A growing number of private investment firms are pouring millions into youth sports, and critics say their capitalization of the athletic development of young people across the country goes too far. Every year, more multimillion-dollar companies buy the most competitive tournaments in popular sports like football, hockey, and baseball. In many cases, they are also building state-of-the-art training facilities, hiring top-notch coaches, and charging parents thousands of dollars in exchange for their children being able to participate. The increasingly lucrative…

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