This may seem to be a bad time to consider owning a professional sports franchise. NBA owners are getting booted for making racially insensitive remarks. Owners in the NFL are feeling the wrath of sponsors that are threatening to bow out if players don't clean up their acts. 

However, at the end of the day, you probably wouldn't turn down a chance to own a piece of a a pro sports team. It's something that many sports fans dream about.

Soccer players

Even a top pro soccer team lets fans own shares. Image source: Getty Images.

Well, there is a way to own a piece of some popular franchises. You won't get skyboxes. There will be no opportunities to rub elbows with celebrities. However, if you play your cards right, you may be able to eventually sell your stake to another fan at a higher price. 

Let's go over a few pro teams with publicly traded parent companies. 

Liberty Media (NASDAQ:FWONA)
Liberty Media owns stakes in leading players behind satellite radio, concert promotions, and content creators. It also has full ownership of the Atlanta Braves and even owns five minor-league squads (the Gwinnett Braves, the Mississippi Braves, the Rome Braves, the Danville Braves, and the Gulf Coast League Braves) and a baseball training academy in the Dominican Republic. 

Turner Field, home turf for the Atlanta Braves, is not part of the deal. It's leased.

Running a team isn't cheap, especially given the ever-rising player salaries and demands for guaranteed payouts. When the year began, the Braves had $133 million in guaranteed contracts. However, the teams also make more money as they demand more out of broadcasters. 

Manchester United (NYSE:MANU)
Let's turn to soccer. Fans of the United Kingdom's iconic Manchester United soccer club got a chance to own a piece of the team when it went public at $14 a share two years ago. Soccer isn't as popular in the U.S. as other sports, but it's a pretty big deal worldwide. 

Manchester United recently wrapped up another blowout year. Commercial revenue rocketed up 24% in fiscal 2014, as the club signed three global sponsorship partnerships, nine regional sponsorship deals, and eight financial services and telecom partnerships along the way. Adjusted earnings grew even faster, soaring 51% for the year. 

The team points out that its number of Facebook followers has climbed from 34 million a year ago to 56 million today. With broadcasting revenue up 34% in fiscal 2014, it's safe to say that new domestic and international TV rights agreements are paying off. 

Madison Square Garden (NYSE:MSGN)
Now let's talk about a company with some skin in pro hockey and basketball. Madison Square Garden owns the namesake arena where the NBA's New York Knicks, the NHL's New York Rangers, and the WNBA's New York Liberty play. It also owns all three teams.

Madison Square Garden generates revenue from the teams through ticket sales and broadcasting rights. It also cashes in on the famous stadium when the venue isn't being used by one of its teams by hosting and renting it out for other events. Revenue climbed 16% in Madison Square Garden's fiscal year ending in June. 

Getting into the game
It should also be pointed out that the NFL's Green Bay Packers have been a publicly owned nonprofit corporation since 1923. However, owning a share is more of a keepsake than an investment. It does not appreciate in value, and there have only been five times -- 1923, 1935, 1950, 1997, and 2011 -- when the stock has gone on sale. 

In other words, it's largely fans -- and not investors -- grabbing a piece of the legendary Packers. There are 363,948 people owning a total of more than 5 million shares. They're not concerned that they hold stock that's not tradeable and lacks market value. They're not investors. They're not speculators. They're Cheeseheads.

Investors looking for a piece of a team with a shot at appreciation will want to stick with Liberty Media, Manchester United, or Madison Square Garden.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.