How billionaire sports team owners are using a loophole to save millions in taxes

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CNBC Television published this video item, entitled “How billionaire sports team owners are using a loophole to save millions in taxes” – below is their description.

The latest tax expose from Propublica explains how Steve Ballmer, David Tepper, Dan Gilbert and other billionaire sports team owners save hundreds of millions in taxes every year by owning a team. CNBC’s Robert Frank reports.

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About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

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