NFL relinquishing tax-exempt status (Yahoo Sports)

[ASFN Admin]

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The National Football League is giving up its tax-exempt status. In a letter to team owners, Commissioner Roger Goodell says the league office and its management council will file tax returns as taxable entities for the 2015 fiscal year. Goodell says the NFL has been tax-exempt since 1942, though all 32 teams pay taxes on their income. Some members of Congress have criticized the NFL, which generates billions in revenue, for being tax-exempt.




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[puckhead]

That's pretty amazing.

 

[82CardsGrad]

Gotta be another angle lurking behind the scenes here...

 

[Phrazbit]

I'm guessing they saw the writing on the wall and decided to be pro-active rather than a potentially long fight with the public against them and the prospect of some nasty back payments when its all said and done.

Oh, and Goodell can now apparently keep his salary private. So... I'm sure that was a factor too.