First, nice article! Any way to look at last year’s playoff teams and figure out how much a run to the LCS and WS was worth to those teams just in ticket revenue? It would be interesting to show that Team X made this much by making it to the LCS. Then when a team is wavering on whether to spend X amount on a certain player this winter to push them over the edge you could see if that player would be a good financial risk just on those limited financial numbers.
Comment by night_manimal — October 9, 2012 @ 11:30 am
Thanks Wendy, this is great information.
Comment by theroundsquare — October 9, 2012 @ 11:36 am
What about extras on tickets? The nats, for example, sell premium seats which include unlimited beer/wine and lots of food. They are much more expensive than the seats right next to them which are similar except without the perks. They must get reimbursed first for some of that.
from my observations while waiting at the O’s game on Sunday to start… aramark (or whoever it is) and angelos must’ve made a killing… these rain delays only get the fans drunk before the game even starts.
Local government entities, many of whom have made financial commitments to build the stadia, will have contractual rights to some forms of team income such as ticket taxes and parking fees. Additionally they will benefit from things such as airport, car rental, restaurant and sales taxes from out of area visitors. They also get tax income from team personnel who reside locally from sales and real estate taxes among other things. MLB teams are worth the money that local tax payers put out to get and keep them.
Because he’s the head of a business, not its sole owner? Its not like every dollar Bill Gates gets goes into his pockets either, and unlike Bud, he’s at least an owner. Obviously MLB is making a killing but its not like the money is going into Bud’s pockets. He makes an exhorbitant salary as it is.
Comment by RudolfSchmidt — October 11, 2012 @ 12:55 am
your last sentence there is debatable. supposedly there are studies that say having to build stadiums for pro sports teams and luring one to your city is a huge money loser. seems like it would be difficult to estimate overall numbers though.