NFL and YOUR MONEY

Sonny Clark

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NFL gets billions in subsidies from U.S. taxpayers.

If you're a U.S. taxpayer then you're subsidizing the wildly profitable National Football League, regardless of whether you're a fan.

(1) -- The NFL is the most profitable pro sports league in the U.S., raking in an estimated $1 billion in profits on $10.5 billion in revenue last season
(2) -- Stadium construction: Twenty new NFL stadiums have opened since 1997 with the help of $4.7 billion in taxpayer funds. Two more stadiums now under construction in Minneapolis and Atlanta are being built with $700 million in government funds.
(3) -- Taxpayers paid for most of the University of Phoenix Stadium, which opened in 2006 and is home to this Sunday's Super Bowl -- to the tune of about $300 million.
(4) -- Teams even get tax breaks on the money they actually do spend on construction. Most of that spending is financed with tax free municipal bonds, which were originally created by Congress to help fund roads and schools.
(5) -- Tax breaks for the NFL's biggest customer: Corporate America: NFL teams sell between $1.5 billion to $2 billion worth of luxury and high-end club seats a year, according to Bill Dorsey, the chairman of the Association of Luxury Suite Directors. A single suite can cost as much as $750,000 a season. Almost all suites and club tickets are bought by corporate clients, which write the cost off as a business entertainment expense.
(6) -- Sponsors also spend about $190 million a year for the right to plaster a local venue with their logo, according to research firm IEG. Even when corporate names are hung on city-owned stadiums, the teams keep all those profits, not the cities. And companies can deduct all of those expenditures as marketing expenses.
(7) --
Not for profit: The NFL's not for profit status strikes critics as particularly unseemly, given its financial might. But it's categorized that way because the league's profits are distributed to each of the teams, rather than kept by the league itself.

The league probably only saves about $10 million a year as a non-profit, according to Richard Phillips, research analyst with Citizens for Tax Justice, which is a rounding error for a league as profitable as the NFL.

NFL gets billions in subsidies from U.S. taxpayers - Jan. 30 2015



 

Roadrunner

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NFL gets billions in subsidies from U.S. taxpayers.

If you're a U.S. taxpayer then you're subsidizing the wildly profitable National Football League, regardless of whether you're a fan.

(1) -- The NFL is the most profitable pro sports league in the U.S., raking in an estimated $1 billion in profits on $10.5 billion in revenue last season
(2) -- Stadium construction: Twenty new NFL stadiums have opened since 1997 with the help of $4.7 billion in taxpayer funds. Two more stadiums now under construction in Minneapolis and Atlanta are being built with $700 million in government funds.
(3) -- Taxpayers paid for most of the University of Phoenix Stadium, which opened in 2006 and is home to this Sunday's Super Bowl -- to the tune of about $300 million.
(4) -- Teams even get tax breaks on the money they actually do spend on construction. Most of that spending is financed with tax free municipal bonds, which were originally created by Congress to help fund roads and schools.
(5) -- Tax breaks for the NFL's biggest customer: Corporate America: NFL teams sell between $1.5 billion to $2 billion worth of luxury and high-end club seats a year, according to Bill Dorsey, the chairman of the Association of Luxury Suite Directors. A single suite can cost as much as $750,000 a season. Almost all suites and club tickets are bought by corporate clients, which write the cost off as a business entertainment expense.
(6) -- Sponsors also spend about $190 million a year for the right to plaster a local venue with their logo, according to research firm IEG. Even when corporate names are hung on city-owned stadiums, the teams keep all those profits, not the cities. And companies can deduct all of those expenditures as marketing expenses.
(7) --
Not for profit: The NFL's not for profit status strikes critics as particularly unseemly, given its financial might. But it's categorized that way because the league's profits are distributed to each of the teams, rather than kept by the league itself.

The league probably only saves about $10 million a year as a non-profit, according to Richard Phillips, research analyst with Citizens for Tax Justice, which is a rounding error for a league as profitable as the NFL.

NFL gets billions in subsidies from U.S. taxpayers - Jan. 30 2015


Just circuses for the masses.

Domestic tranquillity has been kept for 50 years by providing bread and circuses to the masses, on borrowed Chinese money.

Now that our historic black President has left black America in worse shape than before he took office, that tranquillity is being tested.

Of course, can't blame Obama, hence the trumped up outrage over what are really black punks getting killed being punks.

I wonder what the NBA gets, and how big it is compared to MLB and NFL?
 

August West

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The OP puts up a story about the NFL and prompts the next poster to break out the sheet and hood. WTF is wrong with you boy?
 

Book of Jeremiah

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The OP puts up a story about the NFL and prompts the next poster to break out the sheet and hood. WTF is wrong with you boy?
I'm a woman and I have no clue as to your sheet and hood comment, August. Read the OP and address it or don't read the OP and address it but knock off the personal attacks. You look small enough as it is.
 

B. Kidd

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Alot of muppets support the NFL matrix and didn't even know it............:laugh2:.
 

Book of Jeremiah

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Alot of muppets are supporting a cold blooded murderer over there in Russia and don't know it either. His name is Vladimir Putin.
 

