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Author Topic: Wayne Huizenga wants to sell Dolphins before Barack Obama raises tax  (Read 1095 times)

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Offline BlueStateSaint

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Wayne Huizenga wants to sell Dolphins before Barack Obama raises tax
« on: October 27, 2008, 05:36:40 PM »
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Wayne Huizenga wants to sell Dolphins before Barack Obama raises tax

By Sarah Talalay | South Florida Sun-Sentinel
3:26 PM EDT, October 27, 2008

Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision.

That's because a Barack Obama administration is expected to mean higher capital-gains taxes.

"He wants to double the capital gains tax, or almost double it," Huizenga said. "I'd rather give it to charity than to him."

Ross purchased 50 percent of the team and Dolphin Stadium for $550 million earlier this year with the intention he would eventually become majority owner. NFL owners approved the eventual transfer this month, meaning it can take place anytime.

More at the link . . .

http://www.sun-sentinel.com/sports/football/pro/dolphins/sfl-flspdolwayne27sboct27,0,1382404.story

He says that he'll keep a 5% stake in the team.
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Offline NHSparky

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Re: Wayne Huizenga wants to sell Dolphins before Barack Obama raises tax
« Reply #1 on: October 27, 2008, 07:06:16 PM »
What does that tell you?  And BTW--don't think for a second he wouldn't pass those higher taxes onto the people who put their butts in the seats.
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