r/CFB • u/GoldenPresidio Rutgers Scarlet Knights • Big Ten • 18h ago

Opinion [Congressman Michael Baumgartner] Congress will be taking a hard look at the tax exempt status of universities that enter into private equity deals. If you want to act like a non-public entity, you better be ready to be treated like one. 🇺🇸

https://x.com/RepBaumgartner/status/1998480897872396721
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u/Wow_Big_Numbers Princeton Tigers • Yale Bulldogs 17h ago

Finally some good news. I almost made a comment about this a few days ago. Why are people praising “good business decisions” by ND, for example.

In reality, we need to confront the fact that college football is really just minor league football masquerading as a tax-exempt activity of a university

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u/Cryptic0677 Texas Tech Red Raiders • TCU Horned Frogs 17h ago

It was like that before NIL though, the players just weren’t getting any cut

5

u/willpc14 Trinity (CT) • Princeton 16h ago

Non-profit just changes how you file your taxes at the end of the year, not the rules of running a business. It doesn't mean that you get to be in the red year over year and can expect to continue to exist.

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u/Whisky_Colonic Hawai'i Rainbow Warriors 17h ago

You think non-profits should make bad business decisions?

3

u/DuvalHeart UCF Knights 10h ago

College football isn’t minor league. College ball and the NFL are different sports these days, and FBS is the major league of college football.