Ticket/Attendance Discussion: The Sequel

[voyageur]

100% right.

There is some serious PTSD here from the 90s and it shows. This isn't the 90s... the issues that led to the demise of the Jets in the 90s are simply not an issue anymore.

Revenue Sharing and the Salary Cap didn't exist in the 90s. On the contrary the Jets paid the 2nd highest salary in the league their final year, after the Hawks tried to poach Tkachuk. But all the factors like the Canadian dollar, competing with new rinks with better luxury suite capacity, and crooked Winnipeg Enterprises don't exist now.

The Jets gate revenue isn't the worst in the league, I'm sure because of the price point they are in the bottom 10, but not bottom 5 in terms of gate receipts.

Probably top 20 in merchandising, which is revenue shared.

The investment by True North has made the team profitable with playoff appearances. They could cut their investment in salaries, but I think the league revenues are strong enough to keep the team competitive, in spite of being the smallest market, and unlikely to sell out on a regular basis.

 

[jungles]

The crowd shots they chose for this story about attendance at 2:00 are ridiculous. Literally looks like they picked footage from when the game was over.

 

[Boonk]

The investments they made downtown is a valid argument against selling/moving the team. However, the part about how the team rose in value from 170m to 1+ billion isn’t. If anything, it’s 800+ million in TNSE’s pockets as profit if they sell the team to a buyer that wants to move them based on the decision that Winnipeg can’t support an NHL team (frankly, based on last year and this year thus far, Winnipeg is giving plenty of reasons to the media to make this conclusion. Not saying it won’t turn around, but it’s not a good look.)

Terrible argument lol.

Net worth and assets increase with more revenue and profits. You dont earn near 10x your return of a $170mil investment if youre not earning profits in your market.

 

[White Out 902]

It's actually really not a terrible argument. The rise in value of the franchise is only realized when you sell it.

 

[Andy6]

Terrible argument lol.

Net worth and assets increase with more revenue and profits. You dont earn near 10x your return of a $170mil investment if youre not earning profits in your market.

The value of the Jets as an asset largely isn’t a reflection of their profitability in Winnipeg. If the NHL permanently forbade their relocation, no one would dream of paying a billion for them (maybe they would if there were the prospect of a large amount of free money from new NHL expansion fee payments, but not on the basis of what they are extracting from the local marketplace). A pro sports franchise is a very scarce commodity and the value would lie in how what they could produce for a new owner once moved to another city.

 

[Buffdog]

It's actually really not a terrible argument. The rise in value of the franchise is only realized when you sell it.

Just like your house and all your investments

 

[Joe Hallenback]

Ask me how many season tickets my corporation has for the Jets. Its a pretty huge one over 30 Billion worth and has a somewhat large presence in the province

 

[sipowicz]

An NHL arena for the Jets in south Winnipeg and every game is sold out with 16K plus!

Ask me how many season tickets my corporation has for the Jets. Its a pretty huge one over 30 Billion worth and has a somewhat large presence in the province

Okay, will play along, how many?

 

[Joe Hallenback]

An NHL arena for the Jets in south Winnipeg and every game is sold out with 16K plus!


Okay, will play along, how many?

4

 

[Cypruss]

I run a smaller branch in MB with about $18 million in revenues - part of a $400M overall Canadian company. Ask me how many times they have contacted my company about corporate ticket support. Hint: It is the same amount of times that they returned my calls back in 2016 (could have been 2017) when I reached out to them to get some tix...

Never mind.
Don't ask me.

 

[The Blue Baron]

The crowd shots they chose for this story about attendance at 2:00 are ridiculous. Literally looks like they picked footage from when the game was over.

TSN can suck my ________. I officially dislike this network.

 

[JetsWillFly4Ever]

It's actually really not a terrible argument. The rise in value of the franchise is only realized when you sell it.

This is true for every ridiculously rich person in the world. Bezos Amazon stock, Musk Tesla stock. They don't actually have cash on hand, they would need to sell it.

They never will though, they can just take out virtually interest free loans against it instead.

The only way the Jets would be in trouble is if they get significantly cash flow negative for a long-period of time. They would likely cut the teams salary before this, I don't really think its ever going to be a realistic problem.

 

[Gm0ney]

You're obviously not an investment advisor

"I'm going to sell the investment that has appreciated by 640% over 13 years because revenue is down a bit"

What would TNSE do with that $800M that would have the same return? Throw it in a GIC? Lol

Including the current USD exchange rate (since the CAD was at par in 2011), the value of the team is growing at about 17.5% per year.

 

[Section 325]

It's actually really not a terrible argument. The rise in value of the franchise is only realized when you sell it.

And when you use it as leverage.

The value of the franchise most certainly comes in to play when considering all of the investments they have made in the surrounding community, like the enormous investment they are making in Portage Place.

 

[blueandgoldguy]

Ask me how many season tickets my corporation has for the Jets. Its a pretty huge one over 30 Billion worth and has a somewhat large presence in the province

Sorry, $30 billion worth? What's that mean? Your company has $30 billion in assets? $30 billion market cap? Just curious...

 

[blueandgoldguy]

Probably will only be around 12,000 tonight and Thursday night.

 

[jokesondee]

Probably will only be around 12,000 tonight and Thursday night.

Should get a bumper after the Bombers season is over. November 18.

 

[Section 325]

I run a smaller branch in MB with about $18 million in revenues - part of a $400M overall Canadian company. Ask me how many times they have contacted my company about corporate ticket support. Hint: It is the same amount of times that they returned my calls back in 2016 (could have been 2017) when I reached out to them to get some tix...

Never mind.
Don't ask me.

I think an issue is that the business community got somewhat blocked out by the way tickets were distributed from the get go. The insurance company I used to work for has a huge presence in Western Canada but didn't have anything for the Moose before the Jets came. They didn't get priority because of that.

I know they tried and failed to get a private suite but those sold out before the general on sale. They needed to settle with only 4 season tickets and, from what I heard, they barely got those. The same company has two private suites in each Edmonton and Calgary.

 

[abax44]

Sorry, $30 billion worth? What's that mean? Your company has $30 billion in assets? $30 billion market cap? Just curious...

Wellington-Altus Financial Inc (just speculating).

 

[Hank Chinaski]

Don’t care what the attendance was tonight (just under 13K?), atmosphere tonight felt more electric than any Jets games I’ve been to post pandemic (regular season, at least).

I expect Colorado on Thursday will be lit, as the kids say.

 

[VictoriaJetsFan]

The individual who scheduled any game on the same night as the US presidential election is an incompetent idiot.

 

[Buffdog]

The individual who scheduled any game on the same night as the US presidential election is an incompetent idiot.

We may play a few more games before they call that mofo lol

 

[Whis]

Attendance is clearly up this season. The hysteria can end. Jacob Stoller tried to rile people up by saying there were a ton of empty seats, 13k is a big improvement on the 11k we would have had for this game last season.

 

[bustamente]

By capacity the Jets are doing better than a lot of teams, the team is doing better getting people to go to games but a team that is 12-1 should be playing in front of packed houses. TNSE still has a lot of work to do in the coming months for this year and the following ones.

 

[DRW204]

By capacity the Jets are doing better than a lot of teams, the team is doing better getting people to go to games but a team that is 12-1 should be playing in front of packed houses. TNSE still has a lot of work to do in the coming months for this year and the following ones.

The avg capacity of the teams they're ahead of (10 of them) is 18.5k with average attendees of 15.7k. The %s can swing a bit wilder in either direction for the Jets bc they're total capacity is small (10k fans is worth 65% to the Jets vs 54% to the 10 teams behind them)