greg.w.h said:
The key is revenue. Whatever it takes to support a program that regularly is in supers and Omaha is what we should provide seating for. Less capacity is more demand. Empty seats bring zero at park revenue.
I saw a great WSJ vid on the thinking in the latest Superdome reconfig and it addresses all forms of in-park revenue including getting people to their seats, limiting lines so they enjoy the game more, more club spaces, and so forth. It isn't just ticket sales. Though experience quality is just as important as price to help people feel good about the visit and have positive memories. So…allowing the complaints to not be meaningfully addressed is just not understanding the problem.
The flip side is overpricing the ticket denies revenue when in park. So we need to fund but we need to also make being there not a chore. We watch baseball (and other sports) as an escape not a job.
A&M gets a cut of the money off of seatgeek.dBoy99 said:
Nah...
We don't need to increase capacity. Just think, the AD could sell more tix, more tix means more seat donations, which means more $.
Instead seatgeek is getting 100% fee money.
dBoy99 said:
Nah...
We don't need to increase capacity. Just think, the AD could sell more tix, more tix means more seat donations, which means more $.
Instead seatgeek is getting 100% fee money.
This. Apparently, with the new demands on revenue that will come from paying athletes, we are not going to be able to finance major capital projects mostly through the issuance of bond debt. Instead, we are going to need more donor money up front.dermdoc said:dBoy99 said:
Nah...
We don't need to increase capacity. Just think, the AD could sell more tix, more tix means more seat donations, which means more $.
Instead seatgeek is getting 100% fee money.
We need lead donors for the renovation. I do not think the AD wants to lose money to Seat Geek.
When people see what the weather looks like, prices will drop, particularly Saturday and Sunday.dabo man said:
We need desperately to expand.
That having been said, we'll see what tickets are going for an hour before first pitch. I don't for a second believe people are going to pay $400 per for a non-conference game.
so you want football ticket holders to pay for Olsen field reno when most of them still won't get or don't want tickets. Or if you want current season ticket holders to pay for it, how much do you think you can get per season ticket holder. Since they'll need what 30+ million or even more. I thought the original price tag was 80 million and now take 30 million off of that since that in theory is already on the booksdBoy99 said:
Did we have lead donors for Kyle rebuild?
It was just a capital campaign and 10yr seat contracts. Why wouldn't that work?
We had big donors for Kyle. I don't know what those Founders Suites required, but it was a lot. If we were to add more suites at Olsen along the top of the grandstand, we'd lose more general seating and not generate nearly the kind of revenue that a football suite does.dBoy99 said:
Did we have lead donors for Kyle rebuild?
It was just a capital campaign and 10yr seat contracts. Why wouldn't that work?
What would you have them do about it?dBoy99 said:
No, I don't want football ticket holders to pay for Olsen expansion.
I'm a TMF donor and football ticket holder since 2002 and I can't get baseball season tickets. On the secondary market, GA/LAWN tickets for LSU are going for 10x face value.
That's ridiculous. And even more ridiculous that the TMF allows that to happen.
Which policy do you have in mind? I can't think of one that applies.dBoy99 said:
Enforce their ticket policy.
Where's the problem? If you contend that these sellers are people who purchased primarily for resale, do you have any evidence of that?Quote:
The 12th Man Foundation allows season ticket holders and fans to resell or transfer individual game tickets to other fans, including on the current Official Fan to Fan Ticket Marketplace of Texas A&M Athletics, if they are unable to attend an event.
dBoy99 said:
Did we have lead donors for Kyle rebuild?
It was just a capital campaign and 10yr seat contracts. Why wouldn't that work?
twk said:We had big donors for Kyle. I don't know what those Founders Suites required, but it was a lot. If we were to add more suites at Olsen along the top of the grandstand, we'd lose more general seating and not generate nearly the kind of revenue that a football suite does.dBoy99 said:
Did we have lead donors for Kyle rebuild?
It was just a capital campaign and 10yr seat contracts. Why wouldn't that work?
If we went from our current number of season tickets (less than 3000) to 5,000, and spread a capital campaign evenly across all seating levels (which obviously won't happen, but just as an example), you'd be looking at needing to raise $10,000 per seat in order to raise $50,000,000.
When you look at what we and our competitors charge for baseball season tickets, I don't think that is anywhere close to feasible. Half that much would be a big ask for our cheaper tickets, even if you spread it over ten years (and then, when you apply a present value discount, you aren't really raising nearly as much money as it sounds).
Without a new park with a lot more premium seating, ticket revenue (or mandatory capital campaign contributions) will probably only raise a fraction of the required funds. We are going to need some real philanthropy in order to get this done right. Maybe we will have the kind of year on the field that will inspire such gifts.
dBoy99 said:
I never said the TMF is trying to screw donors.
Sorry if my message was confusing. I am not selling.. I was making an observation that there were 4 for sale in my section and row and it looked like for every game this season... sorry about that...JeepWaveEarl said:
Duckblind - messaged you.
thisBocephus said:
We need to expand the park and add more club seating.
Money.TarponChaser said:
Is there anything stopping the athletic department from creating it's own ticket resale platform, solely for A&M tickets, and refusing to accept tickets sold via 3rd party resellers like SeatGeek or StubHub?
