- - http://www.sportstalkflorida.com -

Senator Tom Coburn Challenges PGA Tour

Posted By Damian Arbuckle On September 26, 2013 @ 9:55 AM In Golf | No Comments

PGA_Tour_2013 [1]Senator Tom Coburn (R-OK) has introduced a bill in the US senate that challenges the PGA Tour’s status as a non-profit organization.

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 Sports [2]

Senator Tom Coburn Challenges PGA Tour by

Article printed from : http://www.sportstalkflorida.com

URL to article: http://www.sportstalkflorida.com/senator-tom-coburn-challenges-pga-tour/

URLs in this post:

[1] Image: http://www.sportstalkflorida.com/wp-content/uploads/2013/09/PGA_Tour_2013.jpg

[2] CBS Sports: http://www.cbssports.com/golf/eye-on-golf/23855080/pga-tour-could-be-on-the-hook-for-millions-because-of-us-senate-bill

Copyright © 2011 ESPN Florida. All rights reserved.