Shifting from one ownership model to another requires in-depth planning, more disclosure, more transparency, a greater emphasis on research, more financing options, and more on-time funds. But, when done well, it can result in substantially better results.
When soccer teams take over from private owners, stadiums get sold, cities grow in population, and revenues rise. This is why several leagues are rethinking what it takes to make controlling control of a franchise a viable alternative to private ownership, something that will only become more prevalent as non-gaming sites continue to be added to the landscape.
The New York Chapter of the National Football League’s Management Council, which is currently in the midst of its annual meeting in Nashville, is taking on these issues. It is making progress on several fronts, including more ways to ensure the team owners adhere to the rules and on-time funds, and the proposal of a new collective bargaining agreement that would exclude any owner of two of three teams from ruling over the third franchise in a market.