John,
We won’t know the winner of this year’s Super Bowl till Sunday, but we already know the big winners in our COVID-ravaged economy include dozens of billionaire sports barons.
According to a new Americans for Tax Fairness study, 64 billionaire owners of major league sports franchises have enjoyed a $98.5 billion rise in their collective net worth, a 30% increase, since the pandemic began — even as millions of fans have fallen ill, lost jobs, neared eviction, gone hungry and died due to the coronavirus. Included amongst those billionaire sports barons are the two Super Bowl powerhouses — the AFC champion Kansas City Chiefs’ Hunt family and the NFC champion Tampa Bay Buccaneers’ Glazer family.
Twenty-six of these billionaires have received $9 billion in taxpayer subsidies over the years to help build or update stadiums and arenas, even as they themselves have seen their wealth increase by $45 billion since last March.
This Super Bowl weekend, help shine a spotlight on the actual winners of Sunday’s game: The billionaire team owners. Donate today to bring the infographic below to millions of people and remind the American people that our tax dollars should be used for public services, not to subsidize the wealth of billionaires.
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This new report by Americans for Tax Fairness and our allies at the Institute for Policy Studies provides a breakdown of the 64 billionaire sports barons net worth, and how much each has grown their wealth over the nearly 11 months since the pandemic began.
Donate today to shine a spotlight on the obscene wealth gains of these billionaire sports barons ― the real winners of Sunday’s Super Bowl.
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Thank you for demanding a tax system and economy that makes the rich and corporations pay their fair share.
Andrea Haverdink
Digital Director
Americans for Tax Fairness
