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[Seattle Times] 15 years after moving Sonics, now it’s the Thunder asking for publicly funded arena
(www.seattletimes.com)
this post was submitted on 20 Oct 2023
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How fun would it be to have a city owned team? Residents get to vote on a team owner and GM? All profits from the team get sent back to the city? All the players and team staff are technically city employees.
Isn't college football a great example of how this doesn't work out?
Not at all? Players don’t own the NCAA or individual schools.
It’s not owned by the city per se, but the Green Bay Packers are like this. I’m a shareholder and we vote on the board who appoints the president who then acts as our owner in meetings and stuff. They can never move and if they’re disbanded all assets go to charity.
This form of ownership was banned by the NFL, but the Packers are grandfathered in.
they banned it? what a bunch of scumbags
There’s a couple membership-owned teams. In North America the biggest one is Green Bay Packers, in Europe Barcelona and Madrid are both members-owned.