Glad the others instituted a measure like this so the cost would be closer to 1b if they tried to do the old property developer flip.There was some speculation that the Nepo Baby would try to sell the team as soon as possible after the move to Las Vegas was approved. According to Bob Nightengale at USA Today, the move to Vegas was approved by the owners with one caveat - a "10-year flip tax" which will harshly penalise Fisher should he sell the team at any time before 2034. As part of the move to Vegas, the MLB waived the usual relocation fee (worth $300 million) but he will be taxed should he sell the team prior to 2034. If he sells the Athletics prior to 2028, he would be taxed 20% of the purchase price, which would be split between the other 29 owners. If he sells the Athletics in 2029, the tax is reduced to 10%. If he sells the Athletics between 2030-2033, the tax would reduce each year.
Nightengale's Notebook: What made late Padres owner Peter Seidler beloved by his MLB peers
Seidler, who purchased a controlling stake in the franchise in 2020, spared little expense in chasing a World Series championship.www.usatoday.com