August 23, 20223 yr 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.
August 23, 20223 yr 1 hour ago, Dick Allen said: Don't get your hopes up. It's Arte Moreno. Dude spent a ton with no results.
August 23, 20223 yr 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?
August 23, 20223 yr 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
August 23, 20223 yr 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.
August 23, 20223 yr 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, 20223 yr by The Mighty Mite
August 23, 20223 yr 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.
August 23, 20223 yr 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, 20223 yr by The Mighty Mite
August 23, 20223 yr 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?
August 23, 20223 yr 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.
August 23, 20223 yr 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.
August 23, 20223 yr 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.
August 23, 20223 yr 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
August 23, 20223 yr 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.
August 23, 20223 yr 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...
August 23, 20223 yr 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
August 23, 20223 yr 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.
August 23, 20223 yr 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.
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.