Soaring sports team values create new pressure for owners on taxes, succession
Publishing timestamp: 2024-09-03 10:44:18
Summary
NFL team owners are facing challenges in succession planning and taxes as team values soar and owners age. Succession plans can be complicated by family disputes and unexpected tax changes. Owners are exploring various tools to minimize tax impact and ensure smooth ownership transitions to the next generation. NFL also allows private equity firms to buy minority stakes in teams to provide liquidity for owners.
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Keywords: walmart inc, wealth, tom benson, business news, bud adams, sports, roger goodell, government taxation and revenue,
Source: https://www.cnbc.com/2024/09/03/soaring-sports-team-values-pressure-owners-on-taxes-succession.html