Sports team ownership

Sports team ownership refers to the individuals or entities that hold financial and operational control over a professional sports franchise. Owners are responsible for decisions related to team management, finances, and overall strategy. They can range from private individuals, families, or corporations. Ownership often involves significant investment, as teams require funding for operations, players, facilities, and marketing. In return, owners may receive profits from ticket sales, merchandise, and broadcasting rights. Ownership can influence a team's success and community engagement, making it a critical aspect of the sports industry.