How Team Owners Avoid Millions in Taxes

Franchise owners are some of the wealthiest Americans. Los Angeles Clippers owner Steve Ballmer’s net worth is estimated at more than $100 billion. He’s just one of the billionaires in ProPublica’s investigation on how teams are handled, when it comes to owners’ tax liability. Investigative reporter Robert Faturechi of ProPublica walks us through the tax code as it relates to franchise executives, and how they may wind up paying lower taxes by percentage than not only the players for whom they write their checks, but the workers at their arenas as well. Then Greg Wyshynski tells us how back-to-back Stanley Cup Champions the Tampa Bay Lightning are celebrating fresh off the ice, literally, with a limited-edition beer.

Learn more about your ad choices. Visit podcastchoices.com/adchoices