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

Stadium Issues 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

Friday, July 27, 2018

Report: Mariners won’t sign Safeco Field lease unless they get $180 million in taxpayer funds

An understatement, to put it mildly:

In May, the Seattle Mariners proudly announced that they had agreed to terms on a new 25-year lease that would have kept them in Safeco Field through the 2049 season. The team had an ambition vision for the stadium’s place in Seattle.

“We want this ballpark to be our home for the next 100 years. Safeco Field should be to Seattle and to the Mariners what Wrigley Field is to Chicago and the Cubs and Fenway Park is to Boston and the Red Sox,” Mariners chairman and managing partner John Stanton said in a statement at the time.

Apparently, that plan has hit a rather large snag.

 

QLE Posted: July 27, 2018 at 08:14 PM | 17 comment(s)
  Beats: greed, mariners, safeco field, seattle, stadium issues

 

 

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Dynasty League Baseball

Support BBTF

donate

Thanks to
Backlasher
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogOTP 2018 September 17: How Brett Kavanaugh explains his baseball ticket debt
(916 - 4:41am, Sep 19)
Last: manchestermets

NewsblogChristian Yelich makes baseball history with second cycle of season
(19 - 3:48am, Sep 19)
Last: The Yankee Clapper

NewsblogRangers' Adrian Beltre remains undecided about playing next season. Here's what he is certain of regarding the end.
(31 - 3:10am, Sep 19)
Last: bobm

NewsblogHow to fix baseball? Two ways MLB can improve its product without changing the game on the field
(62 - 2:27am, Sep 19)
Last: JAHV

NewsblogGoin' to Carolina in OMNICHATTER's mind, for September 18, 2018
(102 - 1:25am, Sep 19)
Last: perros

NewsblogOT - 2018 NBA Thread (Pre-Season Edition)
(340 - 12:42am, Sep 19)
Last: stevegamer

Gonfalon CubsThe Final Push
(106 - 12:26am, Sep 19)
Last: What did Billy Ripken have against ElRoy Face?

NewsblogOT - Catch-All Pop Culture Extravaganza (September 2018)
(342 - 11:41pm, Sep 18)
Last: Omineca Greg

NewsblogOT - August/September 2018 College Football thread
(238 - 10:59pm, Sep 18)
Last: this is normal 57i66135. move on, find a new slant

NewsblogSherman - Statistical Revolution Is Killing The Next Generation Of MLB Fans
(29 - 10:18pm, Sep 18)
Last: Los Angeles El Hombre of Anaheim

NewsblogPrimer Dugout (and link of the day) 9-18-2018
(51 - 8:42pm, Sep 18)
Last: AndrewJ

NewsblogWho’s in and who’s out of the MLB postseason?
(13 - 8:35pm, Sep 18)
Last: cardsfanboy

NewsblogOrioles match club record with 107th loss, 5-0 to Blue Jays before tiny home crowd
(31 - 8:05pm, Sep 18)
Last: donlock

NewsblogHeard the song of a poet who died in the OMNICHATTER! for Sept. 17, 2018
(123 - 7:56pm, Sep 18)
Last: AT-AT at bat@AT&T

NewsblogOT: Soccer Thread (2018-19 season begins!)
(781 - 7:42pm, Sep 18)
Last: AuntBea calls himself Sky Panther

Page rendered in 0.9046 seconds
49 querie(s) executed