The Conservative Cave
The Bar => Sports => Topic started by: BlueStateSaint on October 27, 2008, 05:36:40 PM
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It pervades everything . . .
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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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.