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Ownership · FranchiseFor Teams & Owners

Buying and Selling a Team

How franchise ownership really works: league approval, structure, diligence, and the deal

When you buy a team, you are applying to join a private club, and the members get to vote on whether they want you. The league is the gatekeeper, and it is looking at you as much as at your checkbook. This is a map of how it actually works, from what you are buying to how it all runs in reverse when you sell.

“The money is the easy part. The partners are the hard part.”

Brandon Leopoldus, Esq.
Buying and Selling a Team playbook cover
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What's Inside

15 Pages. 8 Sections. Plain Language.

  1. 01What you are actually buying: a membership interest in a joint venture
  2. 02The league is the gatekeeper: no sale closes without a vote
  3. 03The money rules
  4. 04Private equity enters the game: a limited partner, not a controlling owner
  5. 05The deal itself
  6. 06Governance and the control stack
  7. 07Selling: everything in this guide runs in reverse
  8. 08What to do next
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This playbook is educational. It is general information, not legal, tax, or investment advice for your specific situation, and reading it does not create an attorney-client relationship with Leopoldus Law, APC.

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