They aren’t selling the team anytime soon. For starters the value of the team for tax reasons is based on what the last owner paid for or what it was worth at the time she got it from her father. They would have to pay capital gains on the difference which would be billions of dollars.
Once she dies the value rests and the majority owner assuming it’s George will have a new value. The taxes on the new value vs the sale price will be much lower as the gap will close.
What people don’t realize is the entire family works for the bears. Many have jobs you’ve never heard of. One grandson is in charge of food at Halas hall. Yes the family could sell and split the money up. But the reality is almost 100 family members are on the payroll and that’s not something they want to get away from.
They aren’t selling the team anytime soon. For starters the value of the team for tax reasons is based on what the last owner paid for or what it was worth at the time she got it from her father. They would have to pay capital gains on the difference which would be billions of dollars.
Once she dies the value rests and the majority owner assuming it’s George will have a new value. The taxes on the new value vs the sale price will be much lower as the gap will close.
What people don’t realize is the entire family works for the bears. Many have jobs you’ve never heard of. One grandson is in charge of food at Halas hall. Yes the family could sell and split the money up. But the reality is almost 100 family members are on the payroll and that’s not something they want to get away from.