Football, the most red-blooded, all-American, do-or-die, love-it-or-leave-it sport there is was founded on a concept so "un-American," it would make Ronald Reagan turn over in his grave. It's called socialism. Yes, socialism!
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Every year, Forbes analyzes the sports world to produce a list of the 50 most valuable sports teams in the world. This year’s list includes 20 NFL teams, 12 MLB teams, 10 NBA teams, 7 soccer teams, 1 NHL team, and 1 racing team (Formula One) worth, on average, $1.75 billion each, which is up 31% from 2014.
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Recently, the National Football League (NFL) announced it was giving up its non-profit status. This is a much-coveted designation because it exempts the entity from taxation but, as it turns out, the NFL will also gain considerable advantages. Here are four.
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