{"id":2450824,"date":"2025-06-23T12:40:01","date_gmt":"2025-06-23T16:40:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-already-at-war-but-an-under-the-radar-one-with-billionaire-sports-owners-report\/"},"modified":"2025-06-23T12:44:23","modified_gmt":"2025-06-23T16:44:23","slug":"trumps-already-at-war-but-an-under-the-radar-one-with-billionaire-sports-owners-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-already-at-war-but-an-under-the-radar-one-with-billionaire-sports-owners-report\/","title":{"rendered":"Trump&#8217;s Already at War, But an &#8216;Under-the-Radar&#8217; One with Billionaire Sports Owners: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrumps-already-at-war-but-an-under-the-radar-one-with-billionaire-sports-owners-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2450824&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Donald Trump has been attempting too scale back a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dems-climate-bill-includes-massive-tax-break-for-mining-industry\/\" title=\"Dems\u2019 Climate ... Includes Massive ... For Mining Industry\">significant tax break<\/a> that benefits billionaire <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nfl-owner-gets-slapped-with-300k-fine-after-viral-incident-with-fan\/\" title=\"... owner fined 0K for viral incident with fan\">sports team owners<\/a>.This effort is part of a broader legislative push known as the &#8220;Big, Beautiful bill,&#8221; which proposes to halve the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-announces-radical-new-plan-for-car-loans-everyone-who-buys-american-will-be-affected\/\" title=\"... Announces Radical New Plan for Car Loans ... Everyone Who Buys American Will Be Affected\">existing tax deduction<\/a> for sports teams regarding &#8220;intangible assets&#8221; such as player contracts, media rights, and sponsorships, projected to cost team owners nearly $1 billion over the next decade. The provision has passed in the House but has been removed in the Senate, amidst lobbying efforts from NFL owners against its inclusion.<\/p>\n<p>The proposed changes have raised concerns among sports team owners, who argue it could reduce valuations and increase costs for fans. Trump has been vocal about wanting to end preferential tax treatment for sports teams, a stance heS had since at least 2017. White House representatives have asserted that the focus is on fairness for fans rather than punishment for team owners. Prominent team owners have reached out to members of Congress to advocate against the provision, emphasizing that it would disproportionately affect new owners rather than existing ones. Additionally, a poll suggests a majority of voters support the elimination of the tax break, highlighting a complex relationship between public sentiment and the interests of sports franchises.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><script>console.log(\"ad slot (REP_0)\")<\/script><\/p>\n<p>President Donald Trump has been quietly trying to eliminate a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-the-senate-gop-tax-plan-differs-from-the-house-bill\/\" title=\"How the Senate GOP tax plan differs from the ... ...\">major tax break<\/a> used by billionaire sports teams owners to save big bucks.<\/p>\n<p>In what <a href=\"https:\/\/www.axios.com\/2025\/06\/17\/trump-sports-team-owners-tax-break\" target=\"_blank\" rel=\"noopener\">Axios<\/a> has described as an &ldquo;under-the-radar fight,&rdquo; Trump has been pushing for the &ldquo;Big, Beautiful Bill&rdquo; to contain a provision that&rsquo;d reduce a decades-old tax break for sports teams by at least half.<\/p>\n<p>The tax break allows <a href=\"https:\/\/www.westernjournal.com\/mlb-owners-decide-fate-oakland-athletics-relocation\/\" target=\"_blank\" rel=\"noopener\">sports team owners<\/a> to write off all &ldquo;intangible assets&rdquo; such as player contracts, media rights, and sponsorships for 15 years.<\/p>\n<p>Under the president&rsquo;s proposal, owners would only be able to write off half of their &ldquo;intangible assets.&rdquo; This would cost them all close to an estimated $1 billion minimum total over 10 years, according to <a href=\"https:\/\/www.nytimes.com\/2025\/05\/26\/business\/house-budget-bill-taxes-sports-owners.html\" target=\"_blank\" rel=\"noopener\">The New York Times<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&#127963;&#65039; Proposed Tax Bill Targets Sports Team Owners<\/p>\n<p>President Trump&rsquo;s <a href=\"https:\/\/amzn.to\/3YuVZYV\" >newly approved tax bill proposes cutting<\/a> in half the tax deduction sports team owners can utilize for intangible assets like player contracts and sponsorships.<\/p>\n<p>This change, projected to generate $991 million in&hellip; <a href=\"https:\/\/t.co\/ujiGhila3E\">pic.twitter.com\/ujiGhila3E<\/a><\/p>\n<p>&mdash; The Playbook Digest (@tpbdigest) <a href=\"https:\/\/twitter.com\/tpbdigest\/status\/1927811070409986331?\">May 28, 2025<\/a><\/p>\n<\/blockquote>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The bad news for sports team owners was that the provision made it into the House version of the &ldquo;Big, Beautiful Bill&rdquo; <a href=\"https:\/\/www.westernjournal.com\/house-passes-big-beautiful-bill-narrowest-margins-several-republicans-oppose\/\" target=\"_blank\" rel=\"noopener\">passed last month<\/a>. According to Axios, however, the Senate has since stripped the provision from the bill.