Whoever buys the NFL’s Denver Broncos in what’s expected to be the most expensive team sale in U.S. sports history is in line for a tax write-off that could total as much as $3 billion, according to Sportico.
Under Internal Revenue Service rules, the new owner will be allowed to deduct intangible assets, which can amount to more than 90% of a sports team’s value, the online news site said in a
The write-off could reduce the team’s income tax burden by as much as $240 million annually for ...