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.
Which is 20% of the amount of TDs he scored as a Packer.