Roadrunner

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Alot of muppets support the NFL matrix and didn't even know it............:laugh2:.
Where will most American poor be Sunday evening?

At Church?

Out working for social justice?

Watching the Super Bowl, with a fine buffet of USDA SNAP paid munchies?
 

RoshawnMarkwees

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That's the game. They convince folks that an NFL franchise or a new stadium will generate more revenue for their state so they talk us suckers into spending money to make money. Problem is the new money they make is from the same people who are suckered into the initial investment! And guess who profits most in the end? That's right, the government. It's just like a lottery.
 

bendog

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That's the game. They convince folks that an NFL franchise or a new stadium will generate more revenue for their state so they talk us suckers into spending money to make money. Problem is the new money they make is from the same people who are suckered into the initial investment! And guess who profits most in the end? That's right, the government. It's just like a lottery.
I don't really see govts making money from the NFL. There's some belief that a franchise will encourage biz to come in or stay and grow, but we have places like AnnArbor Madison Wis and Silicon Valley that aren't tied to the NFL

The OP is from an Alabama fan, and if there was ever an example of people paying to watch the spice, that's it. The NFL is really no different. People want to watch, so they pay for the spice. There's an econ spinoff effect, but that's hardly the point. Hollywood employs people and so do firearm mafters ... but they exist because people want to consume their spice.
 

RoshawnMarkwees

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That's the game. They convince folks that an NFL franchise or a new stadium will generate more revenue for their state so they talk us suckers into spending money to make money. Problem is the new money they make is from the same people who are suckered into the initial investment! And guess who profits most in the end? That's right, the government. It's just like a lottery.
I don't really see govts making money from the NFL. There's some belief that a franchise will encourage biz to come in or stay and grow, but we have places like AnnArbor Madison Wis and Silicon Valley that aren't tied to the NFL

The OP is from an Alabama fan, and if there was ever an example of people paying to watch the spice, that's it. The NFL is really no different. People want to watch, so they pay for the spice. There's an econ spinoff effect, but that's hardly the point. Hollywood employs people and so do firearm mafters ... but they exist because people want to consume their spice.
My neighbor was the governor of our state and bragged about bringing two NFL franchises here. One (Ravens) replaced a previous franchise (Colts) and regained money the state used to make off of that first one. The second (Redskins) moved from another jurisdiction (DC) that had been sucking money off of our (MD) state's citizens so he moved them here so our state's gov could suck that money from our citizens.
 

Roadrunner

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That's the game. They convince folks that an NFL franchise or a new stadium will generate more revenue for their state so they talk us suckers into spending money to make money. Problem is the new money they make is from the same people who are suckered into the initial investment! And guess who profits most in the end? That's right, the government. It's just like a lottery.
If the fuckin' Saints ever did a thing for me, I didn't notice it.
 

candycorn

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That's the game. They convince folks that an NFL franchise or a new stadium will generate more revenue for their state so they talk us suckers into spending money to make money. Problem is the new money they make is from the same people who are suckered into the initial investment! And guess who profits most in the end? That's right, the government. It's just like a lottery.
I don't really see govts making money from the NFL. There's some belief that a franchise will encourage biz to come in or stay and grow, but we have places like AnnArbor Madison Wis and Silicon Valley that aren't tied to the NFL

The OP is from an Alabama fan, and if there was ever an example of people paying to watch the spice, that's it. The NFL is really no different. People want to watch, so they pay for the spice. There's an econ spinoff effect, but that's hardly the point. Hollywood employs people and so do firearm mafters ... but they exist because people want to consume their spice.
In 99% of the cases you are correct. This Roshan Marweeks idiot is wrong.

Whomever makes the money off of publicly financed arenas and stadiums are the master lease-holders who, in essence, rent out the stadiums for things like concerts, tractor pulls, etc... In most cases the team owner of the NBA/NHL, NFL, or MLB franchise is that lease-holder. There are a couple of exceptions around the world of sports but for the most part that is the only way the anchor franchise is able to make money; through ancillary revenue streams.

One of the reasons that LA hasn't gotten an NFL team yet (it's a complicated recipe of real estate values, ego, ownership, and NFL bravado) is because the real estate prices in the LA area are such that a stadium will cost upwards of 1.5 to 2 billion to build if done right. You can short-arm the size somewhat or trash-up the place but if it's going to hosts multiple super-bowls it is going to have to be big; if it is going to attract casual fans, it will have to have amenities. So you're looking at about $2 Billion. So that drives up two things; the value of the master lease and the need to get as many events in there as possible. NFL Bravado and owners' ego dictate that each team is a kingdom unto itself; be it the Texans who have never competed for anything except how pathetic they can be or the dynastic Patriots. So having one team move into the Stadium in LA would not suffice in terms of packing it full of events on one hand, and having the two teams would leave one of them in a permanent junior-class status. The wise thing to do would be to move the Rams and the Raiders back to LA, let them share the stadium, let USC have it during Saturdays in the fall; run as many rodeos and concerts in and out of there as possible and let the money flow. It would likely never happen because it either has to be a Rams stadium or a Raiders stadium....with either the Davis's or the Rosenblooms (I think they own the Rams) getting most of the money. What could make the entire thing work is for one of the counties out there to give up free land to the enterprise and just, in essence, take the hit; thus dropping the price and making the other parts work easier. So far that hasn't happened.
 

