Steinbrenner family may face tax battle

Updated: July 14, 2010, 5:09 PM ET
By Andrew Marchand | ESPNNewYork.com

LOS ANGELES -- The Steinbrenner family could be facing a billion-dollar battle over keeping its tax money.

Because of a loophole for 2010, the Steinbrenner family stands to save around $500 million in taxes after the death George Steinbrenner, owner of the New York Yankees. However, a group of senators are proposing legislation that, if passed, would mean the Steinbrenner family would be forced to pay back taxes.

"It would be retroactive and that is something the Supreme ...

Read full story


You must be signed in to post a comment

Already have an account?


  • Bear Hugged
    Mistakes, plus not enough breaks, befuddled Geno Smith and the Jets.
  • Pineda Puts Up O's
    Michael Pineda went 7 1/3 giving up just a hit, a walk and no runs vs. the O's.
  • Sudden Comfort
    Eli Manning is beginning to get cozy -- and thrive -- in the Giants' new offense.
  • Extension In The Works
    The Mets are negotiating a new multiyear extension for Sandy Alderson.
  • The Jeter Nobody Knows
    Derek Jeter welcomed fans into his world and revealed he's not who you think.