Hey, everyone. We're bringing you another bonus episode today. Today I spoke with

investigative reporter for pro-publico Robert Fatterici. He is a Pulitzer prize

winning journalist who's covered military, LA County, inmate abuse and most recently

how professional sports owners use their teams to avoid millions in taxes.

We spoke about what he found and with a greater impact that these

loopholes mean for the business of sports in general. Take a listen.

Robert, you include in your really eye-opening piece a quote from former Cleveland

Indians and later Chicago White Sox owner Bill Vick who said,

Look, we play the start-spangled banner before every game you want us to pay income taxes to.

Vick, you credit with being the innovator in this particular space. Could you talk us through

how Vick's innovations in terms of tax, I don't want to say manipulation, but how to pay

the least amount of taxes as a sports owner and how that is evolved to the present day.

Yeah, so he's sort of considered the trailblazer, but the way it works now, there have been

several evolutions. But essentially, let's say you buy a sports team for $2 billion. Over the course

of the next 15 years, you can write off that $2 billion from your taxes. So what that means is you

know, you could potentially be profitable, right? Your team could be profitable and you could report

to the IRS that you're actually losing money, which means not only do you not have to pay taxes

on the money you make from the team, but you can also cancel out money that you're making from

other ventures and not pay taxes on that either. And this is done through a process called

Immortization, which basically says that like, say, a car, just an asset, you drive it off the

lot, it loses a portion of its value and you drive it over time and the parts need to be replaced

et cetera, et cetera, the finished dolls. This is accomplished through applying that idea,

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