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Message: [QUOTE="CL82, post: 4242180, member: 44"] Did I say UConn loses money unless they sell 10,000 tickets? Link it, please. I did a quick and dirty computation in another thread, but in essence, the rental for the XL center is $40,000 +3 dollars per seat. So it cost us about 88,000 for a full house. Assuming a cost of $25 per ticket the gross revenue we would make would be about $390,000 (15,600 x 25) in the net profit of $302,000. At Gampel Arena we, essentially, keep our profit so 10,000 seats at $25 per seat comes out to $263,500, but at Gampel we also get parking in concessions revenue. Figure north and south garages park roughly 3000 each and add an event cost of five dollars per car that’s an additional $30,000. So revenue before concessions would be equal to $292,500 before concessions. Thus, if we make $9,500 per game in concessions, and I have no figures whatsoever on what we do in concessions, then a sold out game at Gampel makes the school as much money as a sold out game at the XL Center, notwithstanding the differences in capacity. Said differently a sold out game at the XL Center makes us less than $10,000 more than a sold out game at home, before any profit we make on concessions. Now let me pick a few knits before you do, this does not include seat license fees. I don’t have that information readily available. It also doesn’t include the relatively nominal costs to open up and staff Gampel. On the other hand, it also doesn’t include the costs of transportation to Hartford, accommodations in Hartford, if we’re still doing that, and meals in Hartford. But the big take away from all of this is that playing at the XL center is not a windfall for us in any way shape or form. In the analysis above was under the best possible circumstances, a complete sell out of the facility. If we’re not selling it out, we’re losing money. Helpful? [/QUOTE]

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