Soaring sports team values pressure owners on taxes, succession

From CNBC: 2024-09-03 08:00:01

The NFL is seeing team values soar, but owners are facing pressure from death and taxes. Succession is critical in the league, where the average owner age is over 72. Tax planning is key with estates over $13.6 million now taxed at 40%. Private equity firms can now buy minority stakes in teams.



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