Monday, November 01, 2004

Tax Loophole for Professional Sports Teams

In Sunday's Trib Bob Verdi discusses a tax loophole that will add dollars to the bottom line of all sports franchises. Will the Cubs add this money to their 2005 payroll? Hmmm.

1 comment:

Anonymous said...

Actually, Bob is correct on his assesment that teams will be able to writeoff the value on their books over a 15 year period but this won't affect the Cubs. It will affect teams that were recently purchased at a high markup up like the Boston Red Sox.