Sovereign wealth funds and government money from places like Saudi Arabia have been pouring into sports worldwide and these groups are now circling College Sports. Next, Mr. Madden, If a Gulf sovereign fund takes a stake in a school's new athletic company... could it be earning returns on American college sports essentially tax free? And is this better tax treatment than American investor might be getting who's putting in the same dollar would get? Thanks for the question, Representative Miller. (01:58–02:12)
CLAIM
Suggests that Gulf sovereign funds might earn tax-free returns on investments in American college sports.
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