As someone who has worked in the sports industry for almost 30 years, I just want to make a few points. None of this is opinion. Just facts. React as you wish.
- The $40k per game XL venue rental is not above market rate, nor is it outlandish. I haven’t negotiated an arena deal since pre-Covid, but I was involved in rental negotiations for non-soccer events at three MLS venues in the summer of 2022. Those single day rental fees were between $85k and $140k.
- The CRDA can lower that $40k rental fee because they have the power to do so.
- Not much can be done about those approximately $25k/game ticket fees Stephanie Ritz is complaining about.
- For those saying that ancillary revenue is inconsequential chump change… you are simply wrong. May I remind you that the narrative about the Whalers leaving town due to poor attendance is nothing more than a complete myth. The team had a healthy, if unspectacular, season ticket base and about a third of the NHL teams had lower average attendance than the Whalers. The Whalers demise had everything to do with the fact that the team received almost no money from parking, concessions and suite revenue.