Senator Tom Coburn Challenges PGA Tour
The bill, according to Businessweek, is framed as a threat to large sports organizations in general that file as nonprofits.
“The PRO Sports Act proposed by the Republican lawmaker would prohibit professional sports organizations with annual revenue of more than $10 million from filing as nonprofit organizations.”
Interestingly, the bill is aimed more at the NFL — because the sports world is the NFL’s and everybody else (read: golf) is just existing in it — but the PGA Tour, NHL, and ATP World Tour were also named.
Source: Kyle Porter, CBS SportsSenator Tom Coburn Challenges PGA Tour by Damian Arbuckle
Tags: PGA Tour