Reported about 8 hours ago
House Republicans' proposed tax legislation threatens to halve a lucrative tax break that allows sports team owners to shelter billions, drawing scrutiny after a ProPublica investigation revealed disparities in tax rates. The bill faces negotiation hurdles, and while the tax break will still benefit existing owners, future purchases might see diminished advantages, potentially impacting team valuations. Despite these changes, interest in sports franchise ownership is expected to remain among wealthy investors.
Source: YAHOO