Just found a Newsweek article with my focus in mind. Of course it is nice to hear about my favorite team the Cowboys, but the real nugget inside this story deals with teams that have nice stadium can make money from them, and in the case of the NFL, drive salary caps up, and thus keep attracting all the talent.
Here's more, its a pretty decent article: Newsweek
Tuesday, June 30, 2009
Sunday, June 28, 2009
Recession burning premium seat sales?
A good article came out regarding what the economy is doing to premium seat sales... Apparently not much in a lot of market. All in all it seems teams are just being more creative.
Article Link: Luxury Box Article
Article Link: Luxury Box Article
Friday, June 26, 2009
Going Digital to get the Green
Well, the new Cowboys Stadium is making a lot of news articles recently. More and more, it seems there is something new the Cowboys are trying to make money. Barrons' story discusses how Cisco was hired to do wiring in the new stadium, to prepare the stadium for "21st century sports technology," whatever that means...
Anyway, the thought is that the Cowboys will start shooting their own game footage, and be able to sell their camera angles to American broadcasting companies, or sell the footage to new markets in Mexico and Latin America. Apparently, the idea behind this is to go after completely new and untouched streams of revenue...
Times are a changin'
Article Link: Barrons.com
Anyway, the thought is that the Cowboys will start shooting their own game footage, and be able to sell their camera angles to American broadcasting companies, or sell the footage to new markets in Mexico and Latin America. Apparently, the idea behind this is to go after completely new and untouched streams of revenue...
Times are a changin'
Article Link: Barrons.com
Thursday, June 25, 2009
Creating Wealth Courtside
As I work up to my final project, I will be posting more article regarding the evolution of luxury suites. Here are two articles that deal with the primal reason that stadium owners deal with luxury suites: wealth generation. For instance, the blog article from "The Life of Luxury" has an entry regarding what I am talking about. The blog mentions the new Cowboys stadium, and how the design of 300 suites of varying size and opulence have created a $90 million marketplace right in the stadium. That figure is incredible if you think about those 300 suites having a sum square footage in the thousands.
Adding to this article is a Forbes.com article comparing all the different luxury suites available across North America. Of real interest is how stadiums are trending towards clubs instead of suites. The article talks about the Yankees Legends Suites, which are priced at $2,500 per seat, per game, on a five, seven, or 10 year increments. Each of these seats will bring in millions of dollars.
However, the Yankee organization loves that they can make so much money, to be able to keep lower-end ticket prices down; very important when you take public money to finance the new stadium.
All in all, it is interesting to note that now professional teams are trending to higher-valued products, versus selling mass amounts of tickets.
Forbes.com Article
Adding to this article is a Forbes.com article comparing all the different luxury suites available across North America. Of real interest is how stadiums are trending towards clubs instead of suites. The article talks about the Yankees Legends Suites, which are priced at $2,500 per seat, per game, on a five, seven, or 10 year increments. Each of these seats will bring in millions of dollars.
However, the Yankee organization loves that they can make so much money, to be able to keep lower-end ticket prices down; very important when you take public money to finance the new stadium.
All in all, it is interesting to note that now professional teams are trending to higher-valued products, versus selling mass amounts of tickets.
Forbes.com Article
Monday, June 22, 2009
Finding a Franchise Honey Hole
If you have not checked out Forbes.com, their section SportsMoney has quite a few stories tackling the business behind owning major league franchises. For instance, San Francisco, post-Barry Bonds, and with a few mediocre seasons to boot, has the most value per fan at $78. The second place winner, with the smallest metropolitan area for Major League Baseball was Milwaukee, with a population of only 1.55 million. Their per fan value was $76. Not bad, and probably to improve in the coming years with their success and their well-appointed stadium.
Even more shocking, despite a recent World Series title (2003), The Florida Marlins have only an $11 value per fan, probably the result of poor game attendance and the lack of their own stadium. Good thing their new stadium is to open in 2012...
After doing more and more research, Forbes SportsMoney has the best information available regarding the simple economics of sports business. Look for more post with their analysis in mind soon...
Article Link:
MLB's Valuable Fans
Even more shocking, despite a recent World Series title (2003), The Florida Marlins have only an $11 value per fan, probably the result of poor game attendance and the lack of their own stadium. Good thing their new stadium is to open in 2012...
After doing more and more research, Forbes SportsMoney has the best information available regarding the simple economics of sports business. Look for more post with their analysis in mind soon...
