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Obama: I won’t intervene in NFL lockout

03.03.11 at 2:07 pm ET
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Speaking at a press conference on Thursday afternoon, President Barack Obama said he would not intervene in negotiations between NFL owners and players.

“You’ve got owners, most of whom are worth close to $1 billion. You’ve got players who are making millions are dollars. My working assumption at a time when people are having to cut back, compromise and worry about making the mortgage and paying for their kids’ college education is that the two parties should be able to work it out without the President of the United States intervening,” he said.

“I’m a big football fan, but I also think for an industry that is making $9 billion a year in revenue, they can figure out how to divide it up in a sensible way and be true to their fans who are the ones who, obviously, allow for all of the money that they are making,” he continued. “My expectation and hope is that they will resolve it without me intervening, because it turns out I have got a lot of other stuff to do.”

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