American sports and franchise cricket like IPL are said to be franchise league while football (soccer) has club based leagues. So how do they actually differ)
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When you “own” a team in a franchise league, you don’t actually own the team. What you own is the *rights* to operate that team, and those rights can be taken away. For example, in the American professional basketball league, an owner can be forced to sell their team by a majority vote of the other owners.
In a club-based league, you actually own the team.
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