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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) Login to Bookmark
  Tags: rangers, revenues, tickets

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   1. The Duke Posted: October 11, 2018 at 08:54 AM (#5764493)
When the things that happen between innings are more entertaining than the game, and it costs $200 a night for the privilege, then attendance will decline.

Games take a long time to play - they ought to sell tickets for $10 bucks after the fourth inning to get people to come - in cities where traffic is a problem, they’d probably get a lot of takers.
   2. DJS vs. The White Knights Posted: October 11, 2018 at 10:22 AM (#5764528)
Considering the Rangers are already getting a *second* park, 25 years after the first park opened, that taxpayers are paying hundreds of millions of dollars for, I don't have much sympathy about the poor Rangers losing $9 million a year in stadium revenue.

And frankly, either the Rangers are putting an intellectually dishonest spin on the issue or the analyst in the piece is incompetent (or both). Why would an increase in attendance during a 93-win season after two consecutive World Series appearances to a level that was half-a-million above any attendance the Rangers ever had be established as some new baseline expectation?

Texas complaining they've "lost" money since 2012 is like someone who wins the lottery in 2015 doing a "woe is me" about how much their income dropped in 2016-2018 from 2015.
   3. DL from MN Posted: October 11, 2018 at 10:25 AM (#5764532)
The caption under the photo mentioned record heat being an issue also. Who wants to watch a ballgame in 108 degree heat?
   4. Tom Nawrocki Posted: October 11, 2018 at 10:57 AM (#5764565)
Texas complaining they've "lost" money since 2012 is like someone who wins the lottery in 2015 doing a "woe is me" about how much their income dropped in 2016-2018 from 2015.


Yes, the headline is very misleading. The Rangers haven't lost $54 million since 2012; they've made $54 million less than they wanted to.

And the short answer to this problem is, of course, try fielding a team that doesn't lose 95 games.
   5. Jesse Barfield's Right Arm Posted: October 11, 2018 at 11:13 AM (#5764579)
Yes, the headline is very misleading. The Rangers haven't lost $54 million since 2012; they've made $54 million less than they wanted to.


This is also misleading. The headline said "cost," not "lost."
   6. Pat Rapper's Delight (as quoted on MLB Network) Posted: October 11, 2018 at 11:49 AM (#5764598)
The caption under the photo mentioned record heat being an issue also. Who wants to watch a ballgame in 108 degree heat?

Mid July was hot af in Dallas, but there was nothing all that unusual about June or August. August in particular had almost as many days with highs in the 80's (4) as 100's (6).
   7. Fancy Crazy Town Banana Pants Handle Posted: October 11, 2018 at 03:52 PM (#5764773)
Yes, the headline is very misleading. The Rangers haven't lost $54 million since 2012; they've made $54 million less than they wanted to.

This is still misleading. Or more precisely, the wrong way to look at it.

The proper framing is something like: String of 4 90 plus win seasons, including 2 AL pennants, and WS appearances, made the Texas Rangers and additional ~$25m due to unsustainably high attendance.

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