Quote:
Originally Posted by Bingo
What direct costs? How much?
Not knowing something isn't a problem with the math presented. If you have a known variable I can add, I'd be happy to add it.
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You have spent pages assuming that each NHL team does not have anybody working the concessions, working as ushers, selling programs etc. The math you presented is wrong because that is not how HRR is calculated, that is all.
I will try to find the article, but thr athletic had an article that had the direct costs at around 200,000 a game, leaving teams with an average HRR of 1.5 million a game.
At 1.5 million a game × 45 games × 31 teams you would get about 2.1 billion, which would be about 42% of HRR coming from in stadium revenue. I believe the Athletic only calculated direct costs for that game day in their calculation, so if you add ticket reps and other salaried employees who work exclusively on revenue generation, you can probably shave off another couple million per team, which would bring you pretty close to game day revenue making up 36% of revenue, personally I suspect it is around 38%, but it certainly is not anywhere close to half of HRR.