This was technically true but not in the way that people think.
The TL;DR is that each team is a for-profit entity that pays taxes based on their income while the NFL exists to handle some administrative duties but does not draw any income of its own. All of the money is taxed as teams’ income.
NFL is incorporated, non-profit. That’s right, non-profit.
This was technically true but not in the way that people think.
The TL;DR is that each team is a for-profit entity that pays taxes based on their income while the NFL exists to handle some administrative duties but does not draw any income of its own. All of the money is taxed as teams’ income.
And it hasn’t been true since 2015 anyways.
Almost. The Packers are a non-profit entity.
Community owned too, which is rad 🙂
The NFL gave up it’s non profit status almost 7 years ago
Wtf?!
Yeah, in the same way that FIFA and the IOC are: exploiting the fuck out of loopholes to corruptly enrich the leadership