Wayne Huizenga wants to sell Dolphins before Barack Obama raises tax

(South Florida Sun-Sentinel) - Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision.

That's because a Barack Obama administration is expected to mean higher capital-gains taxes.

"He wants to double the capital gains tax, or almost double it," Huizenga said. "I'd rather give it to charity than to him."

Ross purchased 50 percent of the team and Dolphin Stadium for $550 million earlier this year with the intention he would eventually become majority owner.

"If you do it this year or you do it next year, the difference is humongous because of the taxes," Huizenga said.