The NFL is the most popular sport in the United States, and they happen to command the television sporting market every Sunday, and for primetime slots on Monday and Thursday. Additionally, it’s the biggest sports league in the nation. With this, it also happens to be a multi-billion dollar league.
The 32 franchises within the league each operate as their own business within the association, making them liable for bringing in profits to the NFL — including the Washington Commanders.
READ MORE: Veteran Additions Key to Dan Quinn Led Washington Commanders Exceeding Expectations
Recently, the NFL lost an antitrust lawsuit against customers who bought NFL Sunday Ticket via DirecTV from 2011 to 2022. The problem comes from overpricing due to a lack of competition, as Sunday Ticket is the primary way for fans to get access to the league’s games on television.
The jury awarded customers $4.7 billion dollars in damages, with businesses being awarded nearly $100 million in damages. That number could triple under antitrust laws, though. This could get pricey for NFL owners.
ESPN broke down the jury’s decision behind the lawsuit.
“The jury awarded $4.7 billion in damages to the residential class and $96 million in damages to the commercial class. Since damages can be tripled under federal antitrust laws, the NFL could end up being liable for $14.39 billion. The lawsuit covered 2.4 million residential subscribers and 48,000 businesses in the United States who paid for the package of out-of-market games from the 2011 through 2022 seasons on DirecTV,” ESPN wrote.
The suit could cost each of the 32 NFL owners $450 million in damages, which would be a steep price for Commanders owner Josh Harris, who recently acquired the team. Also owner of the Philadelphia 76ers — an NBA franchise — Harris is worth just south of $9 billion, so, while $450 million is plenty of money for anyone to pay, Harris should be able to take care of it.
READ MORE: Austin Ekeler’s Decision to Find The Right Role With Washington Commanders Criticized
Stick with CommanderGameday and the Locked On Commanders podcast for more FREE coverage of the Washington Commanders throughout the 2024 season.
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Source link : https://www.si.com/nfl/commanders/news/washington-commanders-may-lose-450-million-due-to-nfl-sunday-ticket-suit-josh-harris
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Publish date : 2024-07-04 11:45:36
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