Published November 2, 2017
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Tax Writeoffs and the Value of Sports Teams
- Creators
- Davis, Lance E.
- Quirk, James P.
Abstract
Because of IRS treatment of player contracts, purchase of a professional sports team offers a special tax shelter to investors. The effect of the tax shelter on valuation of a team is summarized, together with an analysis of current rates of return that can be earned from investing in "average" teams in baseball, football, and basketball. This paper addresses the problems posed in evaluating a professional sports team as a potential vehicle for investment. These problems arise because of the special tax sheltering advantages of team ownership.
Additional Information
Published in Management Science Applications to Leisure Time Operations, edited by S. Ladany. Amsterdam: North Holland Publishing Co., 1975.Attached Files
Submitted - sswp55.pdf
Files
sswp55.pdf
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Additional details
- Eprint ID
- 82852
- Resolver ID
- CaltechAUTHORS:20171101-145325783
- Created
-
2017-11-02Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 55