As sports team values soar into the billions, aging owners face mounting challenges from succession planning and taxes. The National Football League with an average team owner over 72, is particularly affected. Succession disputes and potential tax changes threaten smooth ownership transitions. Owners increasingly use sophisticated tools like family limited partnerships and irrevocable trusts to minimize tax impacts. Recent NFL policies allowing private equity investments in teams offer owners a way to maintain control while accessing liquidity.
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00:00It's Benzinga, and here's what's on the block.
00:02As sports team values soar into the billions, aging owners face mounting challenges from
00:07succession planning and taxes.
00:09The National Football League, with an average team owner over 72, is particularly affected.
00:15Succession disputes and potential tax changes threaten smooth ownership transitions.
00:19Owners increasingly use sophisticated tools like family-limited partnerships and irrevocable
00:24trust to minimize tax impacts.
00:26Even NFL policies allowing private equity investments in teams offer owners a way to
00:30maintain control while accessing liquidity.
00:32For all things money, visit Benzinga.com.