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.
In: 4
Possibly. Adding a new team to a league is much more complex than moving a team, which is already difficult.
Adding a new team to the league requires a vote by the existing owners to expand the league. Since there is revenue sharing across the league, for some another team to bring it money would be a winning proposition. For others, it could dilute their market share.
Once the league approves the expansion there is the issue of finding someone to buy into the league with a new team and the time required to build everything out from front office to the field level. It’s not a quick process. The Seattle Kraken for example just started playing this year. The team was approved to be added in 2018.
On the other hand, moving a team will get approval from the league and can occur in a matter of a year. It can be done by the current ownership without a sale so it can be effect like any other business moving their home office from one city to another.
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