessweek article on private equity and youth sports
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 π
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. Iβm not a fan of the youth sports industry, but Iβm quite confident PE will only make it worse.
I am looking forward to PE finishing off the NFL
Anonymous
08/30/2024 06:41
Subject: Bloomberg Businessweek article on private equity and youth sports
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 π
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. Iβm not a fan of the youth sports industry, but Iβm quite confident PE will only make it worse.
Anonymous
08/30/2024 06:36
Subject: Bloomberg Businessweek article on private equity and youth sports
We need to start taxing the hell out of the tax exempt, non-profit sector. The vast majority is not actually benevolent.
Anonymous
08/30/2024 06:32
Subject: Bloomberg Businessweek article on private equity and youth sports
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 π
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
08/29/2024 23:47
Subject: Bloomberg Businessweek article on private equity and youth sports
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 π
https://www.bloomberg.com/news/features/2024-08-29/private-equity-targets-30-billion-youth-sports-industry
Thank you π