From the Chronicle of Philanthropy:
The National Football League, which generates billions of dollars in revenue annually, will give up the tax-exempt status it has held since 1942, the Associated Press reports.
In a letter sent to NFL team owners, commissioner Roger Goodell called the league’s nonprofit status a “distraction” and said the league office and its management council would file returns as a taxable entity for fiscal year 2015. The organization is currently classified as a 501(c)(6) under the Internal Revenue Code.
“The change in filing status will make no material difference to our business,” Mr. Goodell wrote in the letter.