One repercussion - the price of your tickets are going up, another one maybe the NFL doesn’t have to bribe as many politicians to keep their tax-exempt status.
Nothing. Ignorant people who don’t understand the situation no longer get to grind this ax, and Goodell’s (and everybody else in the office) salary now can be kept secret.
In this case, virtually none.
The headline misrepresents the true situation. And the text doesn't make the true situation all that clear.
The true situation is this:
1. The income for the 32 individual NFL clubs is fully taxable.
2. The income for the NFL head office, a separate corporation styled as a non-profit, was not -- as it was funded by post-tax contributions from the 32 individual clubs.
3. Now, however the NFL office has been re-styled as a for-profit corporation and the contributions from the individual clubs will become taxable at that level (but deductible expenses for the individual clubs).
The actua impact on taxes paid appears to be negligible.
The NFL is dropping its tax-exempt status. Why that ends up helping them out.