Quote:
Originally Posted by cam_wmh
Oh sweet a pro sports market strategist, with that impeccable business acumen.
Which market(s), would the Edwards’ et all find?… that betters their current environment
* Strong business community, for selling more private suites than present.
* The absolute #1 sports draw in town, without any sort of threat. (NFL, NBA, MLB, NCAA etc)
* Passionate hockey fan base, wanton for a club.
* A civic environment with an arena ready, or gung-go to approve one
* A keen ownership group that wants NHL hockey in their city
* Citizens with a higher than average disposable income like they enjoy now.
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The Market doesn't have to be 'better' - It just has to pay the $500 million for the arena. The Flames would never make up the difference in that cost with revenue staying in Calgary.
The Calgary Flames are estimated to have a net worth of 855M
https://www.forbes.com/sites/mikeoza...h=4e03941a7deb
They collect their revenue in CAD, have a bottom 1/4 of the league average ticket price, have the oldest stadium with limited revenue generation, and sit middle of the pack for attendance this year.
They aren't leaving tomorrow, next season, or in the next 5. However, they will 100% be gone if the city isn't subsidizing an arena. They will not spend $500 million $ of their money on an arena in the Calgary market. They would never get the ROI vs just leaving or selling the franchise to another US market.
They could have attendance around 17000 in USD and make the same gate revenue. 14000 would put them in the bottom 3 of attendance, and they would make the same revenue in USD as they do now... Let that sink in. And that doesnt even include more luxury boxes, etc
Their ticket prices are already near the bottom of the league, so it isnt like they are charging a premium either in Calgary.
https://globalnews.ca/news/9179433/n...city-rankings/
So where would the Flames find a city where they could be middle of the league in attendance, earn revenue in USD dollars, while charging bottom quarter of the league ticket prices and not have to pay 500Million$ to break even to their current situation?
I don't think it is close to as hard as you think