I've had idle thoughts on this. Not much precedent. MLB once kicked out the St. Louis Browns owner, but he had IRS charges against him. Anyone else?
NBA kicked out the Cleveland owner back in the 80's for being in cahoots with Lakers owner. Different can of worms. Donald Sterling was a different case.
NFL made Washington owner sell the team, but there were other social considerations.
Has any owner ever been shitcanned just for having lousy, inept organizations?