Is there any better financial deal in the world than being an NFL owner?
What other business owner gets a deal where they have a protected monopoly with antitrust exemptions up the gazoo, and virtually guaranteed appreciation of the business?
Name the last NFL franchise that sold for less than the owner paid for it … I can’t think of any either.
Due to all the public handouts and tax advantages, the supposed Lords of Capitalism are actually Masters of Socialism when it comes to their NFL franchises.
The Minnesota Vikings stadium is but the latest scam by NFL royalty. NFL commissioner Roger Goodell comes riding into town, suggests the team could soon be in Los Angeles if the fine people of Minnesota don’t build a new sports palace for the Vikes owners, and then quickly heads back out of town. Local politicians start tripping all over themselves to come up with a scheme to keep the Vikings in town without having to have a messy public vote. A last second deal is pushed through and signed by Minnesota Governor Mark Dayton — a deal that will hurt taxpayers and possibly charities based on a bizarre sales tax deal that could increase the tax burden on Minnesota charities.
In a Huffington Post piece, Ilya Shapiro and Nicholas Mosvick write:
“The reality of the Vikings deal is that the owners will gain the most, not taxpayers or fans. Taxpayers will bear most of the risk, while the expected increase in the franchise’s value will accrue wholly to the owners — who will also be free from facility-financing costs. The owners will also have new revenue opportunities in the form of higher ticket prices, club seats, stadium-naming rights, and advertising. With all these luxury goodies, the only fans who will be able to actually attend the games are those with luxury incomes, many of whom will surely be writing the cost off their taxes as a business expense.”
Study after study on these sweetheart stadium deals for super wealthy owners show that the economic impact on the local community is in effect zilch at best. Not only that, some communities are left servicing debt on now-demolished stadiums (See the Kingdome in Seattle and the Meadowlands in New Jersey). Meanwhile, owner revenues from media deals and luxury boxes continue to skyrocket and franchise values appreciate at rates unheard of in other industries.
The move by Dayton (and the other pro-stadium politicians in Minnesota that pushed this stadium deal through in a brutal economy without a referendum) is despicable. I simply can’t think of a stronger word at this time.
— Ken Reed, Sports Policy Director, League of Fans
Sports Forum Podcast
Episode #10 – League of Fans’ Sports Forum podcast: An Issues Discussion With Paul Dolan – Dolan is the Cleveland Indians Owner and CEO. He discusses the use of Native American names and logos by sports teams and the decisions to drop the Chief Wahoo logo and the upcoming change to the team name. Other baseball topics include health and safety, possible MLB rule changes and youth participation in the sport.
Follow on Facebook: @SportsForumPodcast
Episode #9 – League of Fans’ Sports Forum podcast: Talking Sports Issues With Ralph Nader – Nader is a consumer advocate and was named one of the “100 Most Influential Americans of the 20th Century” by Time magazine. He is the founder of League of Fans.
Episode #8 – League of Fans’ Sports Forum podcast: How Can We Save College Sports From Overcommercialization and Professionalization? – The guest is Dr. David Ridpath, a sports business professor and past president of the Drake Group
Episode #7 – League of Fans’ Sports Forum podcast: Brain Trauma and CTE Risk in Sports With Dr. Ann McKee – Dr. McKee works in the field of neuropathology and has demonstrated that “mild” repetitive head trauma can provoke chronic traumatic encephalopathy (CTE), a devastating neurodegenerative disease.
Episode #6 – League of Fans’ Sports Forum podcast: The Need for Quality Physical Education in Our Schools is Greater Than Ever – The guest is Clayton Ellis, one of our nation’s leading advocates for getting our young people to be more physically active.
Episode #5 – League of Fans’ Sports Forum podcast: Youth Sports with Positive Coaching Alliance Founder Jim Thompson – Thompson started Positive Coaching Alliance (PCA) in 1998 to help create a movement to transform the culture of youth sports from “win-at-all-costs” to a positive, character-building experience.
Media"How We Can Save Sports" author Ken Reed appears on Fox & Friends to explain how there's "too much adult in youth sports."
Ken Reed appears on Mornings with Gail from KFKA Radio in Colorado to discuss bad parenting in youth athletics.
“Should College Athletes Be Paid?” Ken Reed on The Morning Show from Wisconsin Public Radio
Ken Reed appears on KGNU Community Radio in Colorado (at 02:30) to discuss equality in sports and Title IX.
Ken Reed appears on the Ralph Nader Radio Hour (at 38:35) to discuss his book The Sports Reformers: Working to Make the World of Sports a Better Place, and to talk about some current sports issues.
Sports & Torts – Ken Reed, Sports Policy Director, League of Fans – at the American Museum of Tort Law
League of Fans is a sports reform project founded by Ralph Nader to fight for the higher principles of justice, fair play, equal opportunity and civil rights in sports; and to encourage safety and civic responsibility in sports industry and culture.
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Ken Reed’s Author Page on Amazon