NFL Giving up Non-Profit Status

[boone7247]

This surprises the **** out of me. Sorry if posted elsewhere. Also I suspect the NFL won't be making much money from now on they will distribute it all out the teams, only keep what is necessary for cashflow purposes.

http://deadspin.com/nfl-gives-up-its-tax-exempt-status-1700704241#

 

[Clonehomer]

This surprises the **** out of me. Sorry if posted elsewhere. Also I suspect the NFL won't be making much money from now on they will distribute it all out the teams, only keep what is necessary for cashflow purposes.

http://deadspin.com/nfl-gives-up-its-tax-exempt-status-1700704241#

What surprises me is that a multi-billion dollar corporation can ever qualify for nonprofit status in the first place.

 

[boone7247]

What surprises me is that a multi-billion dollar corporation can ever qualify for nonprofit status in the first place.

They weren't always a multi billion dollar organization. The teams have always been taxed, which is where the vast majority of income historically came from. Only recently did they start getting multi billion dollar tv contracts. But like I said, I would guess they will run the league at a breakeven, and the teams will pick up that tab, they just won't have anywhere to shelter the tax burden anymore.

I really didn't have a problem with them being a tax exempt entity. I am sure this was mainly done to be able to not have to disclose the comish's salary and the like anymore.