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The Home Team Act of 2026 prohibits professional sports leagues from banning community or public ownership of franchises and requires franchise owners to offer local governments, nonprofits, and community cooperatives a right of first refusal to purchase a team before relocating it across state lines or eliminating it. The bill establishes a Treasury Department appraisal process to determine fair market value for such purchases, with appraisals reduced by any government subsidies previously provided for stadium construction. Violations are subject to daily civil penalties of $30,000 and private lawsuits by local governments.
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