Iceweasel

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The people here voted against the stadium and they built it anyway. I'm not worried about the NFL, they can't take money out of my pockets.
 

candycorn

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The people here voted against the stadium and they built it anyway. I'm not worried about the NFL, they can't take money out of my pockets.
Sure they can.

Whenever I go back home to Texas, increased taxes on car rentals and hotels are the norm. When/if you visit DFW, Houston, or most cities, you're paying more than you would otherwise for cars and hotels courtesy of the NFL, NBA, or MLB.
 

Moonglow

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NFL gets billions in subsidies from U.S. taxpayers.

If you're a U.S. taxpayer then you're subsidizing the wildly profitable National Football League, regardless of whether you're a fan.

(1) -- The NFL is the most profitable pro sports league in the U.S., raking in an estimated $1 billion in profits on $10.5 billion in revenue last season
(2) -- Stadium construction: Twenty new NFL stadiums have opened since 1997 with the help of $4.7 billion in taxpayer funds. Two more stadiums now under construction in Minneapolis and Atlanta are being built with $700 million in government funds.
(3) -- Taxpayers paid for most of the University of Phoenix Stadium, which opened in 2006 and is home to this Sunday's Super Bowl -- to the tune of about $300 million.
(4) -- Teams even get tax breaks on the money they actually do spend on construction. Most of that spending is financed with tax free municipal bonds, which were originally created by Congress to help fund roads and schools.
(5) -- Tax breaks for the NFL's biggest customer: Corporate America: NFL teams sell between $1.5 billion to $2 billion worth of luxury and high-end club seats a year, according to Bill Dorsey, the chairman of the Association of Luxury Suite Directors. A single suite can cost as much as $750,000 a season. Almost all suites and club tickets are bought by corporate clients, which write the cost off as a business entertainment expense.
(6) -- Sponsors also spend about $190 million a year for the right to plaster a local venue with their logo, according to research firm IEG. Even when corporate names are hung on city-owned stadiums, the teams keep all those profits, not the cities. And companies can deduct all of those expenditures as marketing expenses.
(7) --
Not for profit: The NFL's not for profit status strikes critics as particularly unseemly, given its financial might. But it's categorized that way because the league's profits are distributed to each of the teams, rather than kept by the league itself.

The league probably only saves about $10 million a year as a non-profit, according to Richard Phillips, research analyst with Citizens for Tax Justice, which is a rounding error for a league as profitable as the NFL.

NFL gets billions in subsidies from U.S. taxpayers - Jan. 30 2015


Just circuses for the masses.

Domestic tranquillity has been kept for 50 years by providing bread and circuses to the masses, on borrowed Chinese money.

Now that our historic black President has left black America in worse shape than before he took office, that tranquillity is being tested.

Of course, can't blame Obama, hence the trumped up outrage over what are really black punks getting killed being punks.

I wonder what the NBA gets, and how big it is compared to MLB and NFL?
Can we at least get a blood sport on TV?
 

Iceweasel

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The people here voted against the stadium and they built it anyway. I'm not worried about the NFL, they can't take money out of my pockets.
Sure they can.

Whenever I go back home to Texas, increased taxes on car rentals and hotels are the norm. When/if you visit DFW, Houston, or most cities, you're paying more than you would otherwise for cars and hotels courtesy of the NFL, NBA, or MLB.
You are confused, as usual. The NFL has no power to tax.
 

candycorn

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The people here voted against the stadium and they built it anyway. I'm not worried about the NFL, they can't take money out of my pockets.
Sure they can.

Whenever I go back home to Texas, increased taxes on car rentals and hotels are the norm. When/if you visit DFW, Houston, or most cities, you're paying more than you would otherwise for cars and hotels courtesy of the NFL, NBA, or MLB.
You are confused, as usual. The NFL has no power to tax.
You are confused. I never said they did. The municipalities pay for the new stadiums by taxing people who visit their cities--i.e. hotel and car renters. This tax money is used to pay off the bonds that were sold to finance the stadium being built today.
 

Iceweasel

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The people here voted against the stadium and they built it anyway. I'm not worried about the NFL, they can't take money out of my pockets.
Sure they can.

Whenever I go back home to Texas, increased taxes on car rentals and hotels are the norm. When/if you visit DFW, Houston, or most cities, you're paying more than you would otherwise for cars and hotels courtesy of the NFL, NBA, or MLB.
You are confused, as usual. The NFL has no power to tax.
You are confused. I never said they did. The municipalities pay for the new stadiums by taxing people who visit their cities--i.e. hotel and car renters. This tax money is used to pay off the bonds that were sold to finance the stadium being built today.
Exactly. The problem isn't the NFL, it's the government.
 

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