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DOCUMENT: Nashville Predators' economic impact study
This is actually the whole point of the report in the OP. Of course people can say whatever they want without clicking on the link.
Because to some people good news about any sunbelt franchise is instantly a lie. Do not expect people to click on the link or read the article. Even the onesthat do cherry pick the article for bad stuff in it
Because to some people good news about any sunbelt franchise is instantly a lie. Do not expect people to click on the link or read the article. Even the onesthat do cherry pick the article for bad stuff in it
It's the way it always is here on this board with the Predators. If we have a sell out it's because we give away tickets, if we show our ticktes sold is way up it's because the tickets are so cheap. If we make money it's a lie or only because of revenue sharing...
Because to some people good news about any sunbelt franchise is instantly a lie. Do not expect people to click on the link or read the article. Even the onesthat do cherry pick the article for bad stuff in it
Please, these studies have been proven time and time again to be a joke. They are put together by people wanting to put forth a particular agenda. We saw a similar study done for Phoenix claiming similar economic impacts. We know that isn't even close to being the case.
Honestly, how can a low revenue team like Nashville make a "small profit" when higher revenue teams (like San Jose) are losing money?
I find it funny how Nashville fans are told something positive about the team and they automatically think it's the truth...
Please, these studies have been pr oven time and time again to be a joke. They are put together by people wanting to put forth a particular agenda. We saw a similar study done for Phoenix claiming similar economic impacts. We know that isn't even close to being the case.
How do you know it's not true?? Are you on the Nashville sports council?? Have you ever been to this city??? Then why is the team reworking the deal in the city's favor??? They are under no obligation to do so, or to prove anything. Hell if they were losing money as you claim (without any proof other than Forbes see below) then why not work it more into their favor, instead of giving it back to the city?????? Why would the owners lie about making a profit???
Quote:
Originally Posted by Evil Doctor
Honestly, how can a low revenue team like Nashville make a "small profit" when higher revenue teams (like San Jose) are losing money?
Revenue Sharing, lower payroll, better lease, better management, want more
Quote:
Originally Posted by Evil Doctor
I find it funny how Nashville fans are told something positive about the team and they automatically think it's the truth...
Why is it instantly a lie??? I find it funny people take the time to post "it's all lies" without any proof to back up your claims!!!
Why is Forbes the only point of truth in the whole free world?? Forbes admits to only doing estimates!!! NHL, NFL, NBA, and MLB owners have openly laughed at the valuations, several owners and teams have never been contacted by Forbes.
Why would the team lie about attendance numbers, when that is in the lease and would open them up to lawsuits??
Last edited by Gnashville: 03-31-2012 at 04:40 PM.
Honestly, how can a low revenue team like Nashville make a "small profit" when higher revenue teams (like San Jose) are losing money?
Honestly, if you actually think that's even an argument, you probably shouldn't be on this section of the forum.
It shouldn't come as a surprise to anyone that a team on the west coast, in an extremely high tax state, with a very fancy arena, higher than national average median wage, and player payroll near the cap ceiling would have different operating costs than a team in the eastern half of the country, in a lower tax state, with one of the worlds busiest arenas, somewhat more average median income, and player payroll near the cap floor.
I credit the economic impact of the arena to be the main reason why Nashville's downtown has seen such a revival. I also credit the leadership at the time for locating the arena in such a strategic location to absolutely maximize the economic impact.
For those of you that haven't been to Nashville before, the arena is located at the end of the historic entertainment district, which is filled with bars, restaurants, shops, and "honky tonks" (live music venues). It's one of the main tourist areas of Nashville.
If you read the document, you can see that a large portion of the visitors to the arena come from not only outside of Davidson County (Nashville), but outside of the state as well (concerts are a big draw for people from Northern Alabama and Southern Kentucky).
That means that a large portion of arena patrons will be inclined to spend money on food, drink, and parking while they visit (this also applies to local folks)...and lodging (for out of state visitors). Before the arena, the Lower Broadway area was popular with tourists, but not as frequented by locals. Plus, most big concerts were held away from the city center and didn't allow for as much revenue to be spent before or after the event.
With 1.4 million visitors, the arena is more than twice as busy as the nearly 70,000 seat LP Field (Titans NFL stadium) across the river, and it allows for much easier access to said entertainment venues. Believe me, having 10-18,000 people flooding the bar scene 100 times a year makes a tremendous impact on the local economy.
For those of you who bother to look at the charts, you can see a big spike in activity when the new ownership took over. They have made it a point to keep the arena extremely active throughout the year. It's not that the previous ownership (Leopold) didn't care...they just didn't try as hard. The new management team is extremely good at what they do.
Whether or not the Predators themselves make money year in and year out...the arena is a tremendous revenue producer for the whole city...so when people talk about "subsidizing" the Predators, I just laugh. It's a give and take relationship. The Predators, and their ownership group, give more to the city than they take in return. That is a fact.
Also...the most recent Pollstar numbers....4th busiest arena in the US (behind MSG, Staples, and Phillips), and 12th in the world. This from the 38th largest metro/29th largest media market in the US.
The Predators are the type of franchise revenue sharing is designed to help. Small market, well-managed, and decent attendance.
Correct the team is meeting all benchmarks put forth by the NHL! But still people want to drag the team through the mud and claim the owners are lying.
I have posed these questions several times and have yet to get an answer!!!!!
1. Why would the team lie about attendance?
2. Why would the owners lie about them making a profit?
FYI: 120 other pro franchises have always historically cried poor and claimed to be losing money. No one admits to making it!!!!!!! How do you justify raising ticket prices?? How do you justify not signing players to make the team better???
