Something to remember
Posted: Tue Sep 03, 2019 9:03 pm
50626E6E7A486B626F6A6562030 wrote: One thing that stops me short in conversations like this is that if Bob Nutting wanted to sell the team, he could and probably within a month be a literal billionaire. If it were just about making money he'd do that.
Not really.
A couple things to consider:
1) if he can sell the team and net $1B, he is already and in fact a billionaire.
2) if someone suddenly has $1B In “cash”, that money would need to be reinvested. What better investment than an MLB team?
3) his $1B is clearly generating a huge return, both in income and appreciation.
4) if he “nets” $1B, he will owe $200,000,000 in capital gains taxes.
Not really.
A couple things to consider:
1) if he can sell the team and net $1B, he is already and in fact a billionaire.
2) if someone suddenly has $1B In “cash”, that money would need to be reinvested. What better investment than an MLB team?
3) his $1B is clearly generating a huge return, both in income and appreciation.
4) if he “nets” $1B, he will owe $200,000,000 in capital gains taxes.