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2 weeks ago |
cnbc.com | Michael Ozanian |Mike Ozanian
Your PrivacyWe and our partners collect information from your device, such as device identifiers, IP address, and your browser type to personalize and deliver content, marketing and advertising—across devices and platforms; for analytics and measurement, so we can improve our services and develop new ones; to match and combine offline data with your online activity; and for social features. We share this information with selected partners with your consent.
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2 weeks ago |
cnbc.com | Michael Ozanian |Mike Ozanian
Julia Koch attends Blaine & Paul Wilmot Celebrate Behind The Blue Door: A Maximalist Mantra By John Demsey Book Party in New York, on Nov. 9, 2023. Patrick McMullan | Getty ImagesInvestor Julia Koch is looking into buying a limited partnership in the NFL's New York Giants, a person familiar with the matter confirmed to CNBC. About a year ago, Koch bought a 15% stake in BSE Global, the parent company of the NBA's Brooklyn Nets, WNBA's New York Liberty, and Barclays Center.
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1 month ago |
cnbc.com | Michael Ozanian |Mike Ozanian
CNBC's Official Global Soccer Team Valuations 2025 are based on revenue and earnings before interest, taxes, depreciation and amortization, or EBITDA, figures for the most recent fiscal year. CNBC's valuation results for the European teams are for the 2023-24 season, and for Major League Soccer teams, results are for the 2024 season.
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1 month ago |
cnbc.com | Michael Ozanian |Mike Ozanian
The world's 25 most valuable soccer teams are worth an average of $2.76 billion, according to CNBC's Official Global Soccer Valuations 2025. On average, the 25 most valuable teams generated revenue of $520 million and earnings before interest, taxes, depreciation and amortization, or EBITDA, of $54 million last season, according to CNBC's valuations. For the 22 European teams on CNBC's list, figures are for the 2023-24 season.
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1 month ago |
cnbc.com | Michael Ozanian |Mike Ozanian
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RT @fightoracle: Morgan Stanley released a research report on the only publicly traded MLB club - the Atlanta @Braves $BATRK. They break…
Tax expert Bob Willens: “The ability to amortize intangible assets acquired in connection with the acquisition of a sports franchise reduced the "effective cost" of the franchise by about 13 to 15%. If this change gets enacted, the cost reduction will be approximately 6-7%.”
The tax bill released by the House today reduces the deductions an owner can obtain on the purchase of a sports franchise and related assets in the purchase by 50%. In other words, only 50% of the amortization tax deductions currently available would be allowed.
The tax bill released by the House today reduces the deductions an owner can obtain on the purchase of a sports franchise and related assets in the purchase by 50%. In other words, only 50% of the amortization tax deductions currently available would be allowed.
