Question

In the sports structure of the US, ownership of the majority of organized teams and leagues is in the hands of?

1) private enterprise
2) public entities
3) mixed private and public entities
4) none of the above

Answer 1

In the US sports structure, the majority of organized teams and leagues are owned by private enterprise, with entities ranging from sole proprietorships to corporations.

Step-by-step explanation:

In the sports structure of the US, ownership of the majority of organized teams and leagues is predominantly in the hands of private enterprise. This includes various forms of private business such as sole proprietorships, partnerships, and corporations. In this system, individuals or groups own teams and have the capacity to operate these entities separately from government control. Public ownership in sports is less common, although there are notable exceptions where teams are owned by public entities or feature a mixed ownership model. Nonetheless, the overarching trend in the US sports industry leans heavily towards private ownership, contributing to the competitive nature of sports leagues as well as to the economy at large.