Bill would ban private equity 'vulture investors' from youth sports.
By Stephen Borelli
Published on May 13, 2026.
A federal bill, sponsored by Sen. Chris Murphy (D-Connecticut) and Rep. Chris Deluzio (P.Pennsylvania), would ban private equity firms from investing in youth sports teams, leagues, facilities, and events. The bill aims to reduce participation costs for families and restore control of a public good to local communities. It would require private equity companies to divest from their youth-sports businesses within two years, compensate community-based programs they harmed, and refund families charged "junk fees." The bill comes after investigations into Black Bear Sports Group's rapid consolidation of youth hockey in the Northeast and Midwest and the Dallas Stars' monopoly over youth hockey. Companies that violate the law could be forced to relinquish their earnings to a federal youth sports fund, which would be used to reduce costs, provide scholarships and keep local sporting venues free for community use.
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