Added by Tania Sullivan on September 22, 2010
National Football League (NFL) officials stated on Monday that NFL Chief financial Officer Anthony Noto has resigned from his post after 2 years on the job and is going to rejoin the Goldman Sachs Group Inc. Anthony Noto is leaving NFL on October 4 and will return to Goldman Sachs will co-lead the global media group of the group’s division for investment banking. He will start working with Andy Gordon in New York.
Noto had previously been an employee of Goldman Sachs as an equities analyst for 9years. Noto was head of the communications department and ran the entertainment and media team before he left and joined the NFL.
NFL has also stated that its executive vice-president of business operations, Eric Grubman, is going to supervise NFL’s finance group throughout the collective bargaining negotiations which will be held with the NFL Players’ Association. Joe Siclare will remain as the treasurer and overseer of the club’s finance at the NFL. Neil Glat and Mike Smith will also continue to be manager of corporate development and manager of finance and administration respectively.
Although NFL’s revenue per year exceeds $8bn, there could be a work stoppage before the next season due to the fact that over 30 owners terminated labor contract with the players union back in 2008 in order to cut costs. If the negotiations don’t reach a new deal, NFL players expect to be locked out before next season.