I'm not worried about ticket sales this season. With the team playing this bad, the question
is what will the renewal rate be for next season?
If no changes are made to show the fans that they are trying to correct problems it could be bad.
You guys rallied around and saved the team once...you can do it again
The NHL isn't going to treat Nashville like Atlanta, when there are weaker organizations that can be moved (NJ)
The Stars, Panthers, Lightning , Canes have all weathered through periods of mediocrity and crappy attendance, yet their owners have not bailed on them- Why would this happen in Nashville, when we get better attendance (excludingthe comps) and also get the revenue of the ancillary Bridgestone Events.
Look, there is not doubt we are in a down cycle right now, no arguments there. And yes, attendance is going to dip some.
But all of the things mentioned in those articles are not unique to the Predators- a great majority of franchises in all the other major sports have the exact same issues as far as ticket sales and secondary market prices.
If you don't believe it, just go check out stub hub prices for weeknight games in any sport, pro or college. You can find tickets for some NBA games for 1.00.
I would argue that the Predators attendance has held up pretty darn well considering how bad the product has been the past year and a half.......... How long that will stay the case is the big question.......
The organization will never break even at the gate. PERIOD. It's simple math. What all the OTF hyping overlooks is that this team generates a significant amount of its money through non-hockey activity at the arena ... the Powers Management side of the house. Looking only at secondary market prices for tickets to determine if there is an economic problem is flawed. First it ignores that those tickets were already bought or comped before they hit stubhub so the team made whatever gate money it was going to already. Second, fails to account for the revenue generated by becoming a top ten venue in the US which is a major source of revenue for the org.
When the monthly and annual financial reports to the Sports Authority go to crap and the non-hockey events dry up, I'll worry.
but with tix so cheap on the secondary market people buy there rather than from the team, right? so isn't the team still missing out on some potential revenue?
Minimal. The team tracks tickets sold, issued, and used. It also tracks concession sales with an understanding that a comped seat that generates in arena sales means money for the team that an empty, unsold seat doesn't generate ... another part of the team economics puzzle the OTF entries overlook.
Let's quote George Carlin, "there are lies, damn lies, and statistics." Attendance is down in the NHL as a whole. The NBA is having a hard time. They have been quoting this for a while now OTF is finally succumbing to media cynicism and choosing to pick and bend their stats.