Joint Venture

Joint Venture

The average person may not realize this, but the most notable joint venture in existence today is the National Football League.  It figuratively owns every Sunday in the fall of each year.  It is an association of 32 clubs agreeing to compete with each other, i.e. engage in athletic entertainment.  Each venturer is its own business entity; the league generates its own revenue stream (mostly TV rights) and shares these profits with its members equally.

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