Dick Allen Posted August 23, 2022 Share Posted August 23, 2022 Don't get your hopes up. It's Arte Moreno. Quote Link to comment Share on other sites More sharing options...
bmags Posted August 23, 2022 Share Posted August 23, 2022 I feel like this is bad news because it jumps the line but it's probably good news because it helps groups get their funding and story together in case a team opens up. 1 Quote Link to comment Share on other sites More sharing options...
hi8is Posted August 23, 2022 Share Posted August 23, 2022 😢 Quote Link to comment Share on other sites More sharing options...
pcq Posted August 23, 2022 Share Posted August 23, 2022 The Broncos were sold for $4.65 Billion. Hmmm Quote Link to comment Share on other sites More sharing options...
JoshPR Posted August 23, 2022 Share Posted August 23, 2022 1 hour ago, Dick Allen said: Don't get your hopes up. It's Arte Moreno. Dude spent a ton with no results. Quote Link to comment Share on other sites More sharing options...
Lip Man 1 Posted August 23, 2022 Share Posted August 23, 2022 33 minutes ago, JoshPR said: Dude spent a ton with no results. Wasn't he the owner when they got to and won the World Series in 2002 or was that someone else? Quote Link to comment Share on other sites More sharing options...
JoshPR Posted August 23, 2022 Share Posted August 23, 2022 19 minutes ago, Lip Man 1 said: Wasn't he the owner when they got to and won the World Series in 2002 or was that someone else? No. Moreno bought the team in May 2003 1 Quote Link to comment Share on other sites More sharing options...
Lip Man 1 Posted August 23, 2022 Share Posted August 23, 2022 4 minutes ago, JoshPR said: No. Moreno bought the team in May 2003 Thank you. Quote Link to comment Share on other sites More sharing options...
JoshPR Posted August 23, 2022 Share Posted August 23, 2022 3 minutes ago, Lip Man 1 said: Thank you. Yup no problem. Disney owned them then Quote Link to comment Share on other sites More sharing options...
The Mighty Mite Posted August 23, 2022 Share Posted August 23, 2022 I felt a tingle down my leg when I read the title of the thread.  2 Quote Link to comment Share on other sites More sharing options...
Chisoxfn Posted August 23, 2022 Share Posted August 23, 2022 I wonder if some of this is due to the stadium fiasco that happened (which was probably what he wanted to finish before selling and now he's ready to do sooner). Either way - good intentions as an owner but I for one (as an Angel fan) look forward to a new owner, whose first order of business should be to rebrand them and remove any affiliation of LA from the team name.  Quote Link to comment Share on other sites More sharing options...
Leonard Zelig Posted August 23, 2022 Share Posted August 23, 2022 Maybe someone will make JR an offer he can’t refuse. Quote Link to comment Share on other sites More sharing options...
The Mighty Mite Posted August 23, 2022 Share Posted August 23, 2022 (edited) 14 minutes ago, Chisoxfn said: I wonder if some of this is due to the stadium fiasco that happened (which was probably what he wanted to finish before selling and now he's ready to do sooner). Either way - good intentions as an owner but I for one (as an Angel fan) look forward to a new owner, whose first order of business should be to rebrand them and remove any affiliation of LA from the team name.  Exactly, they're in a different county for cripes sake. They should change their name to the Orange Crush. Edited August 23, 2022 by The Mighty Mite Quote Link to comment Share on other sites More sharing options...
Lip Man 1 Posted August 23, 2022 Share Posted August 23, 2022 2 minutes ago, Leonard Zelig said: Maybe someone will make JR an offer he can’t refuse. Not happening. He was offered twice by the guy who owns the South Bend Cubs (grew up a Sox fan) in 2008 and turned him down. To my knowledge that's the last time anyone approached him. As JR himself has said he's keeping the team until he passes unless his health declines or unless he loses so much money it is not worthwhile anymore. As I've been told the capital gains tax hit if he were to sell would be tremendous given the value of the team today compared to 1981 when he bought it. However the estate tax which comes into play if his family sells the club isn't as bad. Remember JR made his bones working for the IRS back in the day. He knows the tax laws.   1 Quote Link to comment Share on other sites More sharing options...
