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Post by Pitbull on Feb 24, 2005 2:36:03 GMT -5
When I take a look at all these ideas on this forum about possible revenue streams, it makes me want to think of how this will impact the Jets financially.
A Jets themed bar/club.
PPV
Internet broadband webcast
New unique merchandice
jets Themed bar/club - This could only work if the Jets could sell out each game. Thus leaving the people who couldn't attend to watch it close to the MTS Centre. The big thing would be to have this ran by the owners so they could see the revenue. Once again, this doesn't go to the team as people may think but it would line the pockets of the owners which would make them happier and thus more suseptable to spending more for the team in the future. I suspect that when you factor in Expenses and other misc fees, this place could turn over a standard type bar profit. However, this couldn't be much to impact the salaries.
PPV - It would be hard to do as there is Centre Ice. This option on your cable or satalite provider charges you through the roof to watch the NHL. You can also order individual games at a price. I know this because a good friend of mine had this Centre Ice and it was very expensive. There are exclusive rights that have to be taken into consideration. PPV will not work. MTS TV should already have Centre Ice. If it doesn't, it might be a slim possibility if the Centre Ice people don't make a fuss. Once again, not much money for the owners or Jets. That just lines MTS's pockets. And all they're doing is paying to put their name on the arena.
Internet broadband webcast - The NHL has webcasts already. Also they have the online radio. This is doomed as it once again can't impact financially on the team.
New unique Jets merchandice - Everything people have come up with could be made and sold. However, if there's revenue sharing already setup, boom, just helps the league as well as the team. Just like the old Jets, merchandice plays a big role. I could not put a price on this but this would help the team out greatly.
Even after writing all of this, it's apparent that the Jets need a low Salary Cap and revenue sharing from the NHL. They also need a few owners to step up. As I have said before, and ownership group like Edmonton's can't be great for Winnipeg. That's just too many hands inside the cookie jar. I would prefer to see Asper and other people/companies step up. Maybe 5 in total to run the show. Of course they would split the MTS Centre with True North and give True North a small ownership stake. Put a hockey guy in charge and watch the fans swarm in to see the best brand of hockey in the world. Please welcome your NEW Winnipeg Jets.
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Post by jamiebez on Feb 24, 2005 10:10:02 GMT -5
Pitbull, I have some of the same concerns. I've mentioned the case against PPV in a different thread, so I won't go into it here, but you're right. A lot of the revenue streams posted here won't really impact the team's finances all that much.
There have been some excellent ideas (premium games, a bar/pub at the Arena, etc) in this forum, but a lot of others fall into three categories:
1. Trying to sell something you can get for free, like "insider" web access (which many teams offer for free) or PPV/Imax for televised games.
2. Taking money from charity, like a kid's carnival, or 50/50 draws. I fundamentally disagree with this. A lot of people were proud of the positive impact "Goals For Kids" had in the community and I think a new team should strive to do even more - not take money from a charity's pocket.
3. Things that wouldn't directly impact the business. A restaurant outside the arena, for example, is not hockey-related revenue, so I don't think that should count as a revenue stream. It's more money for the owners, but it doesn't make the hockey team any money.
I do think these streams and ideas are important. Hell, most days lately it's the only positive thing on the board. And with a small arena, we will need to squeeze every dollar. My point is the same as Pitbull's - the biggest financial impact on this team will be the CBA and ownership. These ideas are important, but let's not overstate their impact.
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Post by blackthorne on Feb 24, 2005 12:47:26 GMT -5
You 2 guys have only skimmed the surface of what's on the "Revenue source" thread...
Hello? There are 3 pages on here for you to check out.
The Jets WILL sell out every game, I've no doubts of that. Which means there will be demand for each and every post in this forum IMHO.
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Post by Pitbull on Feb 24, 2005 12:53:33 GMT -5
Hey Blackthorne. I'm not going through every page because there is one thing you fail to see.
The success of the franchise doesn't depend on piddly little revenue streams. That just makes the owners happier. The success hinges on what kind of owners we have and what they want to sacrifice to have this team be a success.
Don't you think if we had true Winnipeg hockey fans running the team, they would spend as much as they possibly could no matter the loss? Remember, they get to write losses off. While that doesn't cover it all. Showing a loss isn't always that bad in a business sence. Besides. I think what comes out of us winnipeg is more pride in the city and more people wanting to buy merchandice.
PPV's will not work. The bar would work but it wouldn't neccessarily make more for the team to spend on salaries. Outside ventures don't go to the team. That goes to the owners.
Don't put down my posts.
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Post by blackthorne on Feb 24, 2005 12:59:26 GMT -5
"Outside ventures" don't go to the team, they go to the owners... um... isn't "the team" and "the owners" the same thing?
