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Wednesday, October 10, 2018

Decline in single-game ticket sales has cost the Rangers an estimated $54 million in revenue since 2012

In May, when fan interest had gone into a nosedive, the Rangers issued a statement to The Dallas Morning News in which the club said another decline in attendance would not impact the long-term payroll and baseball-operations budget.

That resolve is about to be tested.

The final numbers have been posted. For the Rangers, it was a bloodbath that will put a strain on finances and raise a question as to whether a disenchanted segment of the fan base can be retrieved.

Some interesting information, for those curious about the financial aspects of the game.

QLE Posted: October 10, 2018 at 11:59 PM | 7 comment(s)
  Beats: rangers, revenues, tickets

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

 

 

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