How can sports teams be bought and sold?

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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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Anonymous 0 Comments

Most likely, the Utah ownership moved the team to a market that supported basketball better than NO did, at the time they made the move. Not sure why they kept the name, though.

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