SBJ/September 27 - October 3, 2004/SBJ In Depth

Rules of the deal

The following describes the leagues’ policies on new owners for teams.

MLB
Transfers of 5 percent or more of a team require approval by the owners.

NBA
Transactions involving 10 percent or more of a team require approval from the board of governors.

NFL
All changes in team ownership require approval by the owners, regardless of the size of the deal.

NHL
Transactions involving 10 percent or more of a team require approval from the board of governors.

Sources: The leagues

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