NFL Team Owners Faces Succession Battle and Surging Taxes Amid Soaring Values

2024-09-03 99

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.