Dolphins owner to sell if Barack Obama wins

[cupcake]

REPORT: HUIZENGA WILL SELL DOLPHINS TO ROSS THIS YEAR

Posted by Michael David Smith on October 19, 2008, 11:08 a.m. EDT
Dolphins managing partner Wayne Huizenga will finalize his sale of the team to co-owner Stephen Ross by the end of the year, Chris Mortensen of ESPN reports.
Huizenga sold part of the team to Ross early this year, and they’ve agreed that Ross will buy out Huizenga in the future. NFL owners voted unanimously on Tuesday to allow Huizenga to sell Ross up to 45 percent of the Dolphins at any date the two agree on.
Per Mortensen, that date will be December 30. The reason? Huizenga wants to set the date of the sale before the end of 2008 because he believes Barack Obama will be elected president and will implement tax policies that are less favorable to billionaires who sell their businesses.
Ross, meanwhile, is apparently selling part of the team himself. But he is expected to be the majority owner going forward.

His capital gains tax will go from 15% to 28%

[greysfang]

So what? The Dolphins are only worth about $5.99 nowadays, I really don't think tax on that will kill him.

[*DIVA!]

This is a joke....

[cupcake]

for fear of Barack Obama raising taxes
Obama campaign disputes figures

By Sarah Talalay | South Florida Sun-Sentinel 8:24 PM EDT, October 27, 2008
Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision.

That's because a Barack Obama administration is expected to mean higher capital-gains taxes.

"He wants to double the capital gains tax, or almost double it," Huizenga said.

Ross purchased 50 percent of the team and Dolphin Stadium for $550 million earlier this year with the intention he would eventually become majority owner. NFL owners approved the eventual transfer this month, meaning it can take place anytime

Its in the South Florida Sun Sentinel

[greysfang]

Originally Posted by cupcake

Ross purchased 50 percent of the team and Dolphin Stadium for $550 million earlier this year with the intention he would eventually become majority owner.

Irrefutable proof he's a fucking idiot.

[kingcap72]

He's been wasting money for years as the owner of the sorry ass Dolphins, but the fear of an Obama presidency will force him to sell his shares in the team.

[Fluffy]

Originally Posted by cupcake

for fear of Barack Obama raising taxes
Obama campaign disputes figures

By Sarah Talalay | South Florida Sun-Sentinel 8:24 PM EDT, October 27, 2008
Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision.

That's because a Barack Obama administration is expected to mean higher capital-gains taxes.

"He wants to double the capital gains tax, or almost double it," Huizenga said.

Ross purchased 50 percent of the team and Dolphin Stadium for $550 million earlier this year with the intention he would eventually become majority owner. NFL owners approved the eventual transfer this month, meaning it can take place anytime

Its in the South Florida Sun Sentinel

Guess we should go back to the Republican President Dwight Eisenhower's tax plan where any income earned above $3.2 million was taxed at 91%. Then we won't have outrageous prices for these sports teams, and average people will be able to afford getting season tickets.

[WesCAdle]

HaHaHa. And Art Rooney Jr majority owner of the Pittsburgh Steelers made Obama an honorary Steeler. I'm sure they are worth alot more than the Dolphins and the Steeler franchise are backing Obama.

[Little Wombat]

Originally Posted by cupcake

REPORT: HUIZENGA WILL SELL DOLPHINS TO ROSS THIS YEAR

His capital gains tax will go from 15% to 28%

Well, will he actually make any money off the sale? 'Cuz let's face it, it's the Dolphins.

And, secondly, if he does make money off it, I'm sure we're talking in the tens of millions of dollars. Poor Huizenga. The littlest violin in the world plays for him.

[LynnieD]

If we pooled our money together WE could probably buy the damn Dolphins now. Aren't worth shit.

Truly.....this guy needs his head examined. He been hanging out w/Ricky Williams or something?

[witchcurlgirl]

y'all just back off my fish


we've already won more games so far this year than we did all of last season

we're rebuilding

we actually can't wait till Huizenga is gone....he's a weasel

[greysfang]

Originally Posted by LynnieD

If we pooled our money together WE could probably buy the damn Dolphins now. Aren't worth shit.

Sorry, but we're already passing the hat for something much more worthy, a few strokes from Michael Phelps.

[TheONe]

I'm hoping that Al Davis follows suit. He needs to get out of my Raiders organization and allow them to return to winning form.

[LynnieD]

Originally Posted by greysfang

Sorry, but we're already passing the hat for something much more worthy, a few strokes from Michael Phelps.

Don't get too close to that kid, he's got the herp(per Ted C) ! Maybe the Fish are a better investment afterall!

[greysfang]

Originally Posted by LynnieD

Don't get too close to that kid, he's got the herp(per Ted C) ! Maybe the Fish are a better investment afterall!

Don't worry, we'll make him wear a wetsuit.