Post by Jari on Mar 22, 2011 17:24:43 GMT -5
Sorry if this has already been posted but the comments really piss me off. I hate Phoenix.
Is Winnipeg's MTS Centre NHL ready?
by Ben Shroyer on Mar 17, 2011 1:30 PM MST in Special Reports
28 comments Email Print.Part two of this four part series looks at some of the fuzzy math that supporters of a return to Winnipeg have been passing off as fact.
The CBC recently aired this news piece about the possible NHL return to Winnipeg:
Winnipeg Revenue Crunch - Breaking Down the Numbers for NHL Return - CBC
Scott Oake estimates the attendance to be at 14.5k per game. With those numbers the team would earn $45 mil per season. The question is: wouldn't Phoenix need to sell at least the same number of seats to make the same amount of money?
Here's the thing, they did. See the following attendance numbers:
•03-04 (15,467)
•05-06 (15,582)
•06-07 (14,988)
•07-08 (14,820)
•08-09 (14,875)
Scott also guessed "That's at an average of $75 per seat"; However, there are only two teams near and over that $75 range- the Habs and the Leafs. A better comparison is the two closest teams in market size, the Flames and Oilers, average ticket price are both at $59. So if you put those more reasonable numbers into the equation you come up with $35 million, not $45. An even better comparison is to base it on the markets gross domestic product - per capita. Winnipeg's estimated GDP is $32,102 just below Buffalo's GDP of $32,872. So if we use Buffalo's average ticket price of $36, we get about $21.5 million, no where near that $45 million figure.
To put this all in perspective, the Coyotes average ticket price from last year was $37, and Jobing.com Arena has 2,500 more seats than the MTS Centre. So going on the 97% occupancy guesstimated on the video, and using Jobing.com Arenas capacity at the current average price, we come out with a number just shy of $26 million. This of course is not including the estimated $19 mil having twice the number of luxury boxes could generate.
Tomorrow we will discuss the gift clause and Matt Hulsizers financial commitment to the team.
-----------------------------
read the comments..it gets worse.
Good Post I don’t think Winnipeg will survive long-term if they get a team but these revenue projections are clearly dreaming in technicolor. $75 a seat? Yeah, right. It works in Toronto and Montreal because of the massive fanbases and because of the corporate support.
Ok – I was so close to banning you, but after reading your bio, I will refrain. Keep your future comments on the up and up like Lauren and you’ll be fine…i.e., stop bashing the attendance figures and bringing up the “Save the Jets” rally…we’ve heard it all 100x before…in the last hour.
www.fiveforhowling.com/2011/3/17/2054703/the-mts-center-is-nhl-ready
Is Winnipeg's MTS Centre NHL ready?
by Ben Shroyer on Mar 17, 2011 1:30 PM MST in Special Reports
28 comments Email Print.Part two of this four part series looks at some of the fuzzy math that supporters of a return to Winnipeg have been passing off as fact.
The CBC recently aired this news piece about the possible NHL return to Winnipeg:
Winnipeg Revenue Crunch - Breaking Down the Numbers for NHL Return - CBC
Scott Oake estimates the attendance to be at 14.5k per game. With those numbers the team would earn $45 mil per season. The question is: wouldn't Phoenix need to sell at least the same number of seats to make the same amount of money?
Here's the thing, they did. See the following attendance numbers:
•03-04 (15,467)
•05-06 (15,582)
•06-07 (14,988)
•07-08 (14,820)
•08-09 (14,875)
Scott also guessed "That's at an average of $75 per seat"; However, there are only two teams near and over that $75 range- the Habs and the Leafs. A better comparison is the two closest teams in market size, the Flames and Oilers, average ticket price are both at $59. So if you put those more reasonable numbers into the equation you come up with $35 million, not $45. An even better comparison is to base it on the markets gross domestic product - per capita. Winnipeg's estimated GDP is $32,102 just below Buffalo's GDP of $32,872. So if we use Buffalo's average ticket price of $36, we get about $21.5 million, no where near that $45 million figure.
To put this all in perspective, the Coyotes average ticket price from last year was $37, and Jobing.com Arena has 2,500 more seats than the MTS Centre. So going on the 97% occupancy guesstimated on the video, and using Jobing.com Arenas capacity at the current average price, we come out with a number just shy of $26 million. This of course is not including the estimated $19 mil having twice the number of luxury boxes could generate.
Tomorrow we will discuss the gift clause and Matt Hulsizers financial commitment to the team.
-----------------------------
read the comments..it gets worse.
Good Post I don’t think Winnipeg will survive long-term if they get a team but these revenue projections are clearly dreaming in technicolor. $75 a seat? Yeah, right. It works in Toronto and Montreal because of the massive fanbases and because of the corporate support.
Ok – I was so close to banning you, but after reading your bio, I will refrain. Keep your future comments on the up and up like Lauren and you’ll be fine…i.e., stop bashing the attendance figures and bringing up the “Save the Jets” rally…we’ve heard it all 100x before…in the last hour.
www.fiveforhowling.com/2011/3/17/2054703/the-mts-center-is-nhl-ready
