In 2010 , Ventures account for $ 1.8 billion of the league ’s $ 8 billion in taxation , or nearly a quarter . ( fall into place image to dilate . ) Fifteen years ago , enunciate Roger Noll , a summercater economist at Stanford , Ventures ’ part of overall revenue would ’ve been 1 or 2 percent .
The gains over 2009 come in the main from NFL Enterprises , which governs Sunday Ticket , RedZone , the NFL connection and the like . Check out pages 39 and 40 . In 2009 , Enterprises immortalize an operating income of $ 685 million . In 2010 , that design rose to $ 935 million — this despite whatever departure presumably were incurred by the NFL connection . ( In 2009 , the Philadelphia Daily News account that the web “ is losing about the same amount of money right now as NFL Europe was when the owners pulled the plug , ” which is at least partly attributable to the league’sinability to impregnable - arm cable companiesinto placing the web on introductory transmission channel packages . ) Those personnel casualty are not a minor progeny , either . They come out of the revenue the conference shares with the player , which mean that , in a circuitous way , Ray Lewis give for Rich Eisen to lam around the NFL meld in wingtips .
Also take down that disbursements to the phallus clubs — a defrayal , in the form of an one-year license fee , from NFL Ventures to the individual teams — rose from $ 904 million to $ 1.26 billion , which Noll says account for the drop in net income . That ’s money moving from one pocket to another .
If you want an idea of Ventures ’ annual gain , Noll says , take “ operating income ” ( which does n’t include the payment to the night club ) and add “ other income . ” That turn over you a lucre of $ 955 million in 2009 and $ 1.295 billion in 2010 . Noll writes in an electronic mail :
However , almost all of the alteration in “ other income ” is that the NFL recovered its losses in the stock marketplace . Its losses in 2009 were $ 36 million , but in 2010 it gained $ 20 million , for a $ 54 million reversion . This is relevant to the point that the NFL was in much better fiscal health in 2010 than in 2009 .
Why is this important ? The NFL has three sources of revenue : speculation ; TV ( minus planet ) , representing the heavy pail ; and local / team ( mostly in - stadium income , Noll say , but also rights fees for radio broadcasts ) . We see here that Ventures grew , and we have it off that broadcast feeshave nudge upward . “ So if they experienced slump revenue , ” Noll says , “ it would have to be local because the other two germ grew . ” The notion that local revenue has fall or even flattened , Noll adds , is “ extremely unlikely . ” Without seeing the teams ’ books , we ’ll never know for sure .
The wide point , though , is that count for the NFL ’s red ink is a mug ’s game . The lockout , as Noll say , was never about the league ’s financial straits . “ It was about , ‘ They require more , ' ” he says .
Last week , we postedaudited financials for the NFL league bureau , which administers the G-3 arena fund , declare oneself downhearted - interestingness loans to teams that are build stadiums . The money ran dry in 2007 after a decennary - long stadium - building roaring , and the display case could be made that the tangible dispute at the middle of the lockout lie between the owners who ’d exploit the G-3 program to build bright new tax revenue - give stadiums and those who had n’t and now could n’t because their peers had burned through the fund . In this visible light , the lockout look like something else only — less a battle between direction and labor and more a proxy war in which the owners , unwilling to oppose each other for money , decided to distil it from the histrion instead .
https://deadspin.com/exclusive-weve-obtained-audited-financials-for-the-nfl-5819427
EARLIER : scrutinize financials for the NFL league office
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