Private investment in youth sports draws state, federal scrutiny

Private investment in youth sports, now a $40 billion industry, is facing scrutiny from state and federal regulators over anticompetitive practices. Michigan Attorney General Dana Nessel and Texas Attorney General Ken Paxton are investigating Black Bear Sports Group, the largest U.S. ice rink operator, for potentially raising costs and limiting choices in youth hockey. Families report spending thousands annually on sports, with critics arguing it excludes those who cannot afford the fees.