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That the NFL is a non-for-profit? The NHL also. The NBA is not.
Originally posted by FORBES
The Real Super Bowl Question: Should The NFL Be A Nonprofit?
The National Football League takes in more than $9.5 billion per year and is exempt from Federal taxes. As a nonprofit, it earns more than the Y, the Red Cross, Goodwill, the Salvation Army or Catholic Charities – yet it stands as one of the greatest profit-generating commercial advertising, entertainment and media enterprises ever created.
The National Football League takes in more than $9.5 billion per year and is exempt from Federal taxes. As a nonprofit, it earns more than the Y, the Red Cross, Goodwill, the Salvation Army or Catholic Charities - yet it stands as one of the greatest profit-generating commercial advertising, entertainment [...]
An arcane tax code change that eased the 1966 merger of the NFL with the old American Football League landed the new combined entity in section 501(c)6 of the tax code, designated as an industry association. The designation actually covers “chambers of commerce, real estate boards, boards of trade, and professional football leagues.”
If they could take the money from the tax that the NFL should be paying and put it into health care.
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