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Why Would Someone Want to Buy a Sports Franchise?

Posted on August 25, 2010 by Caleb Newquist

“Because of the way the value of sports franchises generally appreciates each year in the marketplace, each owner is in it for the holy grail, and that is to sell the team eventually when they realize very nice capital gains.”

~ Brian Beerman of Beerman, Piper & Associates LLP insists that championships are NBD.

Posted in Quote of the DayTagged Baseball, capital gains, Sports franchises

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“In the recently-released 2011 State Business Tax Climate Index, New Jersey finally moved out of its last-place ranking on that list, in part due to Christie’s veto of the millionaires’ tax he mentioned during his interview. While it still ranks a pretty dismal 48 out of 50, it proves that improvement is possible, even in a state with a tax policy legacy as historically abysmal as New Jersey’s.” [Tax Foundation]

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“Could you buy me a cup of coffee? Inmates aren’t allowed to touch money or approach the machines. They could put me in solitary for a week.”

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Quote of the Day: Ms. Schapiro, Your Response? | 03.23.10

  • Caleb Newquist
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“The S.E.C. seems more interested in needlessly investigating market participants rather than uncovering corporate malfeasance and protecting investors.”

~ Greenlight Capital Press Release addressing the Commission’s failed investigation of Allied Capital.

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