Sanders bill would force team owners to sell to local buyers before moving

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. During the one-year notice period, local communities would have the opportunity to purchase the team at a fair market price. Sanders...