Is a sports stadium owned by the owner of the team? or the city? like the oakland raiders and oakland A's the teams have different owners but share the stadium! i thought the stadium would have a seperate owner than the team but someone told me that the owner of the team has rights while they use it ... is that true?
2007-04-03 06:56:42 · 10 answers · asked by Marcia 1 in Sports ➔ Football (American)
Not necessarily owned by the owner...Usually, the stadium is owned by the state or local government, because taxes were used to build it, depending on how the stadium was funded...
There are owners, such as Bill Gates' co-founder partner of Microsoft, Paul Allen, who owns the Seattle Seahawks and the Portland Trailblazers(NBA)...He built an arena with his own money for the Trailblazers...I don't think he owns the Seahawks home stadium personally...I think the state and city own it...
2007-04-03 09:04:30 · answer #1 · answered by Terry C. 7 · 0⤊ 0⤋
That isn't true. Idiotically enough, most of the sports stadiums in the US are mostly paid for by the local government, so the stadium is owned by the government and the sports team then rents the stadium from the government. For example, the City of San Diego owns Qualcomm Stadium and the Chargers lease it from the city. However, it varies team by team.
2007-04-03 09:45:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Most of the time, the city owns the stadium. Besides private donations and grants, city-generated taxes pay for most of the construction of a stadium. Because of this, the stadium belongs to the city (most of the time; private corporations could claim ownership for the right price, I guess).
2007-04-03 07:20:55 · answer #3 · answered by Tim D 2 · 0⤊ 0⤋
McAfee Coliseum and the Oracle Arena are jointly owned by City of Oakland and Alameda County.
2007-04-03 08:28:12 · answer #4 · answered by AznGuy 5 · 0⤊ 0⤋
The town
2007-04-03 07:03:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The bank.
2007-04-03 07:01:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It can be owned by anyone
2007-04-03 07:31:48 · answer #7 · answered by pete999 2 · 0⤊ 0⤋
donald trump
2007-04-03 08:33:28 · answer #8 · answered by JOEY WHEELS 3 · 0⤊ 0⤋
It depends on how it was built?!
2007-04-03 06:59:21 · answer #9 · answered by Chad K 7 · 0⤊ 0⤋
I own them, all of them, dont question.
2007-04-03 07:13:12 · answer #10 · answered by Scott Linehan fanclub... 2 · 1⤊ 1⤋