White Sox Interactive Forums
Talking Baseball

Go Back   White Sox Interactive Forums > Baseball Discussions > Talking Baseball
Home Chat Stats Register Blogs FAQ Calendar Mark Forums Read

Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 06-20-2013, 09:06 PM
vinny's Avatar
vinny vinny is offline
WSI Church Elder
Join Date: May 2009
Location: The Village Formerly Known as Niles Centre
Posts: 3,998
Default How much is Twins franchise worth? It depends...

...on who you ask.

The estate of Carl Pohlad filed a petition with the U.S. Tax Court on Tuesday because the estate disagrees with the IRS as to how much Pohlad's interest in the Twins is worth.

Pohlad owned a non-voting 52.2% interest in MT Sports LLC, which in turn owned a 99% non-voting interest in Minnesota Twins LLC (i.e., the team). Pohlad also owned 95.5% interest (10% of the voting shares and 100% of the non-voting shares) in Twins Sports Inc., which owns 100% of the voting interest in Minnesota Twins LLC. The other 90% of the voting shares in Twins Sports was held by his three sons.

Pohlad's estate valued his entire interest in the team at $24 million. The IRS valued it at close to $300 million.

You're not going to find this online right now unless you have access to Westlaw or something. Maybe Deadspin will pick it up.
Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -5. The time now is 03:39 PM.

Design by: Michelle

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Site-specific editorial/photos Copyright ©2001 - 2008 White Sox Interactive. All rights reserved.