Law Commons^™

New Direction For Team Ownership? The Memphis Redbirds Baseball Foundation, Lloyd Hitoshi Mayer, Craig A. Sharon

Journal Articles

Consider every loyal sports fan’s worst nightmare. Your community invests millions of dollars to keep a professional sports team in town. Your local city and county governments not only provide various tax exemptions and subsidies, but they also build, expand, and maintain the team's stadium. But one day the voters balk at paying for a particularly expensive improvement. The team's owners are soon heard complaining that the community is not supporting the team. Rumors that the team will be sold or moved begin to circulate. Then the team calls a press conference to announce that it will be moving to …