“The NFL has hurt us,” company founder and CEO John Schnatter said. “We are disappointed the NFL and its leadership did not resolve this.”
Papa John’s stock is reportedly down 8.5 percent as of yesterday. The company not only has a deal with the NFL, but 23 different teams comprising the league.
Earlier this year, he published a book called Papa: The Story of Papa John’s Pizza in which he slammed regulation and compared the U.S. in 2016 to 19th century Germany.
“America in 2016 is on the path to becoming what Germany was in 1867,” Schnatter wrote in his new book, per Business Insider.
“If you believed the wrong thing, the government attacked you. If you became successful, the government took your money,” he said. “And if you dared go against the whims and will of society’s rulers, the government beheaded you.”
“You’ve got to have free markets with limited government, with the proper amount of regulation where you don’t jam entrepreneurship,” Schnatter continued.
It’ll be interesting to see how the company will be affected by this in the long-term.