- Feb 24, 2015
- 22,209
- 36,877
I’m ok with others payingAh, there it is. Your words betray your intent.
The italicized is incorrect, btw.
m.
I do regret posting in this thread that’s for sure.
Do I enjoy the Jets yes
Did I ask for the return no
I’m ok with others payingAh, there it is. Your words betray your intent.
The italicized is incorrect, btw.
m.
With 600M$ USD expansion fees, the league is now essentially a ponzi scheme. They'll keep it up as long as they can.
I usually pay attention to the number of blue dots available on ticketmaster in the days and weeks leading up to home games. From what I have noticed the past two years, there are often a few hundred seats with two or more seats together available in the P6 and P7 sections...even the day before and sometimes the day of the game. I think these particular price points will becoming an increasingly tougher sell with the 3 -5% annual increases assuming that it is mostly middle income earners buying these seats.
I see fewer issues with available seats in the P1, P2 - and to a slightly lesser extent, P3 and P4. Usually I only see a few dozen seats where two or more can sit together. Sometimes every seat is taken except for individual ones.
IMO, the best bet would be to maintain the 5% increases for the P1s and P2s for the forseeable future as these are probably bought by upper income individuals and businesses - these are less likely to threaten cancellation as they have the largest disposable income or in the case of businesses, individuals are not even paying for it. P3s, P4s keep around 3% (slightly above inflation)...maybe P5s as well. P6 and P7s should be 2% at most, maybe even only 1% which would put them at or slightly below the rate of inflation. I think this pricing model would sustainable in the future..at least more so than the current one which appears to increase prices for all seats by 5% per year.
I usually pay attention to the number of blue dots available on ticketmaster in the days and weeks leading up to home games. From what I have noticed the past two years, there are often a few hundred seats with two or more seats together available in the P6 and P7 sections...even the day before and sometimes the day of the game. I think these particular price points will becoming an increasingly tougher sell with the 3 -5% annual increases assuming that it is mostly middle income earners buying these seats.
I see fewer issues with available seats in the P1, P2 - and to a slightly lesser extent, P3 and P4. Usually I only see a few dozen seats where two or more can sit together. Sometimes every seat is taken except for individual ones.
IMO, the best bet would be to maintain the 5% increases for the P1s and P2s for the forseeable future as these are probably bought by upper income individuals and businesses - these are less likely to threaten cancellation as they have the largest disposable income or in the case of businesses, individuals are not even paying for it. P3s, P4s keep around 3% (slightly above inflation)...maybe P5s as well. P6 and P7s should be 2% at most, maybe even only 1% which would put them at or slightly below the rate of inflation. I think this pricing model would sustainable in the future..at least more so than the current one which appears to increase prices for all seats by 5% per year.
Interesting approach. I sort of agree, but what I would rather see as a start is more seating categories and prices based on the actual view of the seat and not the perceived view of the seat. IE: Not all P6 seats are the same. My seat has a far worse view of the ice compared to the exact same seat 2 rows behind me... why should we pay the same? That person should pay more than me.. they have a better seat.
I know Edmonton does something like this. For example they charge more for an isle seat than the seat right beside that seat.
Aisle seats are the worst....it would drive me nuts getting up 8 times a period for people going for a pee/drink
Aisle seats are the worst....it would drive me nuts getting up 8 times a period for people going for a pee/drink
I have an aisle seat. I'm not part of a group, I have it every game and I don't mind getting up for people. Lets me stretch now and then. Being on an aisle, I can blast down during a TV timeout and be back before the play starts. Nothing beats being able to come and go from my seat as I please without having to go past anyone. Letting people pass is an acceptable trade-off for me but everybody's different.Aisle seats are the worst....it would drive me nuts getting up 8 times a period for people going for a pee/drink
I usually pay attention to the number of blue dots available on ticketmaster in the days and weeks leading up to home games. From what I have noticed the past two years, there are often a few hundred seats with two or more seats together available in the P6 and P7 sections...even the day before and sometimes the day of the game. I think these particular price points will becoming an increasingly tougher sell with the 3 -5% annual increases assuming that it is mostly middle income earners buying these seats.
I see fewer issues with available seats in the P1, P2 - and to a slightly lesser extent, P3 and P4. Usually I only see a few dozen seats where two or more can sit together. Sometimes every seat is taken except for individual ones.
IMO, the best bet would be to maintain the 5% increases for the P1s and P2s for the forseeable future as these are probably bought by upper income individuals and businesses - these are less likely to threaten cancellation as they have the largest disposable income or in the case of businesses, individuals are not even paying for it. P3s, P4s keep around 3% (slightly above inflation)...maybe P5s as well. P6 and P7s should be 2% at most, maybe even only 1% which would put them at or slightly below the rate of inflation. I think this pricing model would sustainable in the future..at least more so than the current one which appears to increase prices for all seats by 5% per year.
