7 February 1992 TI (Tax Window, No. 16, p. 19, ¶1739)

The proceeds of sale of a sports franchise would be an eligible capital amount to the vendor and an eligible capital expenditure to the purchaser.

The purchaser of player contracts when acquired as part of the purchase of a sports franchise will normally be able to amortize the cost of the...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Proceeds from the sale of player contracts when disposed of as part of the sale of a business would normally be on account of capital.