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Thread: Jazz holding a press conference today.

  1. #1
    Administrator U-Ute's Avatar
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    Jazz holding a press conference today.

    No word as to why.

  2. #2
    Administrator U-Ute's Avatar
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    She started out by talking about the arena. New arena?

  3. #3
    Administrator U-Ute's Avatar
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    Jazz ownership going into a trust controlled by the Miller family.

  4. #4
    So essentially even if we want them to go away they'll be here forever?

  5. #5
    Administrator U-Ute's Avatar
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    Quote Originally Posted by The Thrill View Post
    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.

  6. #6
    Quote Originally Posted by U-Ute View Post
    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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