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I would consider the Sports Broadcasting Act and the following legislation that expressly permitted the AFL/NFL merger to be, as you imply, well-known gifts fro
by halter73 13y ago
I would consider the Sports Broadcasting Act and the following legislation that expressly permitted the AFL/NFL merger to be, as you imply, well-known gifts from Congress to American professional sports leagues and the NFL in particular.
Those are hardly loopholes, however, since the legislation worked exactly as Congress intended as far as I can tell.
Your allegations of "Hollywood" accounting seem more consistent with loophole exploitation, but I would like more concrete evidence other than the alleged dearth of team profits.
- 001sky 13y agoAnyone with firsthand access to NFL, MLB, Premier League Soccer(and other pro sports) financial info will attest to the lack of book earnings. see for eg http://www.wallstreetoasis.com/blog/the-money-leagues-part-2-accounting-for-sports http://www.wallstreetoasis.com/blog/the-money-leagues-part-2...