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View Diary: Open thread for night owls: Excerpts from the latest Harper's Index (44 comments)

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  •  Odd isn't it. America's most lucrative sport.. (4+ / 0-)
    Recommended by:
    annieli, Aunt Pat, Jeff Y, JeffW

    The NFL: A study in socialism and capitalism

    National Football League Commissioner Roger Goodell has finally confirmed what this reporter and the host of an HBO "political comedy" show have known for years. There is some socialism being practiced by some of the United States' richest captain of industries. Goodell told CBS presenter Steve Kroft on the show "60 Minutes" that the NFL "combines socialism with capitalism" in the league's business model.
    Odd that the right can't won't see it
    •  Today's referee calls in SF-Seattle game reveal (3+ / 0-)
      Recommended by:
      Eric Nelson, MTmofo, Aunt Pat

      how the superstructure (especially the Zebra judiciary) can be corrupted in such vertically integrated industries, much to the detriment of the base's morale

      Warning - some snark may be above‽ (-9.50; -7.03)‽ eState4Column5©2013 "I’m not the strapping young Muslim socialist that I used to be" - Barack Obama 04/27/2013

      by annieli on Sun Jan 19, 2014 at 09:36:26 PM PST

      [ Parent ]

    •  Socialism and capitalism? (2+ / 0-)
      Recommended by:
      JeffW, Eric Nelson

      Goodell much have been chuckling to himself when he said this.

      At NFL headquarters on Park Avenue in Manhattan, the daily business may span game scheduling, referee hiring or media-rights bargaining – an operation financially fueled by all 32 pro teams which collectively pay more than $250 million in annual “membership dues.”

      All of that revenue received by the league office — more than a half billion dollars since 2010 — is untouchable to the Internal Revenue Service.

      Score? No, says the NFL’s tax attorney, Jeremy Spector. He says the league office, according to U.S. tax code, is a nonprofit trade association, promoting football and serving as an agent and organizer for the 32 clubs. And it’s been that way since the 1940s.

      Yup, that's right; the league office doesn't pay taxes.

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