Pay-per-view via MTS t.v. *will* make the new Jets some money.
Again, there are THREE pages of revenue spinoffs. You've come to the conclusion that they "won't help that much" even though you've basically admitted to ignoring most of them.
I *know* that the key to a healthy NHL team is large fanbase, lots of season ticket holders, all luxury suites sold... but I firmly, FIRMLY believe we'll need to take advantage of as many revenue sources as possible to be a profitable, healthy, competitive NHL team. Remember, we'll have the smallest arena in the league and among the fewest luxury suites.
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Post by Pitbull on Feb 24, 2005 13:15:15 GMT -5
The owners will not use the revenue streams to help the team though. That's for them to make money off of to off set the losses they could take on the team. If they don't lose on the team, that's all just for them. But in any case. The only thing I could see real money on is the bar/club idea. Just like the Goldeyes have.
PPV has legal issues. I'm not ignoring other facts. These to me just seemed to be what I wanted to talk about.
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Post by jamiebez on Feb 24, 2005 14:05:00 GMT -5
"Outside ventures" don't go to the team, they go to the owners... um... isn't "the team" and "the owners" the same thing? No, it's not. Eugene Melnyk owns the Senators. He also owns Biovail, a pharmaceutical company. That doesn't mean if Biovail discovers a cure for cancer, the Sens can go sign Marcus Naslund and Joe Sakic. I know that's not the same as opening a restaurant or casino, but it might as well be. Business units are kept seperate for revenue purposes - new owners will want the hockey team to be profitable on its own. I make the distinction this way: could the revenue idea make money for someone who doesn't own the team/arena? If yes, then it's an outside venture, and won't help the team. I'm not dismissing the ideas on these pages out of hand. I've read every post on this forum and like I said - there are a lot of great ideas: standing room seats, premium games, webcasts, tax breaks, even PPV will could generate some money. Given the small building, I agree that it is important to consider as many alternate revenue sources as possible. My point is: these ideas aren't going to make the difference between getting a team and not getting a team - the CBA and ownership will. If there's a $50M cap, no amount of alternate revenue streams is going to make this team profitable in a 15,000 seat building in Winnipeg. |
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Post by Pitbull on Feb 24, 2005 14:27:41 GMT -5
Ah yes. The Casino. That could be something if they could get past the legalities of paying the government so much. Unlike what could happen in Pittsburgh with a casino, Winnipeg's casino's follow a different set of rules.
A casino inside the MTS centre could help a lot. That's one thing that I could see helping the team.
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Post by blackthorne on Feb 24, 2005 14:43:42 GMT -5
If there's a $50 mill. cap (and there won't be), why does that mean Winnipeg's payroll has to be $50 million?
Why can't Wpg's team payroll be $30 million?
There is no room inside the MTS Centre for a casino.
And Pitbull, PLEASE, when you have the time, go through all posts on this Revenue spinoff forum (on all 3 pages) and tell me which ones are worthless and won't make the Jets any money.
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Post by joelzillmanwpg on Feb 24, 2005 14:54:20 GMT -5
There is no room inside the MTS Centre for a casino. They can always build the Casino adjacent to the MTS Centre at the old Met Theatre... |
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Post by blackthorne on Feb 24, 2005 15:00:42 GMT -5
That's the kind of thinking I like to see Joel.
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Post by Pitbull on Feb 24, 2005 15:34:06 GMT -5
Hey Blackthorne, I just looked at the entire 3 pages. As I've told you on MSN, the Casino, Online Memberships, Pub/Bar/Club, Auctions, and Standing room only could work in terms of bringing good money in. Some of the other things have been done before and will work in the future but that won't make or break the bank. What would is the Casino and Pub/bar/Club.
As for PPV. I've said this many times, the legal issues would make it no profitable. The cable company must make money and the league makes money from that as well to distribute to the other teams in the league so the Jets would already see money from it.
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Post by vivianmb on Feb 24, 2005 21:45:58 GMT -5
so pitbull will we be seeing you at the runway hoisting jetfuel?  |
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Post by blackthorne on Feb 24, 2005 23:06:34 GMT -5
Should that special "Jets beer" (Jet Fuel) be white...?
They could make it with coconut or milk or something... it would be a truly unique beer...
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Post by Pitbull on Feb 25, 2005 0:53:44 GMT -5
NO way, have it blue. And make it some unique drink. Not even a beer. Although, Make Labatt Blue the bars sig beer.
Yeah, I'll meet you all there. I'll be the tanked guy that looks like Batista throwing moose fans out.
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Post by blackthorne on Feb 25, 2005 1:01:01 GMT -5
lmao; I love it!
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