Private Equity Firms Monetize Youth Sports by Restricting Parental Recording Rights

There's an ironclad truism in youth sports: every parent turns into an ESPN 30 for 30 documentarian as soon as they have a video recording device in hand and their kid is in the game.

But in the world of corporatized youth sports, even this simple pleasure is being banned and monetized by Wall Street to extract as much profit.

In a scheme only private equity could dream up, parents now can't record their kids' games — but they can pay a steep price to watch corporate recordings.

Backed by Wall Street, the company Black Bear Sports Group is tightening its grip on youth sports.