Rumors- Ralph Wilson Jr. Sold Buffalo Bills to Avoid Taxes

by Steve MacDonald

bills helmetFrom Facebook. (Rumors…)

A conglomeration including Jim Kelly, Thurman Thomas, and, very likely, Donald Trump and Bob Rich have purchased the Buffalo Bills from Ralph C. Wilson, Jr. for an unknown sum, probably in the $800Million to $1Billion range. Wilson is said to have sold based on the expectation that both estate taxes and capital gains taxes will rise significantly beginning January 1, 2013 under the new fiscal cliff agreement.

Wilson is said to have sold based on the expectation that both estate taxes and capital gains taxes will rise significantly…”

And the Bill’s have kind of sucked since Kelly and Thurman left the team.   Just saying.

This is still a rumor, but the reason for selling is sound.

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  • … and a group of investors bought the team notwithstanding the prospect of higter taxes in the future.

    If Wilson shut the team down altogether, you might have a story.

    • He was still making money but he was old and if he died the tax increases would force his family to sell the team to pay them. So he sold before the tax increased and left his family the benefit of a life’s hard work instead of giving it to the government and leaving them with a fraction.

      That is the story.

  • Close, but you’re slightly off base (Trump? Wtf?). Here… http://www.spinitreacts.com/2012/12/thurman-thomas-on-bills-it-is-on-like.html

    • A Facebook rumor was close?

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