No $10.7M Tax Deduction In Grizzlies Sale, 7th Circ. Says

By David van den Berg · August 9, 2023, 7:56 PM EDT

A three-judge Seventh Circuit panel affirmed Wednesday a U.S. Tax Court decision that denied a $10.7 million tax deduction for deferred compensation to the partnership that sold the NBA's Memphis Grizzlies....

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Case Information

Case Title

Hoops, LP, et al v. CIR

Case Number

22-2012

Court

Appellate - 7th Circuit

Nature of Suit

tax 

Date Filed

June 08, 2022