Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

GGG · 12-07-2017, 06:21 AM

The key item missing from these lists is profit made from the Arena Management side of the business. I'm not sure if the Arena maintenance costs side of the business is included either.

This is why a team can continually lose money and still be profitable in a market.

For example the Garth Brooks concerts which had very low ticket prices say revenue of $80 per ticket x 15000 people x 7 shows is 8.4 million in additional revenue. Stampede has about the same number of concerts as well for another 8-10 million in revenue.

So in a given year the concert revenue for the Saddledome will make up somewhere between 20% and 50% of the revenue of the Flames Entertainment corp. Breaking even on the Flames and having the lucrative arena business is a win for ownership.

12-07-2017, 06:21 AM	#39
GGG Franchise Player Join Date: Aug 2008 Exp:	The key item missing from these lists is profit made from the Arena Management side of the business. I'm not sure if the Arena maintenance costs side of the business is included either. This is why a team can continually lose money and still be profitable in a market. For example the Garth Brooks concerts which had very low ticket prices say revenue of $80 per ticket x 15000 people x 7 shows is 8.4 million in additional revenue. Stampede has about the same number of concerts as well for another 8-10 million in revenue. So in a given year the concert revenue for the Saddledome will make up somewhere between 20% and 50% of the revenue of the Flames Entertainment corp. Breaking even on the Flames and having the lucrative arena business is a win for ownership. Last edited by GGG; 12-07-2017 at 06:28 AM.