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Spanos Not Rushing to Sell Chargers Stake

Bush tax cut extension buys ownership time

By Michael Gehlken
|  Thursday, Jan 20, 2011  |  Updated 3:34 PM PDT
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Running back Ryan Mathews of the San Diego Chargers celebrates a touchdown in a game against the Denver Broncos at INVESCO Field at Mile High on January 2, 2011 in Denver, Colorado.

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Turn down the dial on the sale of the Chargers’ minority interest. Team owner Alex Spanos can afford to wait.

Due to an unexpected extension of tax cuts from the George W. Bush administration, the capital gains tax rate will remain at 15 percent for an additional two years.

Mark Fabiani, special council to team president Dean Spanos, said the extension has cooled the ownership’s urgency to sell a 25 percent stake in the franchise for estate tax reasons.

“Still,” Fabiani said in an email interview, “if a qualified buyer with a good offer came along, we would certainly consider it.”

The tax cuts were originally planned to expire on Dec. 31, but the House passed the measure extending them with a 277 to 148 vote on Dec. 16.

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