< 1 min read

OK senator Coburn and football fans ally in assault on NFL's nonprofit status, viewed as unfair subsidy for rich owners by regular fans.

"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 dollars since 2010 — is untouchable to the Internal Revenue Service. Score? No, says the NFL’s tax attorney, Jeremy Spector. He says the league office, according to U.S. tax code, is a nonprofit trade association, promoting football and serving as an agent and organizer for the 32 clubs. And it’s been that way since the 1940s." -- Bill Briggs, NBC News


Leave a Reply

Your email address will not be published. Required fields are marked *