[OldSchool]

I might be season ticket holder if they go to Oakland. Just a couple hour drive for me and my mom lives down there no need for a hotel or to drive back right after a game.

[The Ripper]

He doesn't even own the whole team. I think it's like 50% or something.

And it's not even him. His mom owns the team. When she dies there will be estate taxes to be dealt with...

Correct. I believe his mom only owns about 42% of the team.

Not correct. The majority stake in the team passed to Mark upon Al's death with Carol only getting a small percentage. It made sense to sell part of the team and set up an estate plan to pay the taxes then not in the future when the rates would be higher.

[RamsFanSince82]

And it's not even him. His mom owns the team. When she dies there will be estate taxes to be dealt with...

Correct. I believe his mom only owns about 42% of the team.

Not correct. The majority stake in the team passed to Mark upon Al's death with Carol only getting a small percentage. It made sense to sell part of the team and set up an estate plan to pay the taxes then not in the future when the rates would be higher.

Where did you hear that? Some people think that, but I haven't heard anyone credible say that. I've heard just the opposite.

[The Ripper]

Correct. I believe his mom only owns about 42% of the team.

Not correct. The majority stake in the team passed to Mark upon Al's death with Carol only getting a small percentage. It made sense to sell part of the team and set up an estate plan to pay the taxes then not in the future when the rates would be higher.

Where did you hear that? Some people think that, but I haven't heard anyone credible say that. I've heard just the opposite.

Cole mentioned it but I have heard it through other sources. AL wasn't stupid, his estate plan was setup at a time when the federal estate tax was low and his estate plan was described as smart and innovative. Paying the estate tax at his death makes a lot more sense than using the spousal exemption and waiting for Carol to pass when the estate tax would be higher.

[Elvis]

Not necesarrily the last word or 100% accurate but here's Wikipedia:

https://en.wikipedia.org/wiki/Oakland_R ... operations

Current ownership structure[edit]

Legally, the club is a limited partnership with nine partners — Davis' heirs and the heirs of the original eight team partners. From 1972 onward, Davis had exercised near-complete control as president of the team's general partner, A.D. Football, Inc. Although exact ownership stakes are not known, it has been reported that Davis owned 47% of the team shares before his death in 2011.[93]

Ed McGah, the last of the original eight general partners of the Raiders, died in September 1983. Upon his death, his interest was devised to a family trust, of which his son, E.J. McGah, was the trustee. The younger McGah was himself a part-owner of the team, as a limited partner, and died in 2002. Several members of the McGah family filed suit against Davis in October 2003, alleging mismanagement of the team by Davis. The lawsuit sought monetary damages and to remove Davis and A. D. Football, Inc. as the team's managing general partner. Among their specific complaints, the McGahs alleged that Davis failed to provide them with detailed financial information previously provided to Ed and E.J. McGah. The Raiders countered that—under the terms of the partnership agreement as amended in 1972—upon the death of the elder McGah in 1983, his general partner interest converted to that of a limited partner. The team continued to provide the financial information to the younger McGah as a courtesy, though it was under no obligation to do so.[94]

The majority of the lawsuit was dismissed in April 2004, when an Alameda County Superior Court judge ruled that the case lacked merit since none of the other partners took part in the lawsuit.[95] In October 2005, the lawsuit was settled out of court. The terms of the settlement are confidential, but it was reported that under its terms Davis purchased the McGah family's interest in the Raiders (approximately 31%), which gave him for the first time a majority interest, speculated to be approximately 67% of the team. As a result of the settlement, confidential details concerning Al Davis and the ownership of the Raiders were not released to the public.[96] His ownership share went down to 47% when he sold 20% of the team to Wall Street investors [93]

In 2006, it was reported that Davis had been attempting to sell the 31% ownership stake in the team obtained from the McGah family. He was unsuccessful in this effort, reportedly because the sale would not give the purchaser any control of the Raiders, even in the event of Davis's death.[97]

Al Davis died on October 8, 2011, at 82. According to a 1999 partnership agreement, Davis' interest passed to his wife, Carol.[97][dead link] After Davis' death, Raiders chief executive Amy Trask said that the team "will remain in the Davis family."[5] Al and Carol's son, Mark, inherited his father's old post as managing general partner and serves as the public face of the ownership.

[BuiltRamTough]

I've heard Mark Davis owns the team, not his mama. I think it was Jason Cole who said it on radio a couple of months back.

Random but the Raiders are selling season tickets for 2016 already. It's on their official website.

[The Ripper]

I have heard it from some of our contacts at reinsurance companies. If Carol was Mark's age it would have made sense to defer but at her age and the uncertainty of the future of death taxes, paying the known tax at the time of death would have been the smart move.

[Hacksaw]

I have heard it from some of our contacts at reinsurance companies. If Carol was Mark's age it would have made sense to defer but at her age and the uncertainty of the future of death taxes, paying the known tax at the time of death would have been the smart move.

This is typical. I am leaving my estate to my daughter with special instruction to provide for my spouse,, Keep it in the family.

[BuiltRamTough]

[BuiltRamTough]