UConn the first WBB team to earn $3.25M in ticket sales!

[HuskyNan]

Understand that the XL Center in Hartford is owned by the state of CT. The ridiculous rent paid to the XL center (rumored to be something like $50K per game) is simply the state of CT moving money from 1 pocket to another. They play games like that probably to hide embarrassing information like just how unprofitable the XL center actually is. Don't get me started on the city of Hartford...

If the Huskies sell 15,000 tickets at $22 (is that still the price?), they will get $330,000, which will cover the rent. UConn anlso profits from TV revenue and product sales.

Folks that live in Western CT can see the Huskies more easily, UConn generates revenue, the XL generates revenue from rent, parking, and concessions, and the businesses in the area get an uptick in sales before and after the games. That’s why they play in Hartford.

There are sources of revenue that are not sport specific (logo stuff, donations, etc.). I have no clue how this revenue is credited to various sports i.e. football, MBB, WBB, volleyball, etc. Maybe it's just reflected in the athletic department and not to any specific sport. No doubt the whole shebang runs in the red, but I am skeptical of reports on how much any sport actually loses. If anyone knows how nonspecific revenue is credited to specific sports, please enlighten me.

I think you mean things like licensing revenue? I imagine it’s allocated based on a method the accountants devised. I’m an accountant- allocation of costs or revenue based on an analysis that’s been made is reasonable and permitted by Generally Accepted Accounting Principals (GAAP) yo @Tonyc .

For example, accountants know how many team specific products are purchased from various outlets. If 35% of sales are men’s hoops, 30%, women’s hoops, 25% football, 7% hockey, and so on, I’d allocate revenue for general licensing fees using those percentages. There’s usually a reasonable way to estimate the non-specific costs/revenues

 

[Skeets]

If the Huskies sell 15,000 tickets at $22 (is that still the price?), they will get $330,000, which will cover the rent. UConn anlso profits from TV revenue and product sales.

Folks that live in Western CT can see the Huskies more easily, UConn generates revenue, the XL generates revenue from rent, parking, and concessions, and the businesses in the area get an uptick in sales before and after the games. That’s why they play in Hartford.

I think you mean things like licensing revenue? I imagine it’s allocated based on a method the accountants devised. I’m an accountant- allocation costs or revenue based on an anal that’s been made is reasonable and permitted by Generally Accepted Accounting Principals (GAAP) yo @Tonyc .

For example, accountants know how many team specific products are purchased from various outlets. If 35% of sales are men’s hoops, 30%, women’s hoops, 25% football, 7% hockey, and so on, I’d allocate revenue for general licensing fees using those percentages. There’s usually a reasonable way to estimate the non-specific costs/revenues

Nan, as a season ticket holder I don't pay any attention to the per game cost, but I pretty sure it's more than $22. The difference between Gampel and the XL is roughly 5,000 seats for sellouts, which I'll concede covers the cost of the rent. UConn has to play 1/2 of their home games in Hartford to move money into the city and for the reasons you mentioned. It doesn't hurt the school financially, so I guess it's a win-win.

What's interesting is in addition to the face value of the tickets I have to pay a seat donation. Same deal for football at the Rent, although if you bought individual games you can bypass the seat donation and sit just about anywhere you want. Makes me wonder why people buy football season tickets.

 

[HuskyNan]

Nan, as a season ticket holder I don't pay any attention to the per game cost, but I pretty sure it's more than $22. The difference between Gampel and the XL is roughly 5,000 seats for sellouts, which I'll concede covers the cost of the rent. UConn has to play 1/2 of their home games in Hartford to move money into the city and for the reasons you mentioned. It doesn't hurt the school financially, so I guess it's a win-win.

What's interesting is in addition to the face value of the tickets I have to pay a seat donation. Same deal for football at the Rent, although if you bought individual games you can bypass the seat donation and sit just about anywhere you want. Makes me wonder why people buy football season tickets.

Seat donations have been around since the 1990’s, when the teams started winning. UConn isn’t the only school that requires one