FootballZombie Posted June 23, 2023 Share Posted June 23, 2023 4 minutes ago, Voice_of_Reason said: I go back and forth. Either could be true. I think Wright hangs around for a while, even if you have his replacement in mind. Removing you head business guy a month b4 the season can cause problems in the same way removing a coach late in the cycle can derail a team on the football side. All the plans and pathways for the year are likely already laid out. Blowing that up could lead to an even bigger mess. Not enough time to make big changes this year. Might as well push to next season. 1 Link to comment Share on other sites More sharing options...
Est.1974 Posted June 23, 2023 Share Posted June 23, 2023 https://www.forbes.com/sites/mikeozanian/2023/06/22/harris-group-will-get-half-a-billion-dollars-of-tax-deductions-from-buying-washington-commanders/?sh=410cffb46de4 The pending $6 billion purchase of the Washington Commanders by a group led by Josh Harris could come with hundreds of millions of dollars in tax deductions. When a business is acquired, U.S. tax law requires that the intangible assets are amortizable for tax purposes under Sec. 197(a) “ratably over 15 years, beginning in the month of acquisition, regardless of the useful or legal life of the underlying assets.” For the purchase of a sports team, typically at least 80% of the price is allocated to intangible assets. For the sale of the Commanders, this would mean at least $4.8 billion could be written off (deducted from earnings) over 15 years. Link to comment Share on other sites More sharing options...
Rocky21 Posted June 23, 2023 Share Posted June 23, 2023 That expense is not the same as cash. Link to comment Share on other sites More sharing options...
Andre The Giant Posted June 23, 2023 Share Posted June 23, 2023 3 1 8 Link to comment Share on other sites More sharing options...
Conn Posted June 23, 2023 Share Posted June 23, 2023 Less than a month folks, hell yeah 6 Link to comment Share on other sites More sharing options...
lavar1156 Posted June 23, 2023 Share Posted June 23, 2023 July 20, 2023, A day that will live in infamy. 1 Link to comment Share on other sites More sharing options...
Spearfeather Posted June 23, 2023 Share Posted June 23, 2023 23 minutes ago, lavar1156 said: July 20, 2023, A day that will live in infamy. Something " infamous " is usually associated with a bad or wicked occurrence. Just saying. But, I know what you meant. 2 1 1 Link to comment Share on other sites More sharing options...
Andre The Giant Posted June 23, 2023 Share Posted June 23, 2023 League confirms 3 1 3 Link to comment Share on other sites More sharing options...
Riggo#44 Posted June 23, 2023 Share Posted June 23, 2023 20 minutes ago, Spearfeather said: Something " infamous " is usually associated with a bad or wicked occurrence. Just saying. But, I know what you meant. 5 3 Link to comment Share on other sites More sharing options...
Chris 44 Posted June 23, 2023 Share Posted June 23, 2023 1 hour ago, Conn said: Less than a month folks, hell yeah So in practical terms when can we expect the Harris group to have "ownership" and be able to officially take over? I cant imagine July 20 being when they can actually implement anything. Link to comment Share on other sites More sharing options...
just654 Posted June 23, 2023 Share Posted June 23, 2023 3 minutes ago, Chris 44 said: So in practical terms when can we expect the Harris group to have "ownership" and be able to officially take over? I cant imagine July 20 being when they can actually implement anything. I might be wrong here. But once that votes happens and it passes. That is it Harris is officially the owner. Now how long will it take him to make changes, I would say not until after the this season. I am sure they will have some sort of ceremony week 1 at fedex Link to comment Share on other sites More sharing options...
Chris 44 Posted June 23, 2023 Share Posted June 23, 2023 11 minutes ago, just654 said: I might be wrong here. But once that votes happens and it passes. That is it Harris is officially the owner. Now how long will it take him to make changes, I would say not until after the this season. I am sure they will have some sort of ceremony week 1 at fedex Guess Im looking for when is the presser where he says "this club belongs to me"! Link to comment Share on other sites More sharing options...
FootballZombie Posted June 23, 2023 Share Posted June 23, 2023 2 minutes ago, Chris 44 said: Guess Im looking for when is the presser where he says "this club belongs to me"! It belongs to Harris when he is ratified. Walton was approved Aug 9th and had his welcome press conference on the 10th 6 1 Link to comment Share on other sites More sharing options...
Conn Posted June 23, 2023 Share Posted June 23, 2023 20 minutes ago, Chris 44 said: Guess Im looking for when is the presser where he says "this club belongs to me"! I would guess a presser would come mere days after the ratification. So assuming that happens on the 20th, not long after Link to comment Share on other sites More sharing options...
Number 44 Posted June 23, 2023 Share Posted June 23, 2023 1 hour ago, lavar1156 said: July 20, 2023, A day that will live in infamy. 54th anniversary of the moon landing. 2 2 Link to comment Share on other sites More sharing options...
RFK Lives Posted June 23, 2023 Share Posted June 23, 2023 "This is getting rid of one small "man" and one giant leap for fankind" 1 4 2 Link to comment Share on other sites More sharing options...
NoVaSkins21 Posted June 23, 2023 Share Posted June 23, 2023 The dawning of a new day is around the corner. Can’t come soon enough 1 Link to comment Share on other sites More sharing options...
RVAskins Posted June 23, 2023 Share Posted June 23, 2023 46 minutes ago, Conn said: I would guess a presser would come mere days after the ratification. So assuming that happens on the 20th, not long after Happy Thanksgiving. 4 1 Link to comment Share on other sites More sharing options...
spjunkies Posted June 23, 2023 Share Posted June 23, 2023 5 minutes ago, RVAskins said: Happy Thanksgiving. 2 1 Link to comment Share on other sites More sharing options...
Corcaigh Posted June 23, 2023 Share Posted June 23, 2023 17 hours ago, Voice_of_Reason said: I could be wrong. But just from @Est.1974’a post, it feels more like an accounting exercise rather than cash to spend…. It's an expense they can offset against profits to lower taxes owed. So the organization gets to keep more of the profits. 1 Link to comment Share on other sites More sharing options...
PigskinRedskin Posted June 23, 2023 Share Posted June 23, 2023 2 hours ago, Number 44 said: 54th anniversary of the moon landing. 3 1 Link to comment Share on other sites More sharing options...
SoCalSkins Posted June 23, 2023 Share Posted June 23, 2023 7 hours ago, lavar1156 said: July 20, 2023, A day that will live in infamy. The 3 biggest revolutions took place in July. Independence Day July 4, Bastille Day in France July 14 and the ousting of Dan Snyder July 20. 1 1 5 Link to comment Share on other sites More sharing options...
Andre The Giant Posted June 23, 2023 Share Posted June 23, 2023 2 3 Link to comment Share on other sites More sharing options...
Rocky21 Posted June 24, 2023 Share Posted June 24, 2023 July 20th. Emancipation Day! 2 2 Link to comment Share on other sites More sharing options...
Riggo#44 Posted June 24, 2023 Share Posted June 24, 2023 2 hours ago, Rocky21 said: July 20th. Emancipation Day! Julyteenth will be the last day of Snyder. 2 Link to comment Share on other sites More sharing options...
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