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/
September 11, 2015: Empty seats have been an issue for the Yankees in recent seasons, but this was a new low. They’re averaging 40,007 fans this season, which is good for fourth in MLB, but nowhere near where they were in the previous decade when Yankee Stadium was sold out even in meaningless games. So, why the especially low turnout even for current times for these critical games? It really made me think about why I was watching a big Yankees game with the stadium quiet and rows of empty seats. It can’t just be the issues with the new stadium that we have heard about forever. Is it as simple as just the ticker prices? You can still get into Yankee Stadium for extremely reasonable prices on StubHub. So, I wonder if this overall negative attitude about the team is why people aren’t showing up to the ballpark.The fans said they wanted younger players and the Yankees have delivered on that, but it hasn’t done anything to change the attendance numbers or the angry Twitter mob. Is it going to take the Yankees winning 100 games a year again for fans to show back up? Hopefully that is not the case, but if this team is getting no love you wonder if it that’s what it’s going to take. http://itsaboutthemoney.net/archives/2015/09/11/whats-up-with-the-yankees-attendance/
...I was told awhile back that that revenue is insignificant and doesn't really matter...lol. ...I won't mention any names because, well, it's my day to be nice.
LMAO, You are such a Gentleman 59...... I wonder if revenue being insignificant, has got to be an addendum to Trashman and Hanks "Master Plan"......lure 'em to sleep, then bust us all inside with Fan Chin Music........my ears are ringing, like the Bells of Saint Peter's.......(the AL East or WC).... ????
I was taught "revenue is always significant" to ensure any endeavor in many ways and forms. I don't even see a paradigm shift that creates insignificance. What am I missing? Cooking the books by 'un-audited' cash flow? Which would be manipulating a non-story......or creating ones own stir to gain readers???
...lol...No, actually, your assertion that $400+ Million is somehow "insignificant" is a "fail"... and a hilarious one at that.
Ticket revenue of $400M was 2009 and includes post season. This analysis is referring to 2013 to 2014 season differentials. 5% reduction in this sales, roughly from $285M to $270M....lets call it a loss of $15M. Yes, that is in fact, insignificant. Tix revenue isn't the primary (majority) driver for this organization...why? Revenue even at $400M/yr doesn't support a PnL that produces a $3.2B market cap. On the other hand, if you look at the Fox deal, $6B over 30 years, 2013-2042, that's the primary driver for this organization. Looking at the amortization schedule its pretty obvious the Steins are trying to use the cable deal to cover salary, biding there time to maintain lower operating costs until after 2018. As I have asserted previously and this article supports, they can absorb waning tix revenue just fine. Another team would be far more dependent where there tix revenue was a greater component of franchise worth.
....^^^ Wow, I damn near forgot about this noted post. From 2013, and still to this day, IMO, one of the more insightful posts on this board since..... Thanks - 59......!~
