How Much Is a Home Team Worth?
By Louisa Thomas••The New Yorker
As wealthy owners threaten to relocate their franchises to secure stadium subsidies, a new bill, the Home Team Act, which is co-sponsored by Bernie Sanders, aims to give cities a fairer chance at keeping them at home. Louisa Thomas writes.
Team owners, of course, reject this kind of analysis. Stadium funding doesnt come directly out of school budgets but through mechanisms such as hotel and alcohol taxes and state lotteries. Owners arg…