HFBoards

Go Back   HFBoards > NHL Eastern Conference > Metropolitan Division > New York Rangers
Mobile Hockey's Future Become a Sponsor Site Rules Support Forum vBookie Page 2
Notices

MSG cashes in on the playoffs

Reply
 
Thread Tools
Old
04-14-2011, 04:13 PM
  #1
RangerBoy
#freejtmiller
 
RangerBoy's Avatar
 
Join Date: Mar 2002
Location: New York
Country: United States
Posts: 32,169
vCash: 500
MSG cashes in on the playoffs

The Rangers and Knicks could bring in up to $15 million in playoff revenue for just the first round of the playoffs.

Quote:
Ticket sales for the four guaranteed home games will bring in an estimated $6.5 million, while potential third games at the Garden could net an additional $3.2 million, said Richard Tullo, an analyst at Albert Fried & Co. Another $1.5 million in concessions and $5 million in television and arena advertising revenue are also possible, he said.

Still, the Knicks and Rangers would have to advance deep into the playoffs to have an immediate meaningful impact on the Garden’s bottom line, said David Joyce, an analyst at Miller Tabak + Co. After league fees, he estimated, the Garden profits about $1 million per playoff game, plus about $500,000 for games that air on its MSG Network. The company reported a $32.7 million profit in the fourth quarter.
http://www.crainsnewyork.com/apps/pb.../0/REAL_ESTATE

The article also discusses the impact of both teams making the playoffs with the current renovations going on.

RangerBoy is offline   Reply With Quote
Old
04-14-2011, 04:22 PM
  #2
abev
HFBoards Sponsor
 
abev's Avatar
 
Join Date: Sep 2005
Location: NY
Country: United States
Posts: 3,593
vCash: 500
The CFO's and financial types must have been puking the night of the Atlanta game straight through Sat night.

The amount of money that must be made on years where both teams (Knicks & Rangers) are in the playoffs...Imagine the $$ they both go to the Finals.

abev is offline   Reply With Quote
Old
04-14-2011, 04:25 PM
  #3
broadwayblue
Registered User
 
broadwayblue's Avatar
 
Join Date: Mar 2004
Location: NYC
Country: United States
Posts: 15,845
vCash: 500
Got to love that they also charged us for 4 home games in the first round when were were mathematically eliminated from having a top 4 seed. Assuming we were to win the first round...will they continue to bill us for 4 games/round going forward when there is no possibility of us having home ice the rest of the way?

broadwayblue is offline   Reply With Quote
Old
04-14-2011, 04:28 PM
  #4
HeaveHo94
PSN: NYC_RANGERS_94
 
HeaveHo94's Avatar
 
Join Date: Jul 2007
Location: NY NEW YORK
Country: United States
Posts: 2,335
vCash: 500
Good for JD, all he does is spend on each team.

HeaveHo94 is offline   Reply With Quote
Old
04-14-2011, 04:30 PM
  #5
WhipNash27
Quattro!!
 
WhipNash27's Avatar
 
Join Date: Jan 2007
Location: Westchester, NY
Country: United States
Posts: 15,820
vCash: 500
Which is why I laugh when people say ownership is happy with mediocrity. The further the team goes in the playoffs the more money they make. It makes no sense to not what the team to do well.

WhipNash27 is offline   Reply With Quote
Old
04-14-2011, 04:35 PM
  #6
Stugots
Kolo, Kolo Kolo!
 
Stugots's Avatar
 
Join Date: Jan 2009
Location: Long Island
Country: United States
Posts: 6,390
vCash: 500
Quote:
Originally Posted by abev View Post
The CFO's and financial types must have been puking the night of the Atlanta game straight through Sat night.

The amount of money that must be made on years where both teams (Knicks & Rangers) are in the playoffs...Imagine the $$ they both go to the Finals.
Only way the Rangers are going to the finals is if Sather gets canned haha.

Stugots is offline   Reply With Quote
Old
04-14-2011, 04:37 PM
  #7
BlueshirtBlitz
Rich Nash
 
BlueshirtBlitz's Avatar
 
Join Date: Aug 2010
Location: New York
Posts: 19,231
vCash: 500
Quote:
Originally Posted by DubiSnacks17 View Post
Which is why I laugh when people say ownership is happy with mediocrity. The further the team goes in the playoffs the more money they make. It makes no sense to not what the team to do well.
Dolan doesn't know enough about hockey to care and as long as Sather keeps a bubble playoff team who can sometimes get into the 2nd round he won't be canned. Dolan makes more than enough money for that.

