Looks like there will be less of an incentive for businesses to purchase all those tickets. I wonder what impact this will have...
Will seat availability open up for non-suits?
Will the ACC still be able to sell out consistently, especially given the disgust there is for this team?
Will ticket prices drop if there is a drop in demand from businesses?
I didn't even realize they could get tax deductions for that. That a ridiculous law; kind of a no brainer when you're looking to trim wasteful spending.
This may result in a slight drop in ticket prices, but I wouldn't count on it. As to not selling out? Not a chance in Toronto. There's enough demand in the GTA for two teams; filling one arena shouldn't be a problem.
Stupid publicity stunt. The article doesnt mention that almost half of all season ticket holders use this tax break. This would be fine for the Leafs because someone else would pay for that seat but it would be a killer for every other team that struggles to fill in the building, especially the Sens.
Get those ******* stuffy boring lame-ass suits away from the arena for good. They completely suck the energy out of the game, and the only reason that most of them are there in the first place is because they were free through the company that they work for or they're simply just smoozing a prospective client.
There's nothing I hate more than watching the game and catching some fairweathered Bay Street moron in a Brooks Brothers suit fiddling with his Blackberry due to his general disinterest in the game or empty platinum seats for the 1st 10 mins of each period.
They don't give "tax breaks" to the corporation/business for buying leafs tickets. Do you realize every company in the world would be lined up for leafs tickets in that case?
What happens is they are allowed to write off the tickets as an expense, enticing them to buy the tickets for meetings and what not just because the government is paying for the night out. But there's a huge difference between a $500 pair of leafs tix vs 0.10% of millions of $+ in revenue
For me as a fan, it's a good thing. But if I were a fortune 500 exec, i'd be pretty ticked
About time. As for those other teams, tough rocks. Governments at the federal and provincial level should not be in the business of subsidizing professional hockey teams.
Do you know how much tax revenue a professional sports team brings in?
If giving the corporations tax breaks for buying season seats keeps the ottawa senators in business, bars in ottawa see increased business, parking lots around SBP see increased revenue, people buy sens mechandise, people buy concessions... all this increases tax revenue.
If the sens go out of business, then there is 0 tax revenue on ticket sales, concessions, merchandise etc. The tax break doesn't subsidise a professsional hockey team, it stimulates the economy and increases the overall tax revenue.