Sens. Tom Coburn, Oklahoma Republican, and Angus King, Maine Independent, are proposing to started a push to end the not-for-profit status of the National Football League!
from previous post.
NO TAXES!
The NFL is not for profit!
With a commissioner Roger Goodell paid $29.5 million to run the organization, the NFL gave away went to the NFL Hall of Fame! That is “charitable donations” of $2.3 million out of $255 million in 2012.
Richard Friedman reports that “thanks to creative thinking, the NFL claims it finished the year in the red with negative $316 million.”
A suppose an NFL franchise could be non-profit if your team is lousy enough.