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It is not.

Because the players don't want to risk losing their livelihoods (and, possibly, their lives) fighting a quite-likely losing battle against the owners, and because they know if they so much as get caught talking about it they'll be fired and blacklisted. They're gonna have to one day.

I wouldn't

Because players are the most mobile component? I'd want them owned by the city or the fan club, that way there is a benefit to the town its based in. The players are too mercenary to have a long enough horizon to benefit the club and its environs.