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Ichingcarpenter

(36,988 posts)
Sun Sep 22, 2013, 11:24 AM Sep 2013

Meet the Billionaires that want taxpayers to pay for their new Roman Colosseums

Stan Kroenke, the owner of the St. Louis Rams, is worth $5.3 billion and is the NFL’s second-wealthiest owner, according to Forbes. Kroenke and the Rams have repeatedly asked the city of St. Louis for more than $700 million in public funds to renovate the Edward Jones Dome, but the city rejected the latest plan in July. “There was nobody in St. Louis who thought that the Rams proposal was a good idea, other than the Rams,” the chief of staff to St. Louis mayor Francis Slay said at the time. But that doesn’t mean Kroenke is done trying: instead of renovations, the team, St. Louis, and the state of Missouri are now talking about building an entirely new stadium, surely with the help of public funds, instead of renovating the Dome.

Stephen Ross, a real estate developer who owns the Miami Dolphins, is the third-wealthiest owner in the NFL with a net worth of $4.8 billion, according to Forbes. The Dolphins are worth $1.06 billion, making them the 25th most valuable sports franchise in the world. Ross, a real estate developer, asked taxpayers for $380 million in public funds to renovate Sun Life Stadium so that it could host future Super Bowls. The Florida state legislature ended its last session without voting on the project, though, so Ross and the Dolphins began issuing threats to leave south Florida, like all jilted owners do. Ross then started a political action committee, apparently with the intent of targeting state representatives who weren’t on board with his plan. To make a point, Ross and the Dolphins submitted a ridiculous bid to host the 2015 Super Bowl that proposed playing the game not in Sun Life Stadium but on board an aircraft carrier parked in Miami’s harbor. The city of Miami, by the way, is facing decades of debt brought on by the boondoggle stadium deal it gave Major League Baseball’s Miami Marlins. Neither that nor Ross’ wealth will prevent him from coming back to taxpayers in the future.


Arthur Blank, the $1.7-billion owner of the Atlanta Falcons, is the 10th-wealthiest owner in the NFL. The Atlanta city council approved $200 million in public funds to help build a new stadium for the Falcons, even though their current home, the Georgia Dome, is only 21 years old. The Dome is no slouch: it’s still the annual home of a major bowl game and marquee college football games, it regularly hosts the Southeastern Conference basketball tournament, and it hosted the men’s basketball Final Four in 2013. What it doesn’t have are luxury suites that will boost the Falcons’ value — and Blank’s net worth — into the ranks of other NFL teams and owners. The Falcons deal has run into problems with location, but it will end up going forward, with a major assist from Atlanta taxpayers.

http://thinkprogress.org/sports/2013/09/16/2626101/meet-billionaires-asking-taxpayers-buy-stadiums/


Why doesn't the NFL pay taxes?


Technically, the NFL is a trade association that promotes the interest of its 32 clubs, a notion that strikes Businessweek as ridiculous. "This is a bit like McDonald’s (MCD -1.04%) calling itself a trade association promoting the interests of its 14,000 U.S. restaurants," it says.

The NFL has it good for many other reasons. Congress granted it an antitrust exemption in 1966 so the American Football League could merge with the NFL. And many of the league's stadiums are funded with the help of taxpayers. For instance, the Atlanta Falcons' planned $1 billion new stadium is set to get about $200 million in public funding.

http://money.msn.com/now/post--why-doesnt-the-nfl-pay-taxes

21 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Meet the Billionaires that want taxpayers to pay for their new Roman Colosseums (Original Post) Ichingcarpenter Sep 2013 OP
American capitalism hibbing Sep 2013 #1
in another name-crapitalism. pansypoo53219 Sep 2013 #14
You should speak kindly of the job creators. Enthusiast Sep 2013 #15
Major sport, especially football SheilaT Sep 2013 #2
Yes I understand that Baseball an Basketball have given up tax exempt status el_bryanto Sep 2013 #7
F*ck 'em! If the owners want money to fix their stadium... KansDem Sep 2013 #3
Those guys are takers. nt Bernardo de La Paz Sep 2013 #4
+1! Do conservative sports fans realize that? alp227 Sep 2013 #8
Conservative sports fans love high ticket prices. Every time they pay through the nose they Bernardo de La Paz Sep 2013 #11
I want Kroenke to sell all of his Denver related sports franchise and get the fuck out of Denver. Frankie the Bird Sep 2013 #5
talk about a sense of entitlement . . FairWinds Sep 2013 #6
Thom Hartmann reported on this alp227 Sep 2013 #9
You posted that 2 minutes before you duplicated it, wasting space, like stadium parking lots. nt Bernardo de La Paz Sep 2013 #12
Their greed is amazing. Octoberfurst Sep 2013 #10
And I am still pissed, as a PA taxpayer, Curmudgeoness Sep 2013 #18
$700 million public money? Now THAT is an "entitlement" if ever there was one. nt 99th_Monkey Sep 2013 #13
i have a sellers permit. i use it when i can. pansypoo53219 Sep 2013 #16
Cut them off PD Turk Sep 2013 #17
The city of Arlington, TX raised taxes and gave Jerry Jones $325 million to build Jerryland Major Nikon Sep 2013 #19
ALL major sporting events, including the Olympics have been stealing money Dawson Leery Sep 2013 #20
baseball too DonCoquixote Sep 2013 #21
 

SheilaT

(23,156 posts)
2. Major sport, especially football
Sun Sep 22, 2013, 12:47 PM
Sep 2013

has been extorting money from the public for years. The threat of relocating is considered a threat worth giving into, which is a shame.

