View Full Version : Jazz holding a press conference today.
U-Ute
01-23-2017, 01:36 PM
No word as to why.
U-Ute
01-23-2017, 01:36 PM
She started out by talking about the arena. New arena?
U-Ute
01-23-2017, 01:37 PM
Jazz ownership going into a trust controlled by the Miller family.
The Thrill
01-26-2017, 04:07 PM
So essentially even if we want them to go away they'll be here forever?
U-Ute
01-26-2017, 04:19 PM
So essentially even if we want them to go away they'll be here forever?
Not necessarily.
I don't think so. It just means that the trust owns the team, so the Miller family won't directly profit if it is sold. I believe if it is sold, the money goes back into the trust.
concerned
01-26-2017, 04:33 PM
Not necessarily.
I don't think so. It just means that the trust owns the team, so the Miller family won't directly profit if it is sold. I believe if it is sold, the money goes back into the trust.
Reading between the lines, I think the Millers did this to avoid the estate tax when Gail Miller dies. They would have had to sell the team to pay the tax is my guess.
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