12-07-2020, 11:53 AM
(12-07-2020, 10:54 AM)TecmoBengals Wrote: Their focus is first and foremost always about making money, winning is just a nice bonus.
Then they should focus a lot harder. They're not making nearly as much as they could.
When you have 20-30k unsold tickets for every home game that's going to be a sizeable dent in your income.
Let's just assume it's a 25k average for unsold tickets for the 8 homes in 2019, at an average ticket price of $70. That's 1.75 million a game, or 14 million a season. Since the tickets are split with the away team the Bengals lost roughly 7 million dollars last year in unsold tickets.
And that's just tickets. What about the loss in concessions, or team owned parking lots? That's probably a significant amount.
What about unsold luxury boxes? That's gotta be a decent chunk of change too.
Merchandise? Can't be doing well there either.
Advertising? Can't figure they're doing too well securing advertising dollars and sponsors when they have as little leverage as they do. How'd Papa John's and Gold Star's promos do after Bengals wins last season? I can't see companies lining up and paying the premium they would with a winner with a team like the 2019 Bengals.
I think it's very safe to say that Bengals lost on an absolute minimum of 10 million dollars last year by serving up a shitty product. And it's probably a lot more than that (closer to 20 than 10, maybe even over 20). Had they offered up a decent product this would have been money that went directly in their pocket.
