 The league is looking to add new ownership groups as it transitions to a model in which squads are based in home cities. Previously, all Big Three teams played in different cities, with none being associated with a specific market. The Big Three owned all of its teams when it formed in 2017. It has since put all 12 squads on sale, with investors acquiring the teams in Los Angeles and Miami. The league is also considering expanding to 16 teams. With a Bloomberg Business of Sports report, I'm Michael Barr.