Posted on 09/17/2014 9:42:55 AM PDT by illiac
The National Football League’s had a tough first three weeks of the season. The league made the news again Tuesday when New Jersey Sen. Cory Booker, a Democrat, introduced legislation that would put an end to the league’s tax-exempt status.
Sen. Maria Cantwell, a Democrat from Washington, also reportedly plans to introduce legislation eliminating the league’s status.
While Booker was pushed by the league’s handling of players involved with domestic violence, Cantwell is looking at the the NFL’s lack of force to get Washington to change its highly criticized name. Cantwell, also former chair of the Senate Indian Affairs Committee spoke at a press conference Tuesday, condemning “Redskins” as a derogatory term against Native Americans.
(Excerpt) Read more at blogs.marketwatch.com ...
I bet I have seen a lot of NFL players on TV not wearing Nike shirts
Probably so but the NFL has long been protective of it’s marketing deals. Remember when coaches were banned from wearing suits?
http://www.sfgate.com/sports/article/49ERS-NOTEBOOK-NFL-says-Nolan-cannot-suit-up-2636420.php
The NFL makes no profit?! Hah! The NFL makes a fortune. It is far from being a pass through agent.
Why would the Rooneys, Maras, Jerry Jones and the rest let the league make the money instead of themselves?
http://espn.go.com/nfl/story/_/id/9342479/examining-nfl-tax-exempt-status-challenged-us-senator-tom-coburn
The NFL exceeds the normal tax law. Trade organizations cannot be as exclusive as the NFL is about who they allow in and 501c organizations are supposed to serve a general interest, not a private one. The NFL operates as a private club that does not exist to promote professional football, but rather the financial enhancement of its very select members. It is not much different that a country club declaring itself to be a church, in order to escape taxation, while maintaining that it is serving the purpose of a public park. The NFL operates for one purpose only, and that is to maximize the profit of its owners/members.
The normal corporate structure would be to treat the owners as share holders.
Imagine all of the car dealerships in your town getting together and forming a tax exempt organization to advertise for them, finance car loans, set prices, and receive revenue. Further, it greatly limited membership, excluding car dealerships that didn't meet the approval of the rest of the members.
Note that the NBA is not a tax-exempt organization.
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