At one point in 2016, the committee said the team retained up to $5 million from 2,000 season-ticket holders while also concealing sharable revenue from the league.
An NFL spokesman said the league has engaged former Securities and Exchange Commission chair Mary Jo White “to review the most serious matters raised by the committee.” She chaired the SEC from 2013-17.
Ticket revenue is shared among all 32 NFL teams, with 40% of it deposited in a visiting team fund. Such money is among the pillars of the league’s revenue-sharing commitment. The House Oversight Committee said it is sharing documents with the FTC because the commission has the authority to investigate unfair or deceptive business practices and determine if any laws were broken.
Congress launched an investigation into the team’s workplace misconduct after the league did not release a report detailing the findings of an independent probe into the matter. The committee said the NFL and the team “have taken steps to withhold key documents and information.” According to testimony, financial misconduct included making it intentionally difficult for season-ticket holders to recoup refundable deposit money, counting some of those leftover funds as a different kind of revenue that doesn’t need to be shared with the league, and shifting money from ticket sales for NFL games to other events at FedEx Field as a way of hiding that money from the league.
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