The Super Bowl, The World Series, The NBA playoffs – most of us are thrilled to watch our favorite teams vie for the championship. But, did you ever stop and think about what it could be like to own a sports franchise? It can be as challenging as winning any ring or trophy!
In the current issue of Worth Magazine, MBAF’s wealth advisors explore the business side of sports, in a feature entitled, Is owning a sports team just like owning any other business? This article will give you a glimpse of the issues any high net worth individual would have related to owning, or investing as a partner, in a sports franchise.
For more than 20 years, Worth Magazine has been a trusted source for information relevant to the financial, legal and lifestyle issues unique to high net worth individuals. MBAF is proud to contribute to this valuable resource.
Taxation and compliance issues for high net worth individuals can be quite complex. If you would like to benefit from our expertise in these areas, or if you have further questions on this Advisory, do not hesitate to contact our Private Client Wealth specialists, or call us at 1-800-239-1474.