Sen. Bernie Sanders (I-VT) and Rep. Greg Casar (D-TX) introduced legislation on Thursday requiring professional sports team owners to give local governments and investors a chance to buy their teams before relocating.
Dubbed the Home Team Act, the bill would limit team owners from moving their franchise across state lines or into new metro areas without first giving local investors the opportunity to purchase the team. It would require owners to provide at least a year’s notice before relocating.
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“Sports in America should be about more than just making billionaire owners even richer,” Casar said in the press release. “Far too many Americans know the pain of losing a team, and far too many communities have had to fork over billions in subsidies just to keep an already profitable team home. Our bill is about creating a level playing field so leagues work for fans and taxpayers, not just owners.”
During the one-year
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