Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo

News

All News | Prime News

Old-School Newsstand


Contributors

Jim Furtado
Founder & Publisher
Repoz
Editor - Baseball Primer

Syndicate

Revenues Newsbeat

Monday, July 30, 2018

As Companies Lose Tax Deduction for Tickets, Baseball May Pay the Price

One point not mentioned in the article: Much involving the rush for new facilities (in baseball and other sports) in the last few decades has involved trying to increase luxury boxes, and to otherwise appeal to this corporate audience. If they stop buying tickets, does the demand for new facilities decline?

Also as a side-note: I’ve used the print version of the headline rather than the online one- felt it was a lot clearer, and it didn’t violate Betteridge’s Law.

Tyler Graffeo, the president of Interstate Truck Center, generated a lot of business while entertaining clients in luxury suites at Royals baseball and Chiefs football games in Kansas City, Mo., the past three years.

But on Jan. 1, something changed that helped push Graffeo to give up at least one of those suites. Built into the Tax Cuts and Jobs Act, which went into effect this year, was a provision stripping out the 50 percent deduction for business entertainment expenses from the tax code.

Until this year, the $200,000 spent on the seats in a suite at the Royals’ Kauffman Stadium effectively cost the business $100,000, and a concern like Interstate Truck Center saw the expense as an investment in happy clients. The team, of course, funneled that money toward its profit margin, general expenses and player payroll.

 

QLE Posted: July 30, 2018 at 08:22 AM | 18 comment(s)
  Beats: revenues, stadium issues, taxes, tickets

 

 

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Dynasty League Baseball

Support BBTF

donate

Thanks to
Dock Ellis
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOT - Catch-All Pop Culture Extravaganza (September 2018)
(350 - 12:08pm, Sep 20)
Last: Lassus

NewsblogOTP 2018 September 17: How Brett Kavanaugh explains his baseball ticket debt
(1350 - 12:07pm, Sep 20)
Last: The usual palaver and twaddle (Met Fan Charlie)

NewsblogOT: Soccer Thread (2018-19 season begins!)
(804 - 12:07pm, Sep 20)
Last: SPICEY WITH A SIDE OF BEER ON A BABYYYYYYY

NewsblogDodgers bash their way to MLB history with record-tying seven 20-homer hitters
(4 - 12:03pm, Sep 20)
Last: puck

NewsblogSnell wins 20th, ties Rays record in 4-0 victory over Texas
(26 - 11:54am, Sep 20)
Last: Fernigal McGunnigle

NewsblogOrioles match club record with 107th loss, 5-0 to Blue Jays before tiny home crowd
(42 - 11:54am, Sep 20)
Last: BDC

NewsblogMinor league baseball players exploring union as they continue to battle low wages
(13 - 11:34am, Sep 20)
Last: Pat Rapper's Delight (as quoted on MLB Network)

Sox Therapy11 Days Later
(74 - 11:19am, Sep 20)
Last: ERROR---Jolly Old St. Nick

NewsblogIs Red Sox' slump temporary, or did they come back to earth?
(2 - 11:17am, Sep 20)
Last: bobm

NewsblogRed Sox division title banner falls off truck; its return may cost them - The Boston Globe
(31 - 11:12am, Sep 20)
Last: Never Give an Inge (Dave)

NewsblogOT - 2018 NBA Thread (Pre-Season Edition)
(418 - 11:05am, Sep 20)
Last: Der-K: at 10% emotional investment

Sox Therapy6,036 Days
(12 - 10:50am, Sep 20)
Last: villageidiom

Gonfalon CubsThe Final Push
(132 - 10:30am, Sep 20)
Last: Misirlou doesn't live in the restaurant

NewsblogTaking Back the Ballparks - Los Angeles Dodgers
(18 - 7:32am, Sep 20)
Last: Tom T

NewsblogIt's not a tantrum, it's a cry for OMNICHATTER! for Sept. 19, 2018
(89 - 1:55am, Sep 20)
Last: Bote Man the walk-off king

Page rendered in 0.9798 seconds
44 querie(s) executed