Mattingly23NY
Turning Fastballs Into Souveneir's ~
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I wish I had ran across this article in July, of this year (2015); when it was released. Still worth looking at, due to more than a few factors, (like assuming gate receipts for October's Playoffs)....
I found this while looking for actual turnstile attendance for the last 3 days games....since seats have looked half full; like tonight's soaked field game, which looks maybe 10,000 seats are full tonight. Attendance reported in the last 2 games was reported atnight was 38,000+.- which has got to be sold tickets, not actual attendance, or so it appears......
Yankees Take Minor Revenue Hit from Declining Gate in 2014; What Does Trend Say About Future?
July 6, 2015 by William Juliano
The Yankees released unaudited statement of 2014 cash receipts, that showed a decline in ticket sales and suite licenses. According to the report, the Bronx Bombers took in $16 million less from these two revenue streams, a 5% decline from the previous year.
Yankees’ Ticket Sales and Suite License Revenue
Note:
A 5% decline in ticket/suite revenue isn’t that significant, and is made even less so when you consider the net effect of post season refunds. After returning collected monies for October games,-(***). The Yankees ticket/suite sales declined by only $5 million. That suggests stability, but belies the 1,500 per game increase in attendance that occurred last year.
Thanks to price cuts for various locations, the Yankees wound up making less money from higher attendance. Although having more fans in the seats has the potential to boost other income, such as concessions and merchandising, the overall trend isn’t encouraging. In the new Yankee Stadium’s inaugural season, the team raked in nearly $400 million in ticket and suite sales, or nearly 50% more than last year’s total. And, with prices stagnant and attendance on the decline again in 2015 (down 2,000 fans year-over-year), the drop off could be much greater when financials are reported next year; (end of 015 Season).....
The combination of cutting payroll, escalating TV rights fees, and a more high-end, pre-paid season ticket base has seemingly weaned the Yankees’ business model off of winning…at least for now. Although well insulated on the TV side, a large percentage of team revenue is still derived from gate receipts. Also, the team’s other business ventures undoubtedly benefit from the strength of the Yankee brand. So, even though the Yankees have weathered three mediocre seasons from a financial standpoint, a sustained period without success and star power could eventually have a greater impact on the bottom line.
http://www.captainsblog.info/2015/0...ndance-yankee-stadium-hak-steinbrenner/22741/
I found this while looking for actual turnstile attendance for the last 3 days games....since seats have looked half full; like tonight's soaked field game, which looks maybe 10,000 seats are full tonight. Attendance reported in the last 2 games was reported atnight was 38,000+.- which has got to be sold tickets, not actual attendance, or so it appears......
Yankees Take Minor Revenue Hit from Declining Gate in 2014; What Does Trend Say About Future?
July 6, 2015 by William Juliano
The Yankees released unaudited statement of 2014 cash receipts, that showed a decline in ticket sales and suite licenses. According to the report, the Bronx Bombers took in $16 million less from these two revenue streams, a 5% decline from the previous year.
Yankees’ Ticket Sales and Suite License Revenue
Note: A 5% decline in ticket/suite revenue isn’t that significant, and is made even less so when you consider the net effect of post season refunds. After returning collected monies for October games,-(***). The Yankees ticket/suite sales declined by only $5 million. That suggests stability, but belies the 1,500 per game increase in attendance that occurred last year.
Thanks to price cuts for various locations, the Yankees wound up making less money from higher attendance. Although having more fans in the seats has the potential to boost other income, such as concessions and merchandising, the overall trend isn’t encouraging. In the new Yankee Stadium’s inaugural season, the team raked in nearly $400 million in ticket and suite sales, or nearly 50% more than last year’s total. And, with prices stagnant and attendance on the decline again in 2015 (down 2,000 fans year-over-year), the drop off could be much greater when financials are reported next year; (end of 015 Season).....
The combination of cutting payroll, escalating TV rights fees, and a more high-end, pre-paid season ticket base has seemingly weaned the Yankees’ business model off of winning…at least for now. Although well insulated on the TV side, a large percentage of team revenue is still derived from gate receipts. Also, the team’s other business ventures undoubtedly benefit from the strength of the Yankee brand. So, even though the Yankees have weathered three mediocre seasons from a financial standpoint, a sustained period without success and star power could eventually have a greater impact on the bottom line.
http://www.captainsblog.info/2015/0...ndance-yankee-stadium-hak-steinbrenner/22741/