I've never understood Forbes evaluations. They seem completely out to lunch.
How is it possible that a team like Detroit is consistently ranked in the top 5 for franchise value? They play in an outdated arena and can't even sell out during the playoffs. The local corporate economy is also in shambles. Then you have Chicago. The team admits to losing money yet during their Cup run and they have only recently come out of the dark ages yet they consistently rank above Vancouver which has been selling out and maximizing their revenue streams for a decade.
I think the Forbes evaluation is really just a stab at which team has the most recognizable branding. Their list makes absolutely no sense as an economic gauge.
I[*]think the Preds story so far has shown the fans supporting the team more than many markets who would wish they had the same core of fans.[/LIST]It's a no brainer why the team should stay. But I think it will never really turn up a good profit the salaries are just too high let's hope they can take the increase of salaries that is to come.
EXACTLY
why are the ontario fans getting so upset lol? are leafs fans mad that a "southern" team is doing good
preds are staying in MUSIC CITY long term baby...like it or not
personally i wanted Mr. Blackberry to take the preds to southern ontario however now i am glad they stayed...the fanbase is GREAT and the preds have been winning for a while now...they had Karyia & Forsberg and now they FISHER
EDIT:
teams I want to win the cup:
1. Canucks...my hometown
2. Sharks... Joe Thoronton deserves a cup(GREAT career) plus ppl can stop saying hes a "choker"
3. Pens....so CROSBY can pad his HOF resume
4. Wild...its the STATE of HOCKEY for godshakes...they deserve a cup more then any US city
5. Preds
Last edited by Ringmaster316: 04-09-2012 at 02:37 PM.
I think Nashville is a perfect example of how to grow the game. Before the Preds hockey was nonexistent in Tennessee. Now I hear of more junior leagues are opening up in the area.
The team has built quite a fanbase. It's quite similar to Hartford I imagine. Small market, passionate fans, average attendance, strong ownership (early days of the Whalers).
Honestly I'd rather have a 32 league, if Hamilton was to get in I wouldn't want it in Nashville's expense.
It's like people here want them to fail. Kinda like St. Louis in the 70s.
Please, these studies have been proven time and time again to be a joke. They are put together by people wanting to put forth a particular agenda. We saw a similar study done for Phoenix claiming similar economic impacts. We know that isn't even close to being the case.
Honestly, how can a low revenue team like Nashville make a "small profit" when higher revenue teams (like San Jose) are losing money?
I find it funny how Nashville fans are told something positive about the team and they automatically think it's the truth...
hmm.. I wonder if SJS spending 13 million more on salaries has anything to do with..
Anyone who thinks hockey does not "belong" in NSH, please..don't respond to this thread, just turn on your TV and watch one of Nashville's home playoff games this week. Turn up your volume to high and enjoy the fans. It's a great hockey town.
How can a team set a record for most sellouts in a season, when the home schedule for every team is 41 games? And teams like Vancouver, Toronto, Montreal and Pittsburgh who have been selling out for years straight? I'm assume Toronto and Montreal have always been selling out as hockey is THE sport there. The Pens have been sellingout since Sid was drafted, and Vancouver has been selling out for several years now.
That aside, I do believe Nashville is on the right track (as opposed to some of the other southern teams), and as long as they have a decent team will be successful.
How can a team set a record for most sellouts in a season, when the home schedule for every team is 41 games? And teams like Vancouver, Toronto, Montreal and Pittsburgh who have been selling out for years straight? I'm assume Toronto and Montreal have always been selling out as hockey is THE sport there. The Pens have been sellingout since Sid was drafted, and Vancouver has been selling out for several years now.
That aside, I do believe Nashville is on the right track (as opposed to some of the other southern teams), and as long as they have a decent team will be successful.
We set OUR sellout record...not the league sellout record. I would think that would be painfully clear, but I guess not.
Toronto and Montreal are Original 6 teams. I don't think I need to go further there.
Vancouver has been established for decades, as has Pittsburgh. Pittsburgh has 3 Cups, and Vancouver has enjoyed quite a bit of success, despite not winning one. All of the cities mentioned are considerably larger than Nashville, too.
If you want to make comparisons, at least choose cities that are of similar size. Ottawa, Edmonton and Calgary in Canada, and Columbus, Raleigh and Buffalo in the States.
Why we can't sell out an arena over cities like Toronto and Montreal is an absolutely asinine question.
Please, these studies have been proven time and time again to be a joke. They are put together by people wanting to put forth a particular agenda. We saw a similar study done for Phoenix claiming similar economic impacts. We know that isn't even close to being the case.
Honestly, how can a low revenue team like Nashville make a "small profit" when higher revenue teams (like San Jose) are losing money?
I find it funny how Nashville fans are told something positive about the team and they automatically think it's the truth...
San Jose, like many other teams, lose money because of fancy book keeping
why are the ontario fans getting so upset lol? are leafs fans mad that a "southern" team is doing good
preds are staying in MUSIC CITY long term baby...like it or not
personally i wanted Mr. Blackberry to take the preds to southern ontario however now i am glad they stayed...the fanbase is GREAT and the preds have been winning for a while now...they had Karyia & Forsberg and now they FISHER
EDIT:
teams I want to win the cup:
1. Canucks...my hometown
2. Sharks... Joe Thoronton deserves a cup(GREAT career) plus ppl can stop saying hes a "choker"
3. Pens....so CROSBY can pad his HOF resume
4. Wild...its the STATE of HOCKEY for godshakes...they deserve a cup more then any US city
5. Preds
no chicago on the list? LOL
but it's kinda ridiculous to say the wild deserve the cup more than any other US city
...like it or not
