Click to go to document locationThe Biz of Football has been updated with a new document….
When it comes to understanding how ownership in sports leagues is guided, each one’s constitution is the template.
For the public, access to such docs are hard to find. Today, the Business of Sports Network is happy to make one available to you.
The site has been updated with a copy of the NFL Constitution and Bylaws. This 292 page document is interesting for the fact that unlike other leagues, the NFL simply updates its Constitution with amendments within – it is a living document from year to year.
A handful of interesting notes....
On page 2, under Article II (Purpose and Objectives), article 2.2 reads, “The League is not organized nor to be operated for profit.” As a note, gross revenues for the NFL in the last full season were $9.3 billion. By Forbes accounting, operating income – a measure of profit – the Dallas Cowboys pulled in $1.19 billion in profits pre-EBITA.
On page 10, unde...
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