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Would you buy a sports team with your mega millions winnings?
Posted on 10/23/18 at 6:56 pm
Posted on 10/23/18 at 6:56 pm
I’d look into it for sure!
12
Posted on 10/23/18 at 6:57 pm to TechDawg2007
Not enough. Maybe like a xfl team or something you could afford.
Posted on 10/23/18 at 6:59 pm to TechDawg2007
You would need more than double what you end up taking home
Posted on 10/23/18 at 7:01 pm to LSUsmartass
Hell no. 
Posted on 10/23/18 at 7:01 pm to TechDawg2007
I would buy a Northwoods League franchise.
Posted on 10/23/18 at 7:02 pm to TechDawg2007
I’d buy a lot of shite but nothing as needy as a sports team. Seems like a hassle.
But I might pay Saban to retire.
But I might pay Saban to retire.
Posted on 10/23/18 at 7:13 pm to TechDawg2007
You could probably buy a percentage
Posted on 10/23/18 at 7:58 pm to TechDawg2007
As long as I could hold a majority and make decisions undisputed. First thing I’m doing is trading Julio and deon Jones to the saints
Posted on 10/23/18 at 8:05 pm to TechDawg2007
NFL is the biggest tax shelter there is. FWIW, they wouldn't let Trump in. It's a fraternity that you can't join unless you are already in the right circles.
Posted on 10/23/18 at 8:07 pm to TechDawg2007
quote:
I’d look into it for sure!
You'd end up with like $500 million cash and all these teams are $2 billion or more. You couldn't even get a majority stake.
Posted on 10/23/18 at 9:02 pm to TechDawg2007
Everyone can buy a share of the Green Bay Packers for $250.
Posted on 10/23/18 at 9:06 pm to TechDawg2007
You might be able to get a shitty nba team or a nhl team, but even the worst ones would take all of the winnings to buy. And banks probably wouldn’t lend the rest of the money to some guy that won the lottery and has no real business history
Posted on 10/23/18 at 9:07 pm to TechDawg2007
Nope nope nope. I don't need that hassle
Posted on 10/23/18 at 9:12 pm to Btrtigerfan
quote:
NFL is the biggest tax shelter there is. FWIW, they wouldn't let Trump in. It's a fraternity that you can't join unless you are already in the right circles.
Well they ain’t letting a lot of black owners in.
Posted on 10/23/18 at 9:19 pm to Btrtigerfan
quote:
NFL is the biggest tax shelter there is. FWIW, they wouldn't let Trump in. It's a fraternity that you can't join unless you are already in the right circles.
Small dick Trump has always been a small dick.
Posted on 10/23/18 at 9:20 pm to Btrtigerfan
quote:
NFL is the biggest tax shelter there is.
Nope.
The NFL makes as close to zero profit as possible and recently gave up its tax-exempt status because it just wasn't worth it.
The individual teams get all the money and (with the exception of Green Bay) are taxed as partnerships. The NFL itself is legally separate and is just a pass through entity.
Posted on 10/23/18 at 9:29 pm to AlonsoWDC
Posted on 10/23/18 at 9:35 pm to TechDawg2007
You'd have enough to become majority owner of the Pelicans after taxes based on Forbes evaluation
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