Davis, Lance E. and Quirk, James P. (1974) Tax Writeoffs and the Value of Sports Teams. Social Science Working Paper, 55. California Institute of Technology , Pasadena, CA. (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20171101-145325783
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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.
| Item Type: | Report or Paper (Working Paper) | ||||||
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| Additional Information: | Published in Management Science Applications to Leisure Time Operations, edited by S. Ladany. Amsterdam: North Holland Publishing Co., 1975. | ||||||
| Group: | Social Science Working Papers | ||||||
| Series Name: | Social Science Working Paper | ||||||
| Issue or Number: | 55 | ||||||
| Record Number: | CaltechAUTHORS:20171101-145325783 | ||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20171101-145325783 | ||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | ||||||
| ID Code: | 82852 | ||||||
| Collection: | CaltechAUTHORS | ||||||
| Deposited By: | Jacquelyn Bussone | ||||||
| Deposited On: | 02 Nov 2017 19:42 | ||||||
| Last Modified: | 03 Oct 2019 18:59 |
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