BlueshirtBlitz is offline   Reply With Quote
Old
04-14-2011, 04:42 PM
  #8
WhipNash27
Quattro!!
 
WhipNash27's Avatar
 
Join Date: Jan 2007
Location: Westchester, NY
Country: United States
Posts: 15,820
vCash: 500
Quote:
Originally Posted by BlueshirtBlitz View Post
Dolan doesn't know enough about hockey to care and as long as Sather keeps a bubble playoff team who can sometimes get into the 2nd round he won't be canned. Dolan makes more than enough money for that.
He doesn't know enough about hockey and is too loyal to his people. Doesn't mean he doesn't care. The rich always want to be richer. He probably salivates at the thought of his Knicks and Rangers making the finals and winning a championship.

WhipNash27 is offline   Reply With Quote
Old
04-14-2011, 04:48 PM
  #9
3Four3
Registered User
 
3Four3's Avatar
 
Join Date: Apr 2011
Location: Brooklyn
Country: United States
Posts: 660
vCash: 500
My sister actually works for a tomato company that delivers tomatoes to MSG. Whenever the Rangers made the playoffs, they'd order 30 crates of tomatoes for each game played at MSG. With both the Knicks and Rangers in the playoffs, they are going to do gangbusters.

3Four3 is offline   Reply With Quote
Old
04-14-2011, 04:52 PM
  #10
broadwayblue
Registered User
 
broadwayblue's Avatar
 
Join Date: Mar 2004
Location: NYC
Country: United States
Posts: 15,845
vCash: 500
Quote:
Originally Posted by DubiSnacks17 View Post
Which is why I laugh when people say ownership is happy with mediocrity. The further the team goes in the playoffs the more money they make. It makes no sense to not what the team to do well.
I have to disagree with you there. History has shown he would rather make it into the playoffs at any cost, even if it means losing in the first round, just to get the money. An owner who was unhappy with mediocrity would be ok with missing out on the post season for a year, perhaps two, if it meant building the team the right way and ultimately going deep in the playoffs. Unfortunately $1 today is far more important than the possibility of $2, $3 or $4 tomorrow. And thus the team is stuck in perpetual mediocrity.

broadwayblue is offline   Reply With Quote
Old
04-14-2011, 07:08 PM
  #11
vipernsx
Flatus Expeller
 
vipernsx's Avatar
 
Join Date: Sep 2005
Country: United States
Posts: 6,527
vCash: 500
LOL ticket prices are still going up next year.

vipernsx is offline   Reply With Quote
Old
04-14-2011, 07:56 PM
  #12
Richard Brads
Registered User
 
Join Date: Apr 2009
Country: United States
Posts: 278
vCash: 500
Quote:
Originally Posted by 3Four3 View Post
My sister actually works for a tomato company that delivers tomatoes to MSG. Whenever the Rangers made the playoffs, they'd order 30 crates of tomatoes for each game played at MSG. With both the Knicks and Rangers in the playoffs, they are going to do gangbusters.
lolwut?

Richard Brads is offline   Reply With Quote
Old
04-14-2011, 11:27 PM
  #13
Tawnos
A guy with a bass
 
Tawnos's Avatar
 
Join Date: Sep 2004
Location: Charlotte, NC
Country: United States
Posts: 12,776
vCash: 500
Quote:
Originally Posted by vipernsx View Post
LOL ticket prices are still going up next year.
Ticket prices, like the price of all commodities, aren't determined by how much profit a team makes, but rather a version of supply/demand. Ticket prices will continually go up until there is a point where they can't sell out. I actually don't believe that we're anywhere in sight of that for the Rangers. Sports franchises are a business, not a public service. As much as I disagree with it, the reality of most business is to make as much profit as possible.

And that being said, I'm pretty surprised that, supposing that the 4th quarter profits represent something near a quarterly average for the 1st and 4th quarters at the Garden last year, with the 2nd and 3rd quarters being less due to the offseason, the company made somewhere between $90m and $110m last year. That's WAY less than I would have thought.

Oh and LOL... the playoffs make the team more money and makes the team more popular? Reeeeeeeaaally??????


Last edited by Tawnos: 04-14-2011 at 11:58 PM. Reason: offseason issues
Tawnos is offline   Reply With Quote
Reply

Forum Jump


Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 04:23 AM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"
Contact Us - HFBoards - Archive - Privacy Statement - Terms of Use - Advertise - Top - AdChoices

vBulletin Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. ©2015 All Rights Reserved.