The thinking is that if you can afford P1 or P2, you can also afford P6 or P7 but for some all they can afford is P6 or P7 and if they are over priced it forces them out of the market for tickets.Really bad misconception. There are more regular Joes in P1 and P2 than you think and demand is absolutely elastic for us.
I said it before and I'll say it again: not everyone in P1 and P2 is a well-heeled gentleman of wealth and leisure.
m.
The thinking is that if you can afford P1 or P2, you can also afford P6 or P7 but for some all they can afford is P6 or P7 and if they are over priced it forces them out of the market for tickets.
Other than a couple of teams that have a real world value of $600MM plus, the rest of the teams are only worth $600MM or so because Bettman says that's what they are worth, None of them are really worth that.
You only get that money if you can sell. Honestly, given what TNSE paid to get the Thrashers, if Chipman could find someone in Houston to give him say $650MM U.S. and move the team there, he would be crazy not to. I know he won't, but it's got to be tempting.
I am doubtful that the team is profitable. Likely have not made money since year 3. The Jets likely tap into the leagues assistance fund on a yearly basis. Chipman has alluded to such in interviews.No amount of money would entice Chipman to sell the team. He has made that pretty clear. Only way he would sell is if the team wasn't profitable and it's pretty clear there is no indication of that ever happening.
I am doubtful that the team is profitable. Likely have not made money since year 3. The Jets likely tap into the leagues assistance fund on a yearly basis. Chipman has alluded to such in interviews.
Not to mention their share of league-wide revenue from TV, merchandise, etc.I find that extremely hard to believe...
True North owns and operates Bell MTS Place
Collects revenue on absolutely everything, concessions, merch, ticket prices, concerts etc,
Owns the building right across the street
Owns the a theatre (Burton Cummings Theatre)
Building a $400 million dollar True North Square Project (office,retail,hotel,parking lot)
Own a casino
Gets a tax break from the government
True North has numerous revenue streams.
Hmmm...the Jets will make about $60M off STHs this year. Boxes are...what? $10M? Concessions $10M. League Revenues (national TV deals, merchandise, other shared revenues)...$20M? $12M in subsidies (casino revenues, tax rebates, etc.). So $112M - oh and a 1 time Vegas expansion fee of $16.6M. So $128M-ish? Minus salaries, travel, farm team, scouting, etc. They're probably at least breaking even. Oh, I forgot the local TV/radio deal - $10M/year? Yeah, Chipman's not losing money here.I am doubtful that the team is profitable. Likely have not made money since year 3. The Jets likely tap into the leagues assistance fund on a yearly basis. Chipman has alluded to such in interviews.
As I have stated before. I feel the Jets are comfortable pricing Joe and Jane fan out of the market because they likely have the smallest amount of business/corporate STH in the NHL.
I find that extremely hard to believe...
They are worth like triple what they were in Atlanta, somewhere in the $365 million dollar range
True North owns and operates Bell MTS Place
Collects revenue on absolutely everything Jets and Moose related, concessions, merch, ticket prices, concerts etc,
Owns the building right across the street that they built (office space?)
Owns a theatre (Burton Cummings Theatre)
Building a $400 million dollar True North Square Project which they will own (office,retail,hotel,parking lot)
Own a casino
Gets a tax break from the government
True North has a vast amount of revenue streams.
Those are different than the NHL member franchise WinnipegJets. The NHL member franchise itself has likely not been profitable since year 3. The initial expectation was to be a revenue sharing team but sales at Jets gear in year 1 and 2 allowed for some profitability.
I have no doubt the concert arm of TNSE is profitable. I personally don’t believe the hockey team is.
TNSE has also saved money housing their AHL franchise in the same building.
As for STH prices has anyone determined any numbers as per price increases in comparison to inflation since year 1?
Are the Florida Panthers a money maker?
Hmmm...the Jets will make about $60M off STHs this year. Boxes are...what? $10M? Concessions $10M. League Revenues (national TV deals, merchandise, other shared revenues)...$20M? $12M in subsidies (casino revenues, tax rebates, etc.). So $112M - oh and a 1 time Vegas expansion fee of $16.6M. So $128M-ish? Minus salaries, travel, farm team, scouting, etc. They're probably at least breaking even. Oh, I forgot the local TV/radio deal - $10M/year? Yeah, Chipman's not losing money here.
m
League salaries are in USD while many revenue stream are in CDN.
The drop in the dollar from year 1 has been affecting the Jets profitability.
Those are different than the NHL member franchise WinnipegJets. The NHL member franchise itself has likely not been profitable since year 3. The initial expectation was to be a revenue sharing team but sales at Jets gear in year 1 and 2 allowed for some profitability.
I have no doubt the concert arm of TNSE is profitable. I personally don’t believe the hockey team is.
TNSE has also saved money housing their AHL franchise in the same building.
As for STH prices has anyone determined any numbers as per price increases in comparison to inflation since year 1?
Are the Florida Panthers a money maker?