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View Full Version : Dolphins Owner Wants To Sell Before Obama Raises Taxes



Perilloux
10-27-2008, 04:17 PM
DrudgeReport Headline: Dolphins owner wants to sell before Obama raises capital gains tax; 'I'd rather give it to charity than to him'...
Updated: 3:26 p.m.

Wayne Huizenga wants to sell Dolphins before Barack Obama raises tax (http://www.sun-sentinel.com/sports/football/pro/dolphins/sfl-flspdolwayne27sboct27,0,1382404.story)
By Sarah Talalay | South Florida Sun-Sentinel
3:26 PM EDT, October 27, 2008

Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision. That's because a Barack Obama administration is expected to mean higher capital-gains taxes.

"He wants to double the capital gains tax, or almost double it," Huizenga said. "I'd rather give it to charity than to him." Ross purchased 50 percent of the team and Dolphin Stadium for $550 million earlier this year with the intention he would eventually become majority owner. NFL owners approved the eventual transfer this month, meaning it can take place anytime.

"If you do it this year or you do it next year, the difference is humongous because of the taxes," Huizenga said. Huizenga vows to maintain a 5-percent stake in the team.

"It's been 19 years and after 19 years, it's kind of time," he said. "I don't want to be one of those owners who gets real old and hangs in there, we know some of those stories already, I don't want to be one of those guys."

Bubba Dawg
10-27-2008, 06:20 PM
This could turn around the election!!!

Obama has a Loser Tax. :D

...runs and hides...

YupItsMe
10-27-2008, 10:00 PM
As a Dolphins fan. He might want to think about selling quick. They've won three games now. That's 3 times more than last year. This might be the highpoint of the season. :o

Bubba Dawg
10-27-2008, 10:10 PM
As a Dolphins fan. He might want to think about selling quick. They've won three games now. That's 3 times more than last year. This might be the highpoint of the season. :o

Bah. Humbug.

It ain't about the owner. Never has been. Never will be.

I remember the Dolphins of Griese, Csonka, Morris, Warfield...

Undefeated. Super Bowl.

The Fins will be back.

F**k the owner. All the asshole's got is money.

We're the ones who've got heart.

Nuff said.