Private equity in youth sports draws bipartisan scrutiny in Congress

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.

The hearing, titled "Field of Fees: Private Equity's Role in the Commercialization of American Youth Sports," 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.

"In some markets, consolidation is driving up costs for families while limiting access to more affordable, community-based options," said Rep. Kevin Kiley, chair of the House Early Childhood, Elementary, and Secondary Education subcommittee. "The consequences are clear: A widening participation gap."

"The simple reality is that too many children are being priced out. It's not that they lack talent or determination; it's that their families simply cannot afford the rising costs," Kiley, an independent from California who caucuses with Republicans, said.

Kiley chaired the hearing three weeks after former New York Giants quarterback Eli Manning's private equity firm Brand

Fuente original: CNBC Top News (https://www.cnbc.com/2026/06/30/private-equity-youth-sports-congress-scrutiny.html)