There have occasionally been (completely wishful) proposals in the U.S. to have a team's IP (the name, logos, record, etc, basically the whole team's 'identity'

There have occasionally been (completely wishful) proposals in the U.S. to have a team's IP (the name, logos, record, etc, basically the whole team's 'identity') belong to a city or a public corporation representing the region they draw their fanbase from.