Martin Kenney’s Post

PE buys up minor league baseball teams and then begins to work its magic agitating for local government subsidies. We have business school scholar after scholar write about the supposed "efficiency" etc. of PE investment, but what is really going on is not efficiency but asset stripping, crushing of labor, evasion of the law, and a constant demand for subsidies. https://lnkd.in/guWpR8Tz

Meet the Private Equity Firm Squeezing America for Baseball Stadium Subsidies

Meet the Private Equity Firm Squeezing America for Baseball Stadium Subsidies

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Charlie Colato

Data Janitor | Part-time Soldier | World's Okayest Runner | Gastronomic Adventurer

6mo

Great read. Never would’ve thought PEs would be in the business of sports

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