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.

 

[cg98]

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.