The Mighty Mite Posted August 23, 2022 Share Posted August 23, 2022 (edited) 10 minutes ago, Lip Man 1 said: Not happening. He was offered twice by the guy who owns the South Bend Cubs (grew up a Sox fan) in 2008 and turned him down. To my knowledge that's the last time anyone approached him. As JR himself has said he's keeping the team until he passes unless his health declines or unless he loses so much money it is not worthwhile anymore. As I've been told the capital gains tax hit if he were to sell would be tremendous given the value of the team today compared to 1981 when he bought it. However the estate tax which comes into play if his family sells the club isn't as bad. Remember JR made his bones working for the IRS back in the day. He knows the tax laws.   Never knew that he worked for the IRS, another reason to despise him. Edited August 23, 2022 by The Mighty Mite 4 1 Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 23, 2022 Share Posted August 23, 2022 1 minute ago, Lip Man 1 said: Not happening. He was offered twice by the guy who owns the South Bend Cubs (grew up a Sox fan) in 2008 and turned him down. To my knowledge that's the last time anyone approached him. As JR himself has said he's keeping the team until he passes unless his health declines or unless he loses so much money it is not worthwhile anymore. As I've been told the capital gains tax hit if he were to sell would be tremendous given the value of the team today compared to 1981 when he bought it. However the estate tax which comes into play if his family sells the club isn't as bad. Remember JR made his bones working for the IRS back in the day. He knows the tax laws.   What is the difference between the two? For example, the last valuation of the team was $1.76 billion. Let's say they were to sell for $2 billion tomorrow. One scenario is JR sells the team, the other is Michael sells the team after Jerry has already died at some point in the past. What are the tax implications for both capital gains versus inheritance tax? Quote Link to comment Share on other sites More sharing options...
JoshPR Posted August 23, 2022 Share Posted August 23, 2022 3 minutes ago, The Mighty Mite said: Never knew that he worked for the IRS, another reason to hate him. He was a tax lawyer for the IRS. He made his money in real estate. Pretty much taking advantage of laws and loopholes he knew about. Quote Link to comment Share on other sites More sharing options...
The Mighty Mite Posted August 23, 2022 Share Posted August 23, 2022 1 minute ago, JoshPR said: He was a tax lawyer for the IRS. He made his money in real estate. Pretty much taking advantage of laws and loopholes he knew about. I knew he made his money in real estate, too bad he didn't stay in Brooklyn. 1 Quote Link to comment Share on other sites More sharing options...
South Side Fireworks Man Posted August 23, 2022 Share Posted August 23, 2022 9 minutes ago, Lip Man 1 said: Not happening. He was offered twice by the guy who owns the South Bend Cubs (grew up a Sox fan) in 2008 and turned him down. To my knowledge that's the last time anyone approached him. As JR himself has said he's keeping the team until he passes unless his health declines or unless he loses so much money it is not worthwhile anymore. As I've been told the capital gains tax hit if he were to sell would be tremendous given the value of the team today compared to 1981 when he bought it. However the estate tax which comes into play if his family sells the club isn't as bad. Remember JR made his bones working for the IRS back in the day. He knows the tax laws.   I hope the fans stop supporting this organization with their hard earned dollars until JR loses so much money it's not worthwhile anymore. Maybe Arte Moreno could buy the Sox then. 1 Quote Link to comment Share on other sites More sharing options...
Kyyle23 Posted August 23, 2022 Share Posted August 23, 2022 3 hours ago, Dick Allen said: Don't get your hopes up. It's Arte Moreno. If you listened to Josh Nelson after the game yesterday on Twitter live, his sources were saying the same thing to him about Jerry after 2023 Quote Link to comment Share on other sites More sharing options...
fathom Posted August 23, 2022 Share Posted August 23, 2022 1 minute ago, Kyyle23 said: If you listened to Josh Nelson after the game yesterday on Twitter live, his sources were saying the same thing to him about Jerry after 2023 It’s what Eloy vs Wall tweeted the other day. One more year for Tony and Jerry. Quote Link to comment Share on other sites More sharing options...
Tnetennba Posted August 23, 2022 Share Posted August 23, 2022 11 minutes ago, fathom said: It’s what Eloy vs Wall tweeted the other day. One more year for Tony and Jerry. BARF Which means one more year of my interest and my dollars spent waning.  They just keep making it easier to hate everything about something you once loved... 1 Quote Link to comment Share on other sites More sharing options...
JoshPR Posted August 23, 2022 Share Posted August 23, 2022 If Tony was such a dear friend to Jerry as Jerry is to him he would Fucking step down... And advice his pal to let his baseball people run the show 1 Quote Link to comment Share on other sites More sharing options...
fathom Posted August 23, 2022 Share Posted August 23, 2022 1 minute ago, JoshPR said: If Tony was such a dear friend to Jerry as Jerry is to him he would Fucking step down... And advice his pal to let his baseball people run the show He’s a narcissist. I’m sure he thinks he’s the best option. 1 Quote Link to comment Share on other sites More sharing options...
DirtySox Posted August 23, 2022 Share Posted August 23, 2022 57 minutes ago, fathom said: It’s what Eloy vs Wall tweeted the other day. One more year for Tony and Jerry. I will endure another year of Tony if Jerry indeed sells. Please be true. Quote Link to comment Share on other sites More sharing options...
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