Will Estate taxes Force Al Davis Family to Sell The Oakland Raiders?

18 Oct

Al Davis, the long-time principal owner and general manager of the Oakland Raiders, passed away this weekend at age 82. As Mike Ozanian of Forbes recently wrote, estate taxes are a huge concern for NFL football owners, including the Davis family.  Those taxes led to the sale of the St. Louis Rams in 2008 and the Miami Dolphins in the mid-90′s.

For those who pass away this year, the tax tops out at 35% for those with the highest level of assets, like Davis.  Too bad the Davis family wasn’t as lucky as the Steinbrenner family, which avoided the taxes altogether, since 2010 was the one year there were no estate taxes.

Read More at http://blog.trialandheirs.com/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: