Sex.com Investor: Give Sex.com Domain Name to PETA

Tuesday, March 30th, 2010

Mike Mann plays along with PETA.

Sex.com investor Mike Mann is playing along with PETA’s request that it get the Sex.com domain name.

People for the Ethical Treatment of Animals (PETA) grabbed some publicity earlier this month when it requested the domain name Sex.com be donated to it instead of auctioned for millions of dollars.

As it turns out, one of Sex.com’s investors — Mike Mann — is a long time vegetarian. He says he’ll accept PETA’s request, but under one condition: The IRS gives him a tax deduction for it:

Mann, a world expert on domain valuation, estimates the Sex.com domain name to be worth $50 million. As long as the IRS agrees to recognize the $50 million tax deductible donation, then Mann will donate his share of to PETA for their charitable works.

Other than getting the IRS to recognize a $50 million tax deduction, there’s one other problem: Mann doesn’t own the entire domain name or the company that owns Sex.com. As we found out yesterday, Mann has sunk more money into Sex.com than any of the other investors, but he is still just a part owner.

Further Reading:

  1. PETA Moves Domains from Go Daddy to Register.com
  2. Bob Parsons to PETA: Look in the Mirror
  3. PETA Plays Into Bob Parson’s Hands Over Elephant Hunting

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6 Comments » - Posted in Domain Sales by

Comments

  1. Kevin
    March 30th, 2010 | 10:19 am

    Unless his ex-wife gets her hands on it first, of course.

  2. Josh
    March 30th, 2010 | 12:39 pm

    Who has the freakin time to play games?

  3. domain guy
    March 30th, 2010 | 2:37 pm

    in order to get an irs deduction you have to provide a bona fide appraisal i seriously doubt it if mann can provide a legitimate 50 million appraisal…however i can see a figure substancially lower than this amount maybe 5-8 million as an irs official write off.in addition more than a controlling interest will be required all parties will have to agree or mann buy the entire domain and control its distiny..talk is cheap

  4. asiadomains
    March 30th, 2010 | 3:22 pm

    If peta wants it please send a $1mill check to the auction house to get your bidding card. Then you can bid on the name just like everyone else.

  5. Rudy
    March 30th, 2010 | 7:41 pm

    Is Michael Mann being honest here? I am still having a hard time figuring out this whole situation. Is he trying to rip people off? I just can’t tell.

  6. John Paul
    March 30th, 2010 | 8:33 pm

    Poor PETA. They have no idea that they’re being used for publicity and will never see a dime from this guy.

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