Murphy proposes law to ban private equity from youth sports

Murphy proposes law to ban private equity from youth sports

Connecticut Senator Chris Murphy is co-sponsoring a bill called the “Let Kids Play Act,” which seeks to limit private equity firms from investing in youth sports. He says it intends to lower the costs of participation in for-profit youth leagues. This act would automatically designate private equity firms as “vulture investors” if they try to invest in a youth sports league, until proven otherwise. A vulture investor is defined as an investor wh…

Asset Class: Hands Off Youth Sports

Several Democrats have proposed legislation aimed at stopping “private equity’s takeover of youth sports.”