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NFL ownership percentage change aimed at keeping teams in families
Steep estate taxes make it difficult to pass a team from one generation to another, and the new threshold could help.
theathletic.com
NFL owners voted Tuesday to lower the minimum percentage of a team that a longstanding owner must control from 5 percent to 1 percent, a nod to skyrocketing franchise valuations and the difficulty that trend places on keeping teams in families. And in particular, teams whose core holdings are the team itself.
“Considering that it’s only for long-standing ownership families, I think that it relates to the need to give them (the Giants and Bears) structures that they’re going to be able to make work if they want to stay in the league,” he said.