Confidence in Katie?

[Luvnit2]

(02-05-2018, 12:26 AM)RagnarLothbrok Wrote: 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. 

Any tax is paid by the out going owner, the new owner actually gets huge tax benefits early in most sales. There are ways to structure the deal making her the majority owner (51%) as well. That majority is all she needs to be in charge of all final decisions.

The new tax law may also benefit the Brown family in the event of death.