Coyotes Ownership/Financial Situation #8
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11-03-2009, 04:03 PM
Join Date: Feb 2003
Born and raised in AZ I know that Arizona sports fans suck. Primarily because most of them were not born & raised in AZ. They don't suck as sports fans, they just suck as Arizona sports fans. Once an Arizona team loses their fans drop like flies, well actually they migrate back to the teams they followed prior to moving to Arizona. I wouldn't be shocked if half of the current Arizona Cardinal fanbase used to attend games and root against the Cards when they were the embarrassment of the league.
I would be shocked if attendance rises above the 10,000 mark this season for the Coyotes, even if they are first in the division...Until they make the playoffs....and then I think people will come out in droves, probably 'talking' about how they have always supported the team (might even be a few Redwing fans who jump on the bandwagon).
Of course then the local media will jump on the bandwagon...
And then the business opportunities will come.
I'm hopeful and almost confident the COG and a buyer will be able work out an agreement consisting of at least a 5-year lease agreement.
If that happens, I'm confident the team will be making money by year 3. This team is so stocked with prospects, I don't see how they won't be perennial winners for the majority of the next 10-15 years. Playoffs will lead to sellouts which will lead to increase ticket sales. I don't really ever see this team being a year-round sellout kind of team, but they will have enough of a bandwagon fanbase to secure more corporate revenue. The next step will be playoff round victories leading to more revenue, more ticket sales, more corporate revenue.
This team will always be the 4th sport in town, but it has shown in the past that even as the 4th sport, there are enough fans to fill the building...This time around they'll have an Arena, a profitable lease agreement and suite revenue which will enhance the ability to make extra money for ownership instead of an arena & lease agreement that limits the ability to increase revenue.
Just imagine what will happen when they win the Cup
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