FWIW, the Panthers had a 90% renewal rate on their season tickets from last year, and added 2000 new STHs. So they should actually show improvement this year.
One of the other big things about the Panthers is that the owners lose a ton of money on the team, but make a fair bit of it back via their management contract for the arena. As is usually the case, the bigger picture may not be as terrible as we assume. But like Atlanta and Phoenix, the future of the Panthers will depend almost exclusively on the existence of an owner willing to operate a team in that market. There is literally nothing a bunch of fan whining about the attendance can do to change that.
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