David Glass Passes Away

[JohnnyV13]

Originally Posted by Mecca

Guess that would explain that quick sell.

Yeah. I can imagine that his heirs didn't want to run the team collectively like the Hunt siblings. Instead, they probably wanted to cash out and split the $$$.

This was likely accomplished as a limited partnership, with the cash held there. With limited partnerships, when one partner dies it dissolves the partnership without creating a tax impact.

That's how sports teams get passed without triggering massive estate taxes.