Every year, the NFL gets closer to being the most popular sport in the world. The league’s revenues rise along with its popularity.
Although the NFL was originally considered a non-profit organization, this raised more problems than it did answers. Many fans might not be aware of how it really functions on the inside. One specific question is raised by this.
The NFL obtained recognition as a 501(c)(6) non-profit, a tax-exempt organization, in the 1960s, according to The Atlantic.
This has been a source of complaints for years. After all, the NFL makes enormous money. For instance, the league reported an income of almost $25 billion for the entire year of 2019.
The league so eventually renounced its registration as a non-profit organization in 2015. Since the tax cost is so negligible in comparison to the NFL’s enormous profits, the change was primarily cosmetic. It marked one fewer weapon the NFL’s detractors could use against the organization.
Roger Goodell, the commissioner of the NFL, is at the pinnacle of the corporate food chain. The Executive Committee, a 32-person body made up of a representation from each team, also oversees the league.
Any change in game rules, league policy, club ownership, or any other adjustment to the game must be approved by at least three-fourths of the committee, according to the section of the NFL website devoted to league governance. Nothing will be approved if there is no agreement.
Who owns the NFL?
The NFL is not owned by anyone, to put it simply. At the very least, no one. The only group that could be selected as best exemplifying what a league owner is would be the 32 owners of NFL franchises.