Apple Chips in $2M to Help Offset Tax Payer Super Bowl Expenses, post.
Apple, Google, and several other tech companies have chipped in US$2 million each to help defer taxpayer costs for Super Bowl 50, which will be hosted in San Jose. The contributions are part of a $40 million fund started by the Super Bowl Host Committee.
As a European, I am more than a little confused. How can the most successful sporting event in the world, with the highest ad prices anywhere, be *losing money*??
I'm serious, how the heck does this work? Can somebody explain?
And by the way, wouldn't two million from Apple be better spent going to a children's hospital or whatnot, instead of subsidising sports? Or maybe more exactly: why would the superbowl need taxpayer's money? If the fans don't care enough to keep it afloat, why save a commercial entertainment even with public money?