NY S03096

Prohibits professional sports team owners from relocating a team's home games away from a publicly-owned or publicly-supported facility without either obtaining agreement from the local government or providing six months' advance notice.

During the six-month notice period, requires team owners to offer the local government the opportunity to purchase majority ownership (over 50%) of the team, grant the government first refusal rights to purchase the team, or allow local residents to purchase the team.

Defines "facility" broadly to include stadiums, arenas, practice fields, and related infrastructure such as parking, roads, restaurants, and recreational areas.

Requires any new stadium financed with 51% or more public money to offer local and state government the opportunity to purchase majority ownership in the professional sports team using that facility.

Takes effect 30 days after becoming law, with regulatory implementation authorized to begin immediately.