Q. Let's buy the teams and have public ownership.
A. False: The situation in Green Bay is unique in sports. Leagues have rules to prevent it from happening again.
With NBA teams suffering operating losses it is imposible for a team to exist owned by the people in a city. Here, of course, it's even worse because the City of Seattle can't find the money to fix potholes, much less cover the operating losses of an NBA team.
Owners like Howard Shultz recover their losses when they sell the teams and that defeats the purpose of public ownership.
Of course that again assumes that the new owner would consider selling and that isn't apt to happen.
But, the NBA totally allows stock ownership systems. Both the Boston Celtics and the Cleveland Cavaliers.
So, what's stopping anyone from filing a corporation with the Secretary of State's office and selling stock to try to buy the Sonics. Nothing at all.
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