But the reality is these companies don't come in and make massive investments in the infrastructure. They come in and squeeze profit out of the league. I think we all and Senator Booker talked about this. I think we all want there to be more public investment in youth sports, especially for kids who live in poorer neighborhoods. (30:34–30:39)
CLAIM
Asserts that private equity companies focus on extracting profits from leagues rather than investing in them.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
