It operates like a public company. But the NFL, other major league sports, they have strict ownership rules. So how would you go about this? Look, at the end of the day, These major leagues are able to exist because of federal legislation. They basically exist across the country and have certain protections because the federal government basically helps make sure that they say set up. (03:59–04:05)
CLAIM
Asserts that federal legislation enables the existence of major leagues.
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