Steelers up for sale?

lonewolf · Post by **lonewolf** » Tue Jul 08, 2008 4:08 pm

The WSJ reports:

http://online.wsj.com/public/article/SB ... 33575.html

CNBC commentary:

http://www.cnbc.com/id/25586803

CCdrums · Post by **CCdrums** » Tue Jul 08, 2008 4:44 pm

That kind of sucks doesn't it?

Banned · Post by **Banned** » Tue Jul 08, 2008 5:02 pm

Frickin democrats and their greed for more taxes is behind this. Keep your slimey hands off of our money, and these problems would not be happening.

DirtySanchez · Post by **DirtySanchez** » Tue Jul 08, 2008 7:46 pm

undercoverjoe wrote:Frickin democrats and their greed for more taxes is behind this. Keep your slimey hands off of our money, and these problems would not be happening.

I like where this is headed. LOL!!!

Bo Duke · Post by **Bo Duke** » Tue Jul 08, 2008 8:07 pm

That does suck!

Post by **Ron** » Tue Jul 08, 2008 8:20 pm

undercoverjoe wrote:Frickin democrats and their greed for more taxes is behind this. Keep your slimey hands off of our money, and these problems would not be happening.

After reading the article, I could have sworn the situation stemmed from the Rooney bros. wanting to do different things with the franchise. Thanks for setting everyone straight.

DrumAndDestroy · Post by **DrumAndDestroy** » Tue Jul 08, 2008 8:22 pm

Ron wrote:
undercoverjoe wrote:Frickin democrats and their greed for more taxes is behind this. Keep your slimey hands off of our money, and these problems would not be happening.
After reading the article, I could have sworn the situation stemmed from the Rooney bros. wanting to do different things with the franchise. Thanks for setting everyone straight.

Ron...you must learn to read between the lines on these kinds of things

Post by **Ron** » Tue Jul 08, 2008 9:05 pm

DrumAndDestroy wrote:
Ron wrote:
undercoverjoe wrote:Frickin democrats and their greed for more taxes is behind this. Keep your slimey hands off of our money, and these problems would not be happening.
After reading the article, I could have sworn the situation stemmed from the Rooney bros. wanting to do different things with the franchise. Thanks for setting everyone straight.
Ron...you must learn to read between the lines on these kinds of things

Agreed!

Banned · Post by **Banned** » Tue Jul 08, 2008 9:22 pm

Ron, put your glasses on and read this:

EVERYTHING IS BIGGER IN TAXES.

In the next three years, I believe that more high profile sports teams will be sold than ever before. Why? Because of the estate tax repeal in 2010 and even sooner than that, the potential of a huge increase in capital gains taxes if Barack Obama becomes our next president.

Let’s focus on the latter first.

A capital gains tax is a tax on the profit from a sale of something. Currently, if an owner sells a team, he’ll have to give 15 percent of the profit back to the government in capital gains. But under Obama’s current plans, that number could rise to as much as 28 percent, meaning that the money paid to the government after the sale of the team might double by next year.

Let’s say the Rooneys could get $1.3 billion for the Steelers. Factoring in everything they pumped into the team, let’s say their profit is $600 million. Selling it now vs. if Obama is in office could mean the difference of nearly $80 million.

The second tax aspect that affects sales is the estate tax, which is the government’s charge for passing down businesses to family members. In 2010, for just that year, the estate tax is repealed, so many of the wealthy--including sports team owners--are hoping to make it to Jan. 1, 2010 and die before Jan. 1, 2011, so that their team can be passed down through the family without a charge.

The above was from the link provided in the original post by Lonewolf.

Post by **Ron** » Tue Jul 08, 2008 9:44 pm

undercoverjoe wrote:...many of the wealthy--including sports team owners--are hoping to make it to Jan. 1, 2010 and die before Jan. 1, 2011, so that their team can be passed down through the family without a charge.

Ha ha ha ha ha ha ha. Thanks for making my day.

Banned · Post by **Banned** » Wed Jul 09, 2008 12:16 am

Ron wrote:
undercoverjoe wrote:...many of the wealthy--including sports team owners--are hoping to make it to Jan. 1, 2010 and die before Jan. 1, 2011, so that their team can be passed down through the family without a charge.
Ha ha ha ha ha ha ha. Thanks for making my day.

So you think Mr. Rooney is trying to die before Jan.1, 2011?????????

DirtySanchez · Post by **DirtySanchez** » Wed Jul 09, 2008 12:47 pm

undercoverjoe wrote:
Ron wrote:
undercoverjoe wrote:...many of the wealthy--including sports team owners--are hoping to make it to Jan. 1, 2010 and die before Jan. 1, 2011, so that their team can be passed down through the family without a charge.
Ha ha ha ha ha ha ha. Thanks for making my day.
So you think Mr. Rooney is trying to die before Jan.1, 2011?????????

Who isn't? lol

On Jan. 2nd 2011 all democrats are gonna turn into giant ant-eaters and kill the human race as we know it. Plan accordingly. Sorry for blowing your cover Hawk, They needed to know.

lonewolf · Post by **lonewolf** » Wed Jul 09, 2008 2:53 pm

More news:

http://sportsillustrated.cnn.com/2008/f ... ref=si_nfl

Killjingle · Post by **Killjingle** » Fri Jul 11, 2008 3:48 am

I wonder what Art would think?

Darth Raider · Post by **Darth Raider** » Fri Jul 11, 2008 3:50 am

now you will join the darkside and together we will end this suffering for Raider fan

metal_junky · Post by **metal_junky** » Fri Jul 11, 2008 12:39 pm

GO GIANTS!

f.sciarrillo · Post by **f.sciarrillo** » Fri Jul 11, 2008 3:25 pm

undercoverjoe wrote:
Ron wrote:
undercoverjoe wrote:...many of the wealthy--including sports team owners--are hoping to make it to Jan. 1, 2010 and die before Jan. 1, 2011, so that their team can be passed down through the family without a charge.
Ha ha ha ha ha ha ha. Thanks for making my day.
So you think Mr. Rooney is trying to die before Jan.1, 2011?????????

We are all going to be dead in the year 2012 anyhow, so what does one year early mean ?? lol

Bloodsong · Post by **Bloodsong** » Sat Jul 12, 2008 2:25 pm

if the Rooneys sell and Al Davis from the Raiders ever steps down, the old guard of the NFL will be gone forever . they're definately a different type of owner and somewhat less corporate in that they seem to stick to a more personal philosophy about players and who they want representing their team (Steelers with largely ignoring free agency and using the draft to bring in hard nosed low key players and Al Davis bringing in wayward badasses that everyone else has given up on). it would be shame to see either step down cause they add some flavor to the league and seem to really care about the product and what it means to their respective areas. it doesn't seem like all business to them. only Jerry Jones fits that catergory now.

Killjingle · Post by **Killjingle** » Sat Jul 12, 2008 3:20 pm

only Jerry Jones fits that catergory now

It wasnt always that way. But I definitely agree you now.