<\/p>\n<p>In addition, NFL team owners in particular were reportedly instructed during a meeting last week to call the senators in their home state and pressure them not to include the provision in the bill&rsquo;s final version.<\/p>\n<p>&ldquo;One team president, who spoke on the condition of anonymity because he feared potential fallout from the president, said that the provision &lsquo;felt punitive,&rsquo;&rdquo; according to the Times. &ldquo;President Trump, he and others said, wants leverage over the owners.&rdquo;<\/p>\n<p>White House spokesperson Harrison Fields disputed this framing.<\/p>\n<p>&ldquo;The president is committed to ensuring that sports teams overcharging ticketholders do not receive favorable tax treatment,&rdquo; he told the Times. &ldquo;His focus is on fairness for fans, not team ownership.&rdquo;<\/p>\n<p>Mark Weinstein, a partner at the law firm Hogan Lovells, told the Times that this would make sense if the provision were, as it would appear, aimed at all sports teams, not just the NFL.<\/p>\n<p>&ldquo;If it was just the NFL, then it leads to the conclusion it is punitive, right?&rdquo; he said. &ldquo;If it&rsquo;s all sports leagues, maybe there&rsquo;s some wiggle room. It&rsquo;s classic Trump, if you think about it, in that he might intend it to be punitive, but he presents it in a way &mdash; maybe it is, maybe it is not.&rdquo;<\/p>\n<p>The president has been targeting the NFL&rsquo;s tax breaks since at least 2017, around the time the &ldquo;take the knee&rdquo; protests erupted.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">President Trump calls for tax law changes to end the NFL&rsquo;s &ldquo;massive tax breaks&rdquo; <a href=\"https:\/\/t.co\/zZtMKV3k3J\">pic.twitter.com\/zZtMKV3k3J<\/a><\/p>\n<p>&mdash; FOX &amp; Friends (@foxandfriends) <a href=\"https:\/\/twitter.com\/foxandfriends\/status\/917723394618966017?\">October 10, 2017<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Axios, a number of prominent sports team owners have been &ldquo;pushing&rdquo; for Congress to not include the provision in the &ldquo;Big, Beautiful Bill,&rdquo; including Cleveland Browns owner Jimmy Haslam, Denver Broncos owner Rob Walton, and the owners of the Boston Celtics.<\/p>\n<p>The <a href=\"https:\/\/www.westernjournal.com\/maryland-man-officially-back-states-just-1-major-catch\/\" target=\"_blank\" rel=\"noopener\">one major catch<\/a> is that the provision &ldquo;would only affect future team owners, not current ones,&rdquo; as noted by Axios.<\/p>\n<p>&ldquo;But lobbyists for the NFL and other leagues say it would reduce team valuations and limit the amount that franchises could be sold for, possibly resulting in higher costs for fans,&rdquo; the outlet reported.<\/p>\n<p>Senators meanwhile were told by Trump-affiliated pollster David Lee&nbsp;during a lunch last week that polling data showed that 71 percent of voters favored <a href=\"https:\/\/www.westernjournal.com\/ultra-elite-americans-face-painful-hit-trump-ax-insane-tax-break-never-existed\/\" target=\"_blank\" rel=\"noopener\">eliminating the tax break<\/a>.<\/p>\n<p>Axios reported that the senators &ldquo;most receptive&rdquo; to arguments being made by sports teams owners were Republican Sens. Tom Cotton of Arkansas, Tim Scott of South Carolina, and Steve Daines of Montana.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump has been discreetly working to abolish a significant tax advantage that billionaire sports team owners utilize for substantial savings. According to Axios, this effort is part of an &#8220;under-the-radar fight,&#8221; as Trump advocates for the &#8220;Big, Beautiful Bill&#8221; to include a clause that would cut a long-standing tax break for sports teams by at least 50%. This tax break currently permits team owners to deduct all &#8220;intangible assets,&#8221; such as player contracts and media rights, over 15 years. Under Trump&#8217;s proposal, they would only be able to deduct half of these assets, potentially costing them nearly $1 billion over the next decade, as reported by The New York Times<\/p>\n","protected":false},"author":1,"featured_media":2450825,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/06\/Trump-Football.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[53575,57750,3634],"class_list":["post-2450824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-billionaires-2","tag-sports-owners","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/06\/Trump-Football.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2450824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2450824"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2450824\/revisions"}],"predecessor-version":[{"id":2450828,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2450824\/revisions\/2450828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2450825"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2450824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2450824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2450824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}