Category Archives: NFL

ESPN Excessively Profitable Yet Subsidized by Tax Dollars

ESPN Excessively Profitable Yet Subsidized by Tax Dollars

“ESPN is hardly needy. With nearly 100 million households paying about $5.54 a month for ESPN, regardless of whether they watch it, the network takes in more than $6 billion a year in subscriber fees alone. Still, ESPN has received about $260 million in state tax breaks and credits over the past 12 years, according to a New York Times analysis of public records. That includes $84.7 million in development tax credits because of a film and digital media program, as well as savings of about $15 million a year since the network successfully lobbied the state for a tax code change in 2000.”

NFL’s Untaxed Profits are in the Billions, Yet their Stadiums are Constructed with Taxpayer Money

http://www.huffingtonpost.com/2013/11/27/the-nfl-is-very-profitabl_n_4346428.html?ref=topbar

“…Staggering amounts of public funds are used to build the homes for NFL teams as well as a few of the NFL’s other staggering fiscal stats”
Why is it our favorite national sport? Perhaps because of how it mirrors our politics; two teams (let’s say Red and Blue), owned and payed for by a small group of billionaires, in a winner-take-all fight.