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SBD/October 12, 2011/Franchises
Raiders Give Out Comps To Season-Ticket Holders To Ensure Sell Out For Sunday's Game
Published October 12, 2011
INHERITANCE TAX LIKELY NOT AN ISSUE: In S.F., Matier & Ross cite legal experts that said the “inheritance tax on the team -- now valued at $761 million -- is not likely to be a problem as long as Davis' wife, 79-year-old Carol Davis, is alive.” But the tax “could be a huge burden down the road for the couple's only child, 56-year-old Mark Davis, because the family isn't known to have other major financial interests to cover a big Internal Revenue Service bill.” Still, a Raiders exec insisted that “it wouldn't be a problem.” The exec said the Davis family had done "intelligent, sophisticated estate planning" (S.F. CHRONICLE, 10/12). In K.C., Randy Covitz notes “only in recent years” has Mark Davis “occasionally represented the Raiders in some matters, generally accompanied by another executive.” Trask and the Davis family “will have to reach out and look for someone to run the football side of the organization, and already there’s been talk of former Raiders coach John Madden or former personnel director Ron Wolf returning to the club.” Mark Davis “has not made himself available for comment, so the face of the Raiders for now” is first year head coach Hue Jackson (K.C. STAR, 10/12).