Quote:
Originally Posted by hooskins
Although great conceptually, there are a ton of issues with publically owned teams. If there is too much public say, bad decisions result. Governments are also forced to make more team based decisions, which leads to wasteful spending.
See many european soccer clubs/teams for examples.
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There are definitely drawbacks to public ownership. Advocates of private ownership argue that team owners assume tremendous financial risk, putting up large amounts of money and taking on debt. Conceptually, this is true; in practice, the financial risk is minimal. NFL ratings continue to soar, delivering a reliable audience in an otherwise fragmented media era.
Not coincidentally, franchise values also continue to rise. Located in a city of just 102,000 people, the Packers have an estimated worth of $1 billion.