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Major Shift: As cost of youth sports grows, Congress eyes regulation of private equity
['Jamal Walker', 'Cronkite News']
Tucson Weekly
Such regulation of community facilities would be unusual for Congress to assert and is not included in the Let Kids Play Act.
He cited the Covelli Centre in Youngstown, in his district, which received more than $1.2 million for renovations from Black Bear Sports Group.
Murphy called Black Bear a vulture investor at a May 13 news conference for the Let Kids Play Act.
Black Bear was founded in 2015 by Florida-based investor Murry Gunty and his firm, Blackstreet Capital Holdings.
Black Bear, which owns the Atlantic Hockey Federation that Rider plays in, has exclusive rights to record games in that facility.