Key facts
- Eli Manning's firm Brand Velocity Capital is acquiring RCX.
- RCX is a youth sports company.
- A congressional bill has been proposed to ban private equity from youth sports.
Eli Manning's private equity firm, Brand Velocity Capital, has announced a deal to acquire RCX, a company focused on youth sports. This acquisition comes at a time when a congressional bill has been proposed that aims to prohibit private equity firms from investing in youth sports organizations. The move by Brand Velocity Capital signals a strategic bet on the youth sports market, despite potential regulatory headwinds.