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Critics cry foul as NFL defends laughable "nonprofit" status


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2013 Oct 27, 8:34am   660 views  1 comment

by Patrick   ➕follow (55)   💰tip   ignore  

http://www.nbcnews.com/business/legal-procedure-critics-cry-foul-nfl-defends-nonprofit-status-8C11412804

Keith Willey Lynda Woolard, a diehard New Orleans Saints fan, believes the NFL should receive no tax exemption. Her online petition to strip that tax break from the league has garnered more than a quarter million signatures. She's wearing a Jimmy Graham jersey at the Superdome. At NFL headquarters on Park Avenue in Manhattan, the daily business may span game scheduling, referee hiring or media-rights bargaining an operation financially fueled by all 32 pro teams which collectively pay more than $250 million in annual membership dues. All of that revenue received by the league office more than a half billion...

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1   justme   2013 Oct 27, 8:38am  

Agree, NFL has anti-trust exemption, so that it can be a state-sanctioned monopoly, and given tax-exempt non-profit status. It is ridiculous. Crony capitalism and corporate welfare of the worst sort.

Whatever happened to competition ??

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