Billions of dollars flow through youth sports... but where does it all go? ⚽️ 🥅
A 2022 article by The Washington Post highlights a critical issue in youth sports: financial mismanagement.
The story covers the Bend FC Timbers, a large soccer club in Oregon, which serves as a cautionary tale of what can go wrong without proper oversight. Allegations of embezzlement involving over $80,000 have divided the community, sparking lawsuits and fracturing the club’s once-strong unity.
This case is a prime example of how unchecked financial practices can have devastating impacts on both the organization and the families involved.
But unfortunately, this isn’t an isolated or unique case.
As youth sports grow into a $19 billion industry, financial oversight often lags behind. Many organizations, run by volunteers, lack proper checks and balances, leading to financial scandals.
From soccer to wrestling clubs, embezzlement cases have popped up across the U.S., reminding the community how vital financial transparency and strong governance are for maintaining trust and keeping youth sports safe.
For those managing sports organizations, it’s a clear call to ensure sound financial practices are in place. At Players Health, we’re committed to protecting organizations both on and off the field, ensuring safe, secure environments for kids.
To read more about the state of finances in the US youth sports community, check the first comment for the article link.
#YouthSports #FinancialTransparency #SportsLeadership #PlayersHealth