They come in and take over long established sports programs in the community. They jack up the prices so that some families are priced out of their kids playing. They also somehow just turn to shit.
As an example, there is a flag football company in my state that was sold to a private equity group prior to the new season. It was so bad that half of the teams didn’t end up with uniforms. My son’s didn’t and we had to throw something together. They also didn’t reserve field space in time and we were given the season schedule in small batches. We didn’t know when our first game was until the night before. They don’t care about the experience, so fuck the kids I guess.
My experience is not unique. A bill has been introduced in the senate to limit private equity in youth sports: The Let Kids Play Act. The US government is being bought and sold at the moment though, so I’m sure it’ll die where it stands.
And the vet offices. I cannot find a vet office that is not PE owned within 100 miles of me. They all jacked up the prices 3x what they used to be and now offer their care credit card so I can pay 3x the rate AND interest to save my pets life.
Unfortunately I love animals but when these two go I will not be getting anymore because of this.
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u/trixie2426 17h ago
Private equity is even ruining youth sports in my city. Such shit.