The Business of the NFL

The Business of the NFL

Mascots, cheerleaders, and face-paint: What do these things have in common? Football! And America’s favorite sport is one of the largest in the nation, valued at over 37.4 billion per year. That amount is higher than the GDP’s of Afghanistan, Cambodia, Nicaragua, Jamaica, and 115 other countries.http://www.financedegreecenter.com has created an infographic detailing the sport and numbers behind the behemoth’s success, entitled “The Business of the NFL”.
The value of the NFL’s richest team, the Dallas Cowboys, is enough to buy an iPhone 5 for every person in the state of Texas, pay the monthly SNAP food assistance amount for 17 million Americans, buy the five lowest-value major league baseball teams, and is enough to hire more than 65,000 elementary school teachers.
The average football game attendance can cost an individual over $160, which takes costs into account such as food, parking, and fan gear. Merchandise itself is a $3 billion industry, with a few of the most in-demand jerseys being Colin Kaepernick, Russell Wilson, and Peyton Manning.
For the first week of the 2013 season, football provided the top three most-watched shows, and four of the top 10. Among those was NBC’s rain delay program, which beat out eight other shows that week. And with this popularity comes new stadiums. In fact, of the 20 NFL stadiums renovated since 1997, all but one have used taxpayer money. Here’s another interesting fact: the NFL is a 501(c)(6) organization, meaning the league itself is tax-exempt. The league’s 32 teams pay taxes on the profits they earn, but the league office itself doesn’t.
Feel free to like, comment, and share this infographic from http://www.financedegreecenter.com entitled “The Business of the NFL”.

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Posted Oct 22, 2013
 
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