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Tax Writeoffs and the Value of Sports Teams

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 (Unpublished)

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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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URLURL TypeDescription ItemPublished Chapter
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
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82852
Deposited By: Jacquelyn Bussone
Deposited On:02 Nov 2017 19:42
Last Modified:03 Oct 2019 18:59

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