Youth Sports is a $40 Billion Industry & Private Equity is going to nuke it
- Thread starter FAH1223
- Start date
the pro teams need to take control anyway.
Nero Christ
Sniper out now on all digital platforms brev
I've been saying sports teams in the US should've been started their own youth academies that find young teen talent and develop them away from these predatory individuals and institutions.
Copy Ninja
Superstar
Capitalism in a nutshell. Greed knows no bounds.
Often get grouped up with dudes my age (middle age) playing golf and the conversation when it comes to their kids playing sports always often lead to the costs of playing. These guys are spending $10K+ per year per kid so their kids can be part of travel teams. That's unheard of when I was growing up.
A friend of mine runs a summer tennis camp. It's from 8-12pm every day for a week and he charges $3K
.
There are a lot of families out there who can afford spending this kind of money. But it's gonna hurt the overall sports youth development in the US if only rich kids can access this type of training.
Often get grouped up with dudes my age (middle age) playing golf and the conversation when it comes to their kids playing sports always often lead to the costs of playing. These guys are spending $10K+ per year per kid so their kids can be part of travel teams. That's unheard of when I was growing up.
A friend of mine runs a summer tennis camp. It's from 8-12pm every day for a week and he charges $3K
.There are a lot of families out there who can afford spending this kind of money. But it's gonna hurt the overall sports youth development in the US if only rich kids can access this type of training.
funny thing is capitalism is also why the european developmental model works. they either develop a player that they don't have to buy or they're able to sell the player (up or down a level) and get a return on investment.Capitalism in a nutshell. Greed knows no bounds.
Often get grouped up with dudes my age (middle age) playing golf and the conversation when it comes to their kids playing sports always often lead to the costs of playing. These guys are spending $10K+ per year per kid so their kids can be part of travel teams. That's unheard of when I was growing up.
A friend of mine runs a summer tennis camp. It's from 8-12pm every day for a week and he charges $3K
There are a lot of families out there who can afford spending this kind of money. But it's gonna hurt the overall sports youth development in the US if only rich kids can access this type of training.
Capitalism baby, what’s not to love? 
Copy Ninja
Superstar
The structure in Europe is different. I'm not an expert, but from my understanding, clubs have scouts who identify talent from an early age who they then recruit to join their academies free of charge. From then it's like you said, it's like an investment they can then capitalize later on.
In the US youth sports, it's overwhelmingly pay-to-play programs where kids/parents have to pay to get into club/travel teams.
To your point, yes they are both capitalism, but the model in the Europe is far better as far as nurturing talented youths.
without a doubt and i've argued that point many times on this forum. i was just responding to the claims about capitalism. our system sucks, but not because of capitalism. our professional sports system also doesn't lend itself to creating an environment where teams feel they can financially benefit from developing players. if our pro teams started developing players from 9 years old it would be out of charity almost and not for financial gain. they don't pay to acquire players, there is a draft after someone else has done the developing.
Read this article yesterday. Youth sports gentrification is being fast tracked with these private equity companies jumping in the fold.
Even if you want to put on a league or training for kids in the community, chances are you won’t be able to afford the cost to rent a private gym or field to do it. Or people with more money will just price you out.
The Iverson and Lebron path to the NBA, or even the more relatable path of kids from underserved communities going on to play college basketball at a D3 school are fading fast.
Even if you want to put on a league or training for kids in the community, chances are you won’t be able to afford the cost to rent a private gym or field to do it. Or people with more money will just price you out.
The Iverson and Lebron path to the NBA, or even the more relatable path of kids from underserved communities going on to play college basketball at a D3 school are fading fast.
Pretty much
Cooper Flagg is from New England, imagine he spent his entire basketball career to this point in the Celtics system, but now when it’s time to play in the NBA the Mavs get him for free
What’s the point? The Celtics would’ve done all that just for Dallas to swoop in and reap the benefits at no expense to them
I think you’d have to completely overhaul the way things are done in U.S. sports to make academies worth it for teams and they aren’t willing to do it
Easier to just bank on high school/AAU/college coaches doing the developing for you
the draft would have to go away first and foremost. next teams would have to pay to acquire players. that way there is a financial reward for developing players. so if teams had to pay (uncapped) someone stateside (a college, private group like OTE) like they do with international players (that's currently capped at 850k and grows by 25k each season) then the richest teams would snap up all the talent. this would then force a change by saying we need to develop players ourselves because these costs are ridiculous. similar to how currently small market teams can compete in an environment where they aren't attractive to free agents by drafting well. it has to be uncapped to buy a player from another entity because if it's capped then the developmental costs are fixed and still better than investing in your own academy. the profit motive is vital.
Most ppl don't know what they're talking about with their criticism of capitalism.
Capitalism is the reason your entire doesn't go through a govt system before they break you off with a lil bit.
Crony politics is the reason this capital firms got so big and could be argued to be anti capitalism how it kills competition in the market.
duckbutta
eienaar van mans
Private equity is everywhere.
The company I call to handle my plumbing and hvac, they got people leaving left and right. Asked a guy why the other day he said a private equity firm bought the company. Trying to turn them all into salesmen instead of plumbes and hvac techs.
Used to be when you called you talked directly to a person. Called earlier this year to get the maintenance check done on my ac and got the auto prompt that fukked up my request and transferred me to the wrong department.
The company I call to handle my plumbing and hvac, they got people leaving left and right. Asked a guy why the other day he said a private equity firm bought the company. Trying to turn them all into salesmen instead of plumbes and hvac techs.
Used to be when you called you talked directly to a person. Called earlier this year to get the maintenance check done on my ac and got the auto prompt that fukked up my request and transferred me to the wrong department.
yseJ
Empire strikes back
Im surprised PE didnt get their foot in the door for many other things, yet
anything that could be a short term value asset flip, youd think they probably will get their hands on.
pump up the value in short term, dont give a single fukk about people or business long term, resell. profit capitalism
anything that could be a short term value asset flip, youd think they probably will get their hands on.
pump up the value in short term, dont give a single fukk about people or business long term, resell. profit
capitalism
