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frankieleon

After Decades Of Raking In Mountains Of Money, NFL Finally Decides To Abandon Not-For-Profit Status

Last season, the NFL generated $10.5 billion in revenue, of which a solid $1 billion was profit. That’s a lot of money. And yet despite basically being able to fill a Scrooge McDuck tower thousands of times over, the NFL has been a tax-exempt non-profit organization — until today. [More]