Succession, Taxes Impact Sports Ownership

This is a news story, published by CNBC, that relates primarily to Roger Goodell news.

Roger Goodell news

For more Roger Goodell news, you can click here:

more Roger Goodell news

football news

For more football news, you can click here:

more football news

CNBC news

For more news from CNBC, you can click here:

more news from CNBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best sport news, business news, entertainment news, and much more. If you like football news, you might also like this article about

many billionaire team owners

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Sports team owners news, Professional sports owners news, football news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

NFL Team Valuations list

CNBC

•

Soaring sports team values create new pressure for owners on taxes, succession

Summary

Nutrition label

74% Informative

Sports team owners facing pressure from two of the oldest certainties in American wealth: death and taxes.

Succession and taxes have become especially important in the National Football League , where the average age of team owners is now over 72 .

CNBC 's Official 2024 NFL Team Valuations list, ranking all 32 professional franchises, will be released Thursday .

The NFL last week voted to allow select private equity firms to buy minority stakes in teams, giving owners and their families a chance to draw down cash that they could then reinvest in their teams or invest in nonsports assets to better diversify all while keeping control. "I think it's an appropriate thing to give the teams that liquidity to reinvest in the game and to their teams," NFL Commissioner Roger Goodell said in making the announcement..

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful