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There is no doubt that Louisville fans' support of their team is (at this juncture) superior to that of us UConn fans. However, the Yum Center is bleeding money and that is because the sources of revenue that most event centers get are going to the AD instead of paying off the debt on the arena. Otherwise, why would an arena with 22k crowds be floundering while the XL center gets by on 10k at uconn games? The answer is that UL takes in about 90% of revenue at the Yum but 0% of debt (which was a 9.8m shortfall over the past year).
http://www.wdrb.com/story/23979320/kfc-yum-center-bond-debt-downgraded
'Critics, including some past authority board members, long have argued for changes to the lease agreement with U of L, whose basketball teams are the building's prime tenants. The move to the arena from Freedom Hall helped establish the men's basketball program as the nation's most lucrative, bringing in a $27 million profit in 2011-12, according to ESPN.
The university's deal with the arena authority largely allows U of L control over scheduling in the building during basketball season and the bulk of some arena revenues, such as proceeds from private suite sales. U of L keeps 88 percent of those monies, for example.
Moody's analysts wrote that the authority's revenue-sharing lease with U of L "limits the authority's profit upside from the successful anchor tenant."'
If YUM is smart like any other landlord, they would have asked for much bigger % of the overall revenue vs. settling for peanuts. I have no idea what pull UL had at that time, but they raped the city. As a result, their overall revenue skyrocketed while the city is going broke.