NFL Succession Planning/Estate Tax

[Luvnit2]

I am not a billionaire, but I do have some experience with passing on a business to my family. MB has had over 20 years to pass on ownership. I am guessing, Katie already owns at least 25% of the ownership. If so, is business is valued at 4 billion, she owns 1 billion dollars in company stock.

An acountant may value the business a lot lower than the so called experts projecting value.

If Kate owns 25% and other family members own 20%, that leaves MB with 55%. Katie would use her 25% ownership leverage to purhase MB's 55% (value of 2.1 billion).

The 2.1 billion would be taxed to Mike Brown, not to Katie or the team. The tax bill would be paid out of MB's sale proceeds to Katie. Any money in MB" estate from his personal assets + sale - taxes likely will go to Katie. Katie can use this money to put in escrow to pay her loan, or choose to get a smaller loan.

Again, I am no expert, but MB is over 90 years old and a lawyer. My hunch is they have ownership succession planned and have been working on transfer of ownership for last 20 years and maybe longer.

My experience is while liviing, I retired and sold ny business to my children. My tax liability was extremely low because we had a 20 year plan of transfer of ownership each year.