Bain Capital and its cheerleading company "agreed to pay $82.5 million to settle a class action lawsuit"

Sportico:

In addition to the financial terms, Varsity Spirit has agreed to do away with certain programs that the plaintiffs alleged harmed market competition. For example, cheerleaders have previously been required to attend Varsity-run cheer camps to be eligible to compete in Varsity’s year-end national championships. Per the settlement, Varsity would no longer make this a requirement.

Similarly, the settlement’s prospective relief would address Varsity’s “Stay Smart” policy that requires cheer teams participating in Varsity events to stay at certain area hotels, which the plaintiffs alleged Varsity received kickbacks from. 

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[The settlement] comes almost exactly a year after Varsity agreed to pay $43.5 million to settle another antitrust suit

"The governing body of cheerleading isn’t the NCAA. It’s governed by whatever company you’re going to compete at"

Vulture interviewed the coaches from Trinity Valley Community College about appearing in season two of Netflix's "Cheer":

I’ve seen some questions about eligibility, with people asking how team members can keep coming back again and again, even though most community colleges are just two years. Can you explain?

Khris Franklin: The governing body of cheerleading isn’t the NCAA. It’s governed by whatever company you’re going to compete at. The basic rule is that you have five total years of eligibility, and you can split them up however you like. Eligibility is determined by if you got to compete that year or not. So you can spend as many as three years at a junior college, and you’ve got a total of five years of overall eligibility. So you could do one year at junior college and four years at a four-year school. 

Also at Vulture:

[One of the featured cheerleaders from season two] said [a cheer apparel] brand disinvited her to the scheduled Cheer cast meet and greet on January 30, as well as upcoming cast appearances at the NCA All-Star Championship and Cheersport competitions. ‘Their reason for this was my language in the show was bad and I don’t fit their brand,” [she] wrote. “She told me, ‘Moms won’t want their daughters taking pictures with you.”’

"The Navarro cheerleaders concuss themselves with a smile"

Jia Tolentino on Netflix's Cheer:

Navarro has won fourteen of the last twenty national championships; its members mainly compete against one another, vying for a position “on mat,” meaning that they’ll get to perform at Daytona. (Navarro has one real rival, the team at Trinity Valley Community College, which happens to be just down the road.)

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Although the Navarro cheerleaders are some of the best college athletes in the country, they are not, as of this writing, so much as mentioned on the Wikipedia page for Corsicana

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La’Darius, a prodigious all-around talent whose saucy game-day cheering went viral in 2018, seems harsh and mercurial until we learn that, as a child, he was left to defend himself from abuse while his mom was incarcerated, and he understandably resents cheerleaders who have always had the money for private coaching and travel fees. Lexi, a vaping raver with long platinum hair, a stoner affect, and a history of violence, can tumble with such limitless stamina that it feels unreal, as though you were watching a character in a video game.

Also shoutout to 11-year-old me pic.twitter.com/nespVMO53k

— Jia Tolentino (@jiatolentino) January 16, 2020