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0 pointsm3kw91y ago0 comments

The NFL used to be a nonprofit and now for profit. OpenAI can use similar routes

0 comments

Not an accountant but there are different kinds of nonprofits, OpenAI is a 501c3 (religious/charitable/educational) whereas the NFL was a 501c6 (trade association).

Obviously we all think of the NFL as a big money organisation, but it basically just organises the fixtures and the referees. The teams make all the money.

FireBeyond1y ago

If you want to be pedantic, in legal terms, no, the NFL is a big money org ($13B+/yr in revenue, with a commissioner earning $65M/yr).

They pay dividends to the teams, however, yes. But all that revenue (which is distinct from team revenue) is actually legally earned by the NFL itself.

walthamstow1y ago

65m a year... Wow! Richard Masters, the chief exec of the most watched, most popular sports league in the world is on about 2m a year.

j / k navigate · click thread line to collapse

0 comments

walthamstow1y ago

Not an accountant but there are different kinds of nonprofits, OpenAI is a 501c3 (religious/charitable/educational) whereas the NFL was a 501c6 (trade association).

Obviously we all think of the NFL as a big money organisation, but it basically just organises the fixtures and the referees. The teams make all the money.

FireBeyond1y ago

If you want to be pedantic, in legal terms, no, the NFL is a big money org ($13B+/yr in revenue, with a commissioner earning $65M/yr).

They pay dividends to the teams, however, yes. But all that revenue (which is distinct from team revenue) is actually legally earned by the NFL itself.

walthamstow1y ago

65m a year... Wow! Richard Masters, the chief exec of the most watched, most popular sports league in the world is on about 2m a year.

j / k navigate · click thread line to collapse