Winnipeg Attendance

[NyQuil]

Considering that revenue was from the previous season Einstein

I didn’t realize two of the best 5 players in the league were rookies last year Heisenberg

You’re confusing “crazy” with “I should hope so” .

 

[VivaLasVegas]

Still think ya'll are overlooking that Winnipeg's owner has $60+B in wealth. To put this in perspective, if he just took his money and put it in the bank at 1% interest, that would still be $660M per year in income. The point being that he might not lose much sleep if the stadium was half-empty if he otherwise wanted to keep the team in Winnipeg for whatever reasons.

IMHO, the really fascinating issue here is why the fans of other teams would even care about the attendance figures of another team. What is the interest?

 

[tantalum]

Yeah, but the Jets' owner has like $60+B so this difference wouldn't even be a noticeable rounding error.

If the Jets were owned by the Poor Sisters of the Downtrodden who were using the business profits to buy their daily macaroni & cheese these attendance figures might be a big deal, but such is not the case.

Also, for all the owners, the real profit is in franchise appreciation. Just look at Meruelo and that mess that he had in Phoenix with the Coyotes playing their last years in a college stadium with limited seating. At the end of the day, Meruelo paid $425M for the franchise and sold it for a cool $1B -- a profit of $575M.

Yes a lot of the value is from appreciation of franchises. Of course it is. However part of that appreciation is tied to the individual balance sheet of the franchise and the league is still very much gate driven. So the Jets may indeed appreciate in value but a person with that much money may rather have it in another franchise or investment that is appreciating at a greater rate. I'd wager if you did the numbers the yearly appreciation rate of the franchise value is somewhere between 10-15% for the jets. It's OK but it's not mind blowing. Not for that level of investment.

 

[OG6ix]

Still think ya'll are overlooking that Winnipeg's owner has $60+B in wealth. To put this in perspective, if he just took his money and put it in the bank at 1% interest, that would still be $660M per year in income. The point being that he might not lose much sleep if the stadium was half-empty if he otherwise wanted to keep the team in Winnipeg for whatever reasons.

IMHO, the really fascinating issue here is why the fans of other teams would even care about the attendance figures of another team. What is the interest?

Are you talking about Thomson who is a minority owner? Begs the question, If he loved hockey in winnipeg so much why didn't he just buy the entire team which was not even 1 percent of his net worth (170 million)?

 

[tantalum]

@tantalum said upthread that they reduced the prices of season tickets and still barely increased sales. I hadn’t heard of that before but if accurate, it’s a really bad sign that they are approaching the cliff. Reducing the price of tickets is damn near unheard of in the modern NHL, and the lack of response from the customer base suggests the prices are still beyond the actual market value of the tickets. Which means attendance will continue to drop, or the team needs to cut prices even more which is a non-option.

https://www.cbc.ca/news/canada/manitoba/winnipeg-jets-season-tickets-1.7350815

They remark $2.6 mil in "additional" ticket revenue. 500 season tickets, say, 45 home games including pre-season and it's ~$115 per ticket average per game. However, given what I read from earlier in the year in that when they sent out the renewal prices at a ~10% price drop (depending on ticket level...for example the highest went from $8002 to $7181). So I don't think it is $2.6 mil additional revenue compared to last year. It's 500 additional season tickets and slightly less revenue from last year.

They want to get to 13,000 because it gives them a solid base and it makes it easier to get a premium on those game day tickets. And they are already dealing with a small arena.

 

[Monkey D Luffy]

It’s a village in the middle of nowhere. This isn’t exactly shocking.

Village in the middle of nowhere with 1 million residents?

 

[VivaLasVegas]

However part of that appreciation is tied to the individual balance sheet of the franchise and the league is still very much gate driven.

Well, maybe or maybe not. The Utah buyers of the Coyotes probably didn't spend a lot of time looking at the Coyotes' attendance figures when they paid Meruelo his $1B.

Also, sports franchises are more playthings/ego trips or serve other purposes for billionaires and so their decisions are not based strictly upon monetary considerations.

Still I am fascinated by why the fans of other teams would even care about another team's attendance. What is the interest?

 

[BB79]

You're wondering why, on Canadian Thanksgiving, people may not attend a dinner-time game?

I'm more wondering why the idiots at NHL headquarters thought it was a good idea having home games in Canada on their Thanksgiving day? It isn't like they do that on American Thanksgiving.

 

[Bender Duster]

Are you talking about Thomson who is a minority owner? Begs the question, If he loved hockey in winnipeg so much why didn't he just buy the entire team which was not even 1 percent of his net worth (170 million)?

Because he's obviously not in it for the money? If you've ever seen him interviewed it's pretty clear that he's not the type of guy who would want the hassle of having to do things majority owners do like vote on rule changes, attend board of governors meetings, deal with expansion, etc.

 

[OG6ix]

Because he's obviously not in it for the money? If you've ever seen him interviewed it's pretty clear that he's not the type of guy who would want the hassle of having to do things majority owners do like vote on rule changes, attend board of governors meetings, deal with expansion, etc.

You don't need to that as an owner. You could always hire someone to deal with that. Seems like a cop out answer.

