What if...(mod: relocation proposal, subsequent effect on HRR)
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01-06-2013, 10:08 AM
Join Date: Nov 2006
Originally Posted by
I'm not sure what's being argued here, but what is your estimate on Columbus' revenues?
Iirc, the TV money was about $2 MM around 2007 or 2008.
sandysan was arguing that Columbus gives away their tickets. That they started by offering super cheap tickets and have continued that practice.
I simply stated they have never papered the house. Based on my own experiences as a season ticket holder and based on buying tickets in other cities (mainly Philly and Pittsburgh) the pricing is comparable. The Globe and Mail data says the same thing.
My estimate of their revenues is $85-$90 million.
You absolutely hit the nail on the head. One of their revenue problems is media rights. They gave away a long term sweetheart deal in 2000. The amount per year is debatable- MacLean claimed $2 million on radio.
The other challenge has been the slow attrition of season ticket holders due to poor operations. This extends to more than on ice performance, but rather total game operations and business operations. It is quite an accomplishment to reduce season ticket sales from ~ 14,000 to ~10,000 considering the abandonment of PSLs when those STH's non-renewed.
Do they offer some promotional deals on a small number of tickets? Yes- so do many teams.
Additionally, as you know from prior conversations John H. McConnell dictated from day one that the team would hold back 50-100 nosebleed seats and sell them on gameday for $10.00 each to allow "the working man" to take his kid to the occasional game. He like many other post-war self made entrepeneurs came from a blue collar background and never forgot his roots.
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