Article Link:
MLB's Valuable Fans
Tuesday, June 16, 2009
Reacting to John Vincent
Here are my reactions to John Vincent's article, Equitable Media Coverage of Female and Male Athletics:
1.) Gauging media coverage: In the article, Vincent really examines everything about how women in sports are covered by the media. He comments that professional women athletes only get covered if they fit the typical idealized women in our society, and that other characterisitics about her may get swept aside in an effort to cover items about her sexual characteristics or dig into her personal life. He also brings up the variation of races, and how minority athletes, particulary African-Americans may be subject to racism within coverage. Vincent uses results from other studies regarding articles position, placement, word count, word usage, and all other typical forms of media metrics to come up with his argument for this paper.
2.) The most important thing Vincent sums up in the article he thinks how women athletes are covered is a reflection of how we view women in society. Since he feels the media has a lot of control over how women are viewed in society, he thinks that the media should be more proactive in covering female atheltics. Before the conclusion, Vincent talks about all the metrics which the media should watch for, and he advocated that efforts be made to serve eqaulity in those regards.
3.) Personally, I do not think his reccomendations are realistic or appropriate for the media to undertake. The media exists to inform society, and I don't think the media should be responsible for changing a society's values, when maybe it is not the society's problem. Covering media with a more feminist approach becomes tricky for the media to just simply do.
1.) Gauging media coverage: In the article, Vincent really examines everything about how women in sports are covered by the media. He comments that professional women athletes only get covered if they fit the typical idealized women in our society, and that other characterisitics about her may get swept aside in an effort to cover items about her sexual characteristics or dig into her personal life. He also brings up the variation of races, and how minority athletes, particulary African-Americans may be subject to racism within coverage. Vincent uses results from other studies regarding articles position, placement, word count, word usage, and all other typical forms of media metrics to come up with his argument for this paper.
2.) The most important thing Vincent sums up in the article he thinks how women athletes are covered is a reflection of how we view women in society. Since he feels the media has a lot of control over how women are viewed in society, he thinks that the media should be more proactive in covering female atheltics. Before the conclusion, Vincent talks about all the metrics which the media should watch for, and he advocated that efforts be made to serve eqaulity in those regards.
3.) Personally, I do not think his reccomendations are realistic or appropriate for the media to undertake. The media exists to inform society, and I don't think the media should be responsible for changing a society's values, when maybe it is not the society's problem. Covering media with a more feminist approach becomes tricky for the media to just simply do.
Monday, June 15, 2009
The World's Largest HD TV
So, the new Cowboys Stadium had it's grand opening on June 6, with country music star George Strait in concert. Having George Strait open your new stadium creates quite the stir in Texas, but probably what has Cowboys ownerJerry Jones more excited is the new HD TV that took four months to install in the stadium.
The Dallas Morning News has the best details concerning what now is the world's largest HDTV: DMN Story
What really wasn't in that story was since fans in the nosebleed sections now have a good a view as fans in the more expensive seats, Jones can now charge a premium for even the upper deck seats. Who ever though buying a TV could be such a good business move?
Photo Credit: Matt Stocum/AP
Wednesday, June 10, 2009
Welcome to the Club Level!
Welcome to The Club Level!
This blog will focus on following the money behind the sports. --From high-dollar trade deals and new stadiums to premium club seating and marketing to high-end clients and fans. In other words, if there is an item concerning money and sports, it could make it's way to the blog.
Before following the money, let me tell you about the editor. I am Jonathan Groves, and I started this blog as part of an ongoing class project. I am an avid Dallas Cowboys fan, thus the club level panorama from the new stadium. Other than following the Cowboys and the other Dallas Teams, I enjoy skiing and fishing as my "primary" sports.
Part of what I find interesting about sports in the United States is all the money that gets spent and invested in all facets of sports. Americans spend large sums of money on things from hitting lessons for their chuld in Little League, all the way to premium club seats. So, basically following the previous thought process is the inspiration for this blog.
Cheers,
Groves
This blog will focus on following the money behind the sports. --From high-dollar trade deals and new stadiums to premium club seating and marketing to high-end clients and fans. In other words, if there is an item concerning money and sports, it could make it's way to the blog.
Before following the money, let me tell you about the editor. I am Jonathan Groves, and I started this blog as part of an ongoing class project. I am an avid Dallas Cowboys fan, thus the club level panorama from the new stadium. Other than following the Cowboys and the other Dallas Teams, I enjoy skiing and fishing as my "primary" sports.
Part of what I find interesting about sports in the United States is all the money that gets spent and invested in all facets of sports. Americans spend large sums of money on things from hitting lessons for their chuld in Little League, all the way to premium club seats. So, basically following the previous thought process is the inspiration for this blog.
Cheers,
Groves
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