02-05-2018, 12:26 AM
(02-04-2018, 11:53 PM)Luvnit2 Wrote: Does anyone know for sure? I don't believe this is public knowledge. She may already own 49% of the team which makes tax ramifications not so bad.
There has to be some sort of tax regardless. If she legitimately takes over the team as an owner she would have to either purchase the team from Mike (which she likely cannot afford straight up), she would have to inherit it (but I think we are assuming that she takes ownership before he passes away), or she would be gifted the team (which I don't know if they can legitimately do that).
I just saw the thread and got curious about it because depending on different things, Katie might not be running the team.