How private equity ate youth sports

Today, Explained

Big investors are pouring money into kids' sports and parents say it’s ruining the game.

This episode was produced by Danielle Hewitt, edited by Miranda Kennedy, fact checked by Hady Mawajdeh and Gabriel Dunatov, engineered by David Tatasciore and Bridger Dunnagan, and hosted by Noel King.

The Curaçao Region from Willemstad celebrates winning the 2026 Little League Baseball World Series Championship against the Mountain Region from Henderson, Nevada at Lamade Stadium on August 30, 2026 in Williamsport, Pennsylvania. Photo by Emilee Chinn/Getty Images.

Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. New Vox members get $20 off their membership right now. Transcript at ⁠⁠vox.com/today-explained-podcast⁠.⁠

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Big investors are pouring money into kids' sports and parents say it’s ruining the game.

This episode was produced by Danielle Hewitt, edited by Miranda Kennedy, fact checked by Hady Mawajdeh and Gabriel Dunatov, engineered by David Tatasciore and Bridger Dunnagan, and hosted by Noel King.

The Curaçao Region from Willemstad celebrates winning the 2026 Little League Baseball World Series Championship against the Mountain Region from Henderson, Nevada at Lamade Stadium on August 30, 2026 in Williamsport, Pennsylvania. Photo by Emilee Chinn/Getty Images.

Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. New Vox members get $20 off their membership right now. Transcript at ⁠⁠vox.com/today-explained-podcast⁠.⁠

Learn more about your ad choices. Visit podcastchoices.com/adchoices

2026-09-08 25 min
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