{"id":802,"date":"2026-06-30T17:43:09","date_gmt":"2026-06-30T17:43:09","guid":{"rendered":"https:\/\/interstatemovingexpertss.com\/?p=802"},"modified":"2026-06-30T17:43:09","modified_gmt":"2026-06-30T17:43:09","slug":"private-equity-in-youth-sports-draws-bipartisan-scrutiny-in-congress","status":"publish","type":"post","link":"https:\/\/interstatemovingexpertss.com\/?p=802","title":{"rendered":"Private equity in youth sports draws bipartisan scrutiny in Congress"},"content":{"rendered":"<div>\n<div>\n<p>A bipartisan committee on Capitol Hill scrutinized the role of private equity in youth sports on Tuesday, a potential sign that Congress could be inching closer to intervening.<\/p>\n<p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=800\">Nike is set to report earnings after the bell. Here\u2019s what to expect<\/a><\/p>\n<p>The hearing, titled\u00a0&#8220;Field of Fees: Private Equity&#8217;s Role in the Commercialization of American Youth Sports,&#8221; comes as Wall Street continues to expand its presence in youth sports. Lawmakers from both political parties expressed alarm at the trend, while appearing to look for solutions to avoid price hikes to youth participation in sports. <\/p>\n<p>&#8220;In some markets, consolidation is driving up costs for families while limiting access to more affordable, community-based options,&#8221; said Rep. Kevin Kiley, chair of the House Early Childhood, Elementary, and Secondary Education subcommittee. &#8220;The consequences are clear: A widening participation gap.&#8221;<\/p>\n<\/div>\n<div>\n<div>\n<div>\n<div>\n<h2>Read more CNBC politics coverage<\/h2>\n<div>\n<ul>\n<li>Trump bought as much as $5 million in Axon stock before ICE sought Taser deal<\/li>\n<li>Supreme Court upholds birthright citizenship, blocks Trump order<\/li>\n<li>Lobbyists push House panel to block a ban on defense contractors buying back stock<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p>&#8220;The simple reality is that too many children are being priced out. It&#8217;s not that they lack talent or determination; it&#8217;s that their families simply cannot afford the rising costs,&#8221; Kiley, an independent from California who caucuses with Republicans, said.<\/p>\n<p>Kiley chaired the hearing three weeks after former New York Giants quarterback Eli Manning&#8217;s private equity firm Brand Velocity Group announced it would acquire RCX Sports, the company that manages the licenses of the official youth sports programs for professional sports leagues.<\/p>\n<p>Rep. Suzanne Bonamici, D-Ore., also expressed concern about the rising investment. <\/p>\n<p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=798\">FDA lets Philip Morris market Zyn nicotine pouches as less harmful than cigarettes<\/a><\/p>\n<p>&#8220;Youth sports are simply the latest example of how unchecked market power can make everyday opportunities less accessible for families,&#8221; Bonamici said. <\/p>\n<p>She suggested consideration of increased transparency around fees and business practices, robust antitrust enforcement and increased public investment in community recreation and school-based sports programs to help fill the gap. <\/p>\n<p>Rep. Burgess Owens, R-Utah, a former professional football player, expressed concern that private equity investment in youth sports could lead to a focus on investor return rather than youth opportunity. <\/p>\n<p>&#8220;Investment is important, but it&#8217;s when the mission is our kids, not investors,&#8221; Owens said. &#8220;We&#8217;re seeing too much of this. We&#8217;re going to lose the soul of our nation if we don&#8217;t get this right.&#8221;<\/p>\n<p>Owens said some investors are &#8220;doing it the right way,&#8221; but said Congress needs to ensure &#8220;bad actors&#8221; are kept out. <\/p>\n<p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=796\">GOP Rep. Tom Kean says depression diagnosis caused months-long absence from Congress<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Democratic and Republican Congress members expressed alarm at the trend of private equity investment in youth sports.<\/p>\n","protected":false},"author":1,"featured_media":801,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Private equity in youth sports draws bipartisan scrutiny in Congress - Interstate Moving Experts<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/interstatemovingexpertss.com\/?p=802\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private equity in youth sports draws bipartisan scrutiny in Congress - 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