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NFL owners have made millions off obscure tax break

The tax code has been very, very good to sports team owners. A little-known tweak to IRS rules in 2004 has allowed new owners to write off nearly all of the purchase price of their teams against profits over 15 years. The tax break has supercharged the increase in values of all professional sports teams, experts said. For NFL team owners, the tax break has added roughly 5 percent to team values — or about $122 million, based on an average franchise value of $2.44 billion, according to Forbes. The tax break, and others, and how each NFL owner has benefited from them came into focus this week after President Trump — as part of a long-running battle with the league and its players over kneeling during the national anthem — tweeted ...