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United States: Proposed legislation to enhance deductibility of sports franchises

It has been reported that pending legislation in the US Congress, H.R. 4520, the "American Jobs Creation Act of 2004," would enhance deductibility of sports franchises. Sec. 685 of the proposed H.R. 4520 would let owners depreciate the entire value of sports franchises from their income taxes over a period of 15 years. This would include broadcasting contracts, player?s contracts and concessions. Today, only contracts of players can be written off, and only up to half a franchise's value and only for the duration of those contracts, generally just a few years. The provision is also in the Senate version of the Bill, and thus the sports provision may eventually very well be included in the compromise version of the bills.
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The editors of  the Journal Sports Law & Taxation are Professor Ian Blackshaw and Dr Rijkele Betten, with specialist contributions from the world's leading practitioners and academics in the sports law and taxation fields.

The Editors

Managing editor
Dr. Rijkele Betten

Consulting editor
Prof. Dr. Ian S. Blackshaw

Editorial board

Prof. Guglielmo Maisto
Maisto e Associati, Milano

Dr. Dick Molenaar
All Arts Tax Advisors, Rotterdam


Mr. Kevin Offer
Hardwick & Morris LLP, London

Mr. Mario Tenore
Maisto e Associati, Milano


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