Wednesday, July 14, 2010

Wall Street Journal - How Steinbrenner Saved His Heirs a $600 Million Tax Bill

Very good article on how Mr. Steinbrenner may have saved his family big tax bill:

Side note - Mr. Steinbrenner bought the Yankees for $10 million in 1973; today Yankees are worth somewhere north of $1.6 billion (but worth is 95% leveraged due to debt from the new Yankee Stadium according to Forbes).

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