Billionaires

Trump’s Sports Taxes Could Target Team Owners Worth $869 Billion

President has threatened to end ‘all special tax breaks for billionaire sports team owners.’

Donald Trump
Photographer: Francis Chung/Politico/Bloomberg

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By Ben Steverman and Jack Witzig

February 8, 2025 at 4:00 PM UTC

This article is for subscribers only.

For the richest people in the world, a sports team is the ultimate trophy — and one that comes with some appealing tax advantages. Now, those writedowns are at risk from President Donald Trump.

The administration is looking to “eliminate all special tax breaks for billionaire sports team owners,” White House Press Secretary Karoline Leavitt said Thursday.