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Yes they were...Wendy was hot as a pistol too!
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Lol. I was thinking the same exact thing.
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Damien Lewis was also very good in Homeland ..Then they killed his character off
ZOMBIE@CTESPN
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Years ago on the offish message board before it was shutdown there was a loser homer named dabears54 that actually understood tax law. When George died the estate tax skipped a generation so when Virginia dies the tax will be due. I forgot who the minority owner is but it’s pretty much a done deal he’s a billionaire and will buy out the team when that happens. Again this isn’t me knowing this it was info from a poster back in the day
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Chicago Staleys
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So 20% of the team is currently owned by non-McCaskeys. If Virginia’s shares are split 11 ways...who would be majority owner??
WestCoastBearsFan
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pat ryan! he would actually have the most shares as an individual when her shares are split 11 ways.
ZOMBIE@CTESPN
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That’s the other owner! He’s a multi billionaire that made his money and not leaches like mccaskeys. But he’s old af
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And the majority will want to cash out with none of them being able to or with the desire to buy out the other unless that one owner wants to do so. Team is worth a lot but the dividends are not a big deal. They'll sell and cash out as has been speculated for decades.
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Andrew McKenna is also an owner
WestCoastBearsFan
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only problem is he would need to somehow acquire 10% additional shares to be considered an “owner” by the NFL.
TexasBearfan
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basically the gist of the article was that the Bears should be a top 5 value in their market and they're really not great at growing their revenue base
WestCoastBearsFan
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plus you actually save money by selling instead of inheriting
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God, I hope not. I guess it could be worse as far as owners go. But it doesn't seem like it could be much worse.
I say that as an Indians fan who's owner decided that a $22 million payroll this season is good enough.
I say that as an Indians fan who's owner decided that a $22 million payroll this season is good enough.
Chicagosports89
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Hasn't Virginia been raking in money for like 50 years off the team that would also be passed onto the kids?
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have you guys seen horrible bosses? I wish George was like that coke sniffing Bobby Pellitt.
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Bears are going nowhere. Virginia gifted her 80% stake to her children and grandchildren years ago. The exact percentages are not known hence why people just report that she has an 80% stake.
At the time of transfer she would have paid gift tax based on the valuation at the time which was under 1 billion. So really doesnt become an issue until the children start dying. Even then it can pass to the spouse tax free to provide time to plan things in advance.
If they have good tax guys, you pretty much can plan transfers of ownership in a way that spreads out the tax bill over time.
At the time of transfer she would have paid gift tax based on the valuation at the time which was under 1 billion. So really doesnt become an issue until the children start dying. Even then it can pass to the spouse tax free to provide time to plan things in advance.
If they have good tax guys, you pretty much can plan transfers of ownership in a way that spreads out the tax bill over time.
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So when Virginia dies the team will be controlled by Pat Ryan? There is no way Virginia is going to allow that to happen. 1 of the shares Virginia split up must be larger than Pat’s to remain in control.
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You would think it would be common sense in knowing that they have a plan for this. I guess not for some...
46plank
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The only way they sell is if they want to. The family didn’t get this wealthy being unprepared or stupid
