Bipartisan support on US House panel for examining private equity in youth sports

A U.S. House Education and Workforce subcommittee held a bipartisan hearing to examine private equity's influence in youth sports, focusing on concerns about rising costs and reduced access for families. Testimony highlighted both potential benefits of private investment and risks of prioritizing financial returns over child development. The youth sports industry generates $40 billion annually, with families spending an average of $1,016 per year per child on participation.