Not sure if I phrased the question right, but what makes me ask is the Utah Jazz basketball team. I know they used to be in New Orleans (I’m almost sure) where having a team called Jazz made more sense, but now they are based in Utah, which I only associate with Mormons abs MLMs. Couldn’t someone in Utah have just made up a new team instead of buying an existing one? Same with the Giants.
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Teams operate as franchises within leagues. The league (meaning a vote of existing owners) has to approve any new teams being added, as well as sales, relocations, etc. One cannot unilaterally decide to start a team and force their way into a professional league like the NBA. They would either need to acquire an existing team for a price agreed to by the current owner (and meet league guidelines for assets/liquidity to keep team running), or would have to petition the league for an expansion franchise and pay a franchise fee to the league.
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