This 'nonprofit' is anything but—and that may be the NFL's biggest problem
Pop quiz: What's the first thing that springs to mind when you hear the term "nonprofit"?
Most people associate the phrase with good will and philanthropy like feeding the poor, helping children, or fighting disease in far-flung countries. Yet it just so happens that one of the world's largest tax free organizations is in fact the National Football League—the most successful sports franchise on the planet.
A quirk in the law classifies the NFL as tax-exempt to earn nearly $10 billion in revenues each year, while its chief pulls in a $44 million annual salary. But as the league grapples with multiple public relations crises, some say that its status as a non-profit could in fact be the source of its woes.
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