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Discussion in 'News / Current Events' started by annsni, Jul 13, 2010.
I just got an e-mail from my local paper about it.
Bob Sheppard -long time voice at Yankee Stadium (the one Ruth built and George remodeled) passed on the 11th and now The Boss....
I met Mr. Steinbrenner at a funeral I performed for his HS track coach. The Boss was a very nice man who had helped his old coach to dry out and then got him a "job" helping out at the Yankees minor league program. He had gone out of his way to get there. I presented the plan of salvation during the service. He had a line of people wantng to meet him so wasn't able to ask him anything spiritually. But I was impressed at his helping his old coach.
If your number's up a massive heart attack is one of the quicker choices.
"There is nothing quite so limited as being a limited partner of George Steinbrenner's."
John D. McMullen, former limited partner of the Boss with the Yankees, later owned other franchises, most notably the Houston Astros.
Funny stuff. He's one of the more intriguing, interesting figures in sports history.
While death is bad and a time of grief, this is a good year for rich people to die. Because he died in 2010, his family will be able to hold on to the Yankees that their father worked hard to build, rather than having to sell it to pay some $500 million in taxes.
I've read that the Yankees rake in $750 mill per year, so $500 mill is pocket change as a one time tax payment. Hence, being able to afford a 200+ mill payroll each and every year!
Luke 12:16-21 And he spake a parable unto them, saying, The ground of a certain rich man brought forth plentifully: And he thought within himself, saying, What shall I do, because I have no room where to bestow my fruits? And he said, This will I do: I will pull down my barns, and build greater; and there will I bestow all my fruits and my goods. And I will say to my soul, Soul, thou hast much goods laid up for many years; take thine ease, eat, drink, and be merry. But God said unto him, Thou fool, this night thy soul shall be required of thee: then whose shall those things be, which thou hast provided? So is he that layeth up treasure for himself, and is not rich toward God.
I pray the above did not apply to GS, that he found salvation in Christ, even as his health waned in the last couple of years. If not, "what shall it profit a man, if he should gain the whole world yet lose his soul"??
That's not the way it works. The Yankees are worth a billion or more (not to mention other holdings of Steinbrenner). To pay the 500 million in taxes would likely require that the family sell the team, just as the Robbie family had to do with the Miami Dolphins a few years ago.
It's sad that the tax system is confiscatory like this. It damages the ability to parents to pass down to children those things which they have worked a lifetime to build.
I think Steinbrenner, as a whole, was bad for baseball. But his family shouldn't have to suffer financially because of this. And because he died this year, they won't.