I've lived in any number of major cities and in a total of seven different states. Currently I live in New Mexico, which has no major league teams of any sort. As far as I'm concerned it's paradise.

Okay, I get it that lots of people like following various games, but it's still just a game. Not something that truly matters in the larger scheme of things. And especially not worth financing instead of say, schools, health care, road repair.

el_bryanto

(11,804 posts)
7. Yes I understand that Baseball an Basketball have given up tax exempt status
Sun Sep 22, 2013, 01:13 PM
Sep 2013

I don't know why Football doesn't do the same.

Bryant

alp227

(32,015 posts)
8. +1! Do conservative sports fans realize that?
Sun Sep 22, 2013, 01:15 PM
Sep 2013

Obama's "you didn't build that" definitely applies to these brats.

And did you see Thom Hartmann comment about this?

Bernardo de La Paz

(48,988 posts)
11. Conservative sports fans love high ticket prices. Every time they pay through the nose they
Sun Sep 22, 2013, 01:20 PM
Sep 2013

Conservative sports fans love high ticket prices. Every time they pay through the nose they high five each other saying "Yay! our tax dollars at work!"

They respond "It's the American dream to have a middle class life, huge car payments and high ticket prices!"

Another one responds "Yeah, our heroes are the ones we pay one hundred times our cancer scientists and 200 times our troops. Go pro athlete go!"

 

Frankie the Bird

(70 posts)
5. I want Kroenke to sell all of his Denver related sports franchise and get the fuck out of Denver.
Sun Sep 22, 2013, 12:54 PM
Sep 2013

He is still persona non grata along with his idiotic son Josh.

 

FairWinds

(1,717 posts)
6. talk about a sense of entitlement . .
Sun Sep 22, 2013, 01:08 PM
Sep 2013

As he demanded cash-strapped Cleveland build a stadium for him, Art Modell declared . .
“The pride and presence of a professional football team is far more important than 30 libraries.”
Under new ownership, the Browns are still on the dole.

alp227

(32,015 posts)
9. Thom Hartmann reported on this
Sun Sep 22, 2013, 01:17 PM
Sep 2013

he says more sports teams need to be community owned like the Green Bay Packers.

Octoberfurst

(42 posts)
10. Their greed is amazing.
Sun Sep 22, 2013, 01:18 PM
Sep 2013

I remember years ago when the owner of the Pgh Steelers-- (Art Rooney I believe)- decided he wanted a brand new stadium and told the county to build him a new $200 million dollar stadium or else he would take Pgh's beloved Steelers elsewhere. (Mind you the guy was stinking rich.) Even so this caused a lot of controversy and so the politicians came up with a plan. They said the people could vote on a "short-term" tax increase to pay for the stadium or decline. Well the nay votes won easily so did the politicians give up and say, "Ok the people have spoken"? Hell no, they went to the Governor and talked him into giving tax dollars build the stadium! So the stadium was built with our tax dollars. Of course after that the Eagles wanted a brand new stadium as did the Pgh Pirates and they all got their wish. Yep hundreds of millions were spent so that the rich owners could have more luxury seating and big fancy stadiums. Oh happy day. Of course when it comes to funding infrastructure or the safety net we don't have the money. But we got money for sports teams! >sigh< We truly do live in a plutocracy.

Curmudgeoness

(18,219 posts)
18. And I am still pissed, as a PA taxpayer,
Sun Sep 22, 2013, 01:48 PM
Sep 2013

that I am STILL paying for those stadiums....which our bridges are unsafe, our schools are falling down, the roads are a mess, local communities are suffering, and there is "no money" to fix them.

pansypoo53219

(20,969 posts)
16. i have a sellers permit. i use it when i can.
Sun Sep 22, 2013, 01:40 PM
Sep 2013

+ since i mostly shop at estate sales. i gleefully not pay for the goddamned brewer's stadium.

Dawson Leery

(19,348 posts)
20. ALL major sporting events, including the Olympics have been stealing money
Sun Sep 22, 2013, 02:48 PM
Sep 2013

from the public treasury for past 60+ years.

DonCoquixote

(13,616 posts)
21. baseball too
Sun Sep 22, 2013, 09:32 PM
Sep 2013

Especially in Florida, where the Tampa bay rays want a new stadium. To be fair, the current one is a dump, and the attendance is low, but that is because these same GOP idiots kept killing anythign that even looked like public transport.

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