Robert Kraft has owned the Patriots since 1994. He plans to continue owning the Patriots for the rest of his life and beyond.
Appeared in The David Rubinstein Show: Peer-to-peer conversations” Kraft reiterated that he would never sell the team.resound What he said in February 2023.
“I will never sell this team.And I want my kids to continue doing that because it’s such a unique asset,” Kraft told Rubinstein. sports business daily. “Next to my family, I am passionate about this team more than anything else.”
Kraft added that the team is a “way to build community” and “build bridges.” . . . You bring people of all backgrounds together. ”
The biggest challenge when passing assets from one generation to the next relates to inheritance taxes. Some owners plan well for the cash obligation to the IRS that comes with the inevitable transfer. Some people don’t.
Part of the interview was published on YouTube.Other clips posted so far include Kraft We’re talking about acquiring a team.and his efforts to prevent the team from moving to St. Louis before purchasing it.
It’s unclear when this interview was recorded and whether it addresses the most important questions on Patriots fans’ minds. Is Bill Belichick in the hot seat?
Then again, the craft is already I answered that question to some extent in March.. And the answer seemed to be yes, although not in exact words. Based on how the season has gone so far, it’s hard to imagine a long-term relationship continuing beyond this season.