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mahatmakanejeeves

(70,716 posts)
Thu Jun 22, 2023, 01:24 PM Jun 2023

The PGA Tour is a nonprofit. With Saudi money, should it be?

The PGA Tour's deal with the Saudi wealth fund has brought fresh scrutiny to its nonprofit status.

washingtonpost.com
The PGA Tour is a nonprofit. With Saudi money, should it be?
The tour's deal with the Saudi wealth fund has brought fresh scrutiny to its nonprofit status.


4 replies = new reply since forum marked as read
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The PGA Tour is a nonprofit. With Saudi money, should it be? (Original Post) mahatmakanejeeves Jun 2023 OP
No, IMO republianmushroom Jun 2023 #1
None of the sports leagues should be nonprofit. Midnight Writer Jun 2023 #2
The Sacred Church of Golf. Worshipped by many. twodogsbarking Jun 2023 #3
Depends on the corporate structure. Igel Jun 2023 #4

Midnight Writer

(25,739 posts)
2. None of the sports leagues should be nonprofit.
Thu Jun 22, 2023, 02:25 PM
Jun 2023

If the executives of a nonprofit, including churches, are being paid millions of dollars, then it is not a "nonprofit".

Igel

(37,613 posts)
4. Depends on the corporate structure.
Thu Jun 22, 2023, 07:35 PM
Jun 2023

And how that aligns with US tax law.

Haven't seen enough information, this falls under "Sure, I have an opinion, but I have no basis in fact or law for my opinion."

In other words, "I meaninglessly emote, but beyond my useless wailing, feel free to ignore me."

Some chant, "No justice, no peace."

I chant, "Lacking evidence, lacking truth."

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