The Sporting Scene: Those Non-Profit Packers : The New Yorker
Being an N.F.L. owner is like having a license to print money. Television contracts alone run in the billions, with the 2006-2011 contracts valued at approximately $3 billion annually, $800 million more than the previous contracts. In addition, N.F.L. teams have received $6 billion in public funds to build the current crop of stadiums. In other words, the public is already shouldering a great deal of the cost and debt for N.F.L. franchises. But these public dollars, through some sort of magic alchemy, morph into private profits that often flow away from the communities that ponied up the dough. In the United States, we socialize the debt of sports and privatize the profits. Green Bay stands as a living, breathing, and, for the owners, frightening example, that pro sports can aid our cities in tough economic times, not drain them of scarce public resources.