New York S09845 mandates professional sports franchise owners to offer their franchise for sale before relocating or eliminating it.
New York S09845, known as the Home Team Act, requires professional sports franchise owners to offer their franchise for sale before relocating or eliminating it. Owners must provide proper notice of relocation or elimination at least six months prior to the action. The notice must include details such as the proposed new location, reasons for the move, and the effective date. The comptroller must then establish a team of appraisers to evaluate a fair price for the franchise.
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