 

[Bender Duster]

You don't need to that as an owner. You could always hire someone to deal with that. Seems like a cop out answer.

Or instead of hiring someone, you could alternatively be a co-owner and let the other co-owner be the chairman of the team and face of the ownership group...hmmmm.

 

[OG6ix]

Or instead of hiring someone, you could alternatively be a co-owner and let the other co-owner be the chairman of the team and face of the ownership group...hmmmm.

Doesn't seem like Mark Chipman thinks of Thomson as a white night with these comments... hmmm

 

[gojetsgo]

Doesn't seem like Mark Chipman thinks of Thomson as a white night with these comments... hmmm

View attachment 916993

hmm, it's almost like you took a quote out of context and used it to try and make a point... he was saying that it will be unsustainable for the jets to keep spending to the cap if attendance doesn't go up...

 

[LEAFANFORLIFE23]

Yeah Canada aint ever getting another team.

I also doubt Winnipeg will be there in 10 years

There is no reason to believe Winnipeg is moving.

You just hate the Jets and want them gone.

 

[HockeyVirus]

I am less interested in the Jets attendance and more if Betman will fight for the Jets like he did the Coyotes. A lot of Canadian fans feel like he actively hates us and would move most of the teams if he was given the choice without the blowback.

 

[Pavel Buchnevich]

The biggest issue the fans know it’s a mediocre team. Barely make the playoffs or barely miss it. No more than round one. Chevy needs to be fired and they need to put a more exciting team out there.

 

[tarheelhockey]

I can't recall one time where I had the urge to look up other teams attendance figures. Does it really matter so much to care about the finances of a team you have no investment in whether it is financial or emotional? I hope not.

IMHO, the really fascinating issue here is why the fans of other teams would even care about the attendance figures of another team. What is the interest?

Still I am fascinated by why the fans of other teams would even care about another team's attendance. What is the interest?

Is it really so fascinating that people on a hockey forum are interested in hockey industry topics?

In the case of Winnipeg specifically, for many of us this is a 30+ year storyline. Just a few years ago the narrative was that Winnipeg was bananas about NHL hockey and there would be no end to the season ticket waiting list. So this recent development is quite a turn of events.

Still think ya'll are overlooking that Winnipeg's owner has $60+B in wealth. To put this in perspective, if he just took his money and put it in the bank at 1% interest, that would still be $660M per year in income. The point being that he might not lose much sleep if the stadium was half-empty if he otherwise wanted to keep the team in Winnipeg for whatever reasons.

Hopefully this protects the Jets from any worst case scenario. But it’s not great to be in a position where the only thing protecting you is an owner willing to take infinite losses and an assumption that these circumstances won’t change.

 

[I Hate Blake Coleman]

Thanksgiving, obviously.

Food is expensive as f***. Family dinner vs early season, high price hockey tickets? Easy choice.

 

[Golden_Jet]

Why did Op need a new thread for this, also maybe pick a game where people aren’t having thanksgiving dinner with families

 

[Monkey D Luffy]

There is no reason to believe Winnipeg is moving.

You just hate the Jets and want them gone.

What gave it away? The fact that they're a Leafs fan?

Leafs fans are still in the denial stage that we live rent free in their heads. We're the anti-Leafs, infinitely more likeable, less corporate, and have a soul.

 

[Brookbank]

I remember when Carolina and New Jersey almost went bankrupt (nevermind the sun belt) and hardly a thing was said about it.

But when the Jets don't sell out , we a full time concern troll thread

Well, maybe or maybe not. The Utah buyers of the Coyotes probably didn't spend a lot of time looking at the Coyotes' attendance figures when they paid Meruelo his $1B.

Also, sports franchises are more playthings/ego trips or serve other purposes for billionaires and so their decisions are not based strictly upon monetary considerations.

Still I am fascinated by why the fans of other teams would even care about another team's attendance. What is the interest?

Carrying Gary's water and concern trolling mostly.

 

[Lazlo Hollyfeld]

Still think ya'll are overlooking that Winnipeg's owner has $60+B in wealth. To put this in perspective, if he just took his money and put it in the bank at 1% interest, that would still be $660M per year in income. The point being that he might not lose much sleep if the stadium was half-empty if he otherwise wanted to keep the team in Winnipeg for whatever reasons.

IMHO, the really fascinating issue here is why the fans of other teams would even care about the attendance figures of another team. What is the interest?

It's a great question. There was a thread about the Red Wings home opener and people speculating about a dying fanbase all because one game that coincided with a Detroit Tigers playoff game.

It's weird to me to track let alone care about another team's attendance, unless it's to such a severe level that it jeopardizes a franchise.

 

[Romang67]

Sub 13k during a long weekend [...] What gives Winnipeg?

I have highlighted where in the OP you should have paused and thought about if you may have answered your own question. Hope that helps.

 

[tarheelhockey]

I remember when Carolina and New Jersey almost went bankrupt (nevermind the sun belt) and hardly a thing was said about it.

Did you take a couple of years away from HFBoards or something?

 

[Rcknrollkillnmachine]

Ontario can easily support another team.

Sure, Jan. Ontario is not getting another team.