Attendance: 84189

#28
#28
beavbullvol said:
Big, big losses on the hill. Does anybody know what attendance figure is actually needed to 'break even'?
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To literally "break-even", it's probably some ridiculously low number.

What actually matters, however, is opportunity costs. When we don't sell 16,000 tickets, that's a lot of easy profit that UT doesn't collect. And there's virtually no cost to sell those 16,000 tickets --- it's almost pure profit.
 
#30
#30
GoodoleRockyTop3 said:
84189 true fans cheering on there team...not sitting at home bashing it!!
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No one is bashing the team... they are stating the fact that the attendance was pathetic... especially for a UT home game... that just happened to be Homecoming. The official attendance was 84189, but many believe it was more like 50 - 75 thousand... in a stadium that seats over 104K. Sad...

However, we are still loyal BO fans!
 
#36
#36
DiderotsGhost said:
To literally "break-even", it's probably some ridiculously low number.

What actually matters, however, is opportunity costs. When we don't sell 16,000 tickets, that's a lot of easy profit that UT doesn't collect. And there's virtually no cost to sell those 16,000 tickets --- it's almost pure profit.
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You are absolutely right. Can you imagine those P&L meetings when they discuss Like to Like Year performance? Big losses.

If we assume 80% margin on 'ticket sales', at $50 avg ticket, that is another $800,000 top line and $650k to the bank. Incredible how much money is lost.
 
#39
#39
Velo Vol said:
Official attendance is based on the number of tickets sold which ≠ the number of people in the stadium.

Why is this such a difficult concept for so many people to grasp?
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I agree. However, one reason the attendance may have appeared to be lower than the official report is the number of people who were milling around the corridors, concession areas, restrooms, etc... But still, an attendance of < 82K is incredibly low... and indicative of a very real problem which needs to be addressed in a timely manner by the administration. GBO!
 
#40
#40
cbbowlingmd said:
I'm at every game, and I'm telling you that estimate is about 15000-20000 too high.
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Yep no doubt about it. The 84,xxx was the number of tickets sold. It's not like the have turnstiles to do the counting. They go by tickets sold to announce the attendance. There is no way there were more then 70K to start the game and far less at the end. Not good at all especially for homecoming.
 
#42
#42
beavbullvol said:
You are absolutely right. Can you imagine those P&L meetings when they discuss Like to Like Year performance? Big losses.

If we assume 80% margin on 'ticket sales', at $50 avg ticket, that is another $800,000 top line and $650k to the bank. Incredible how much money is lost.
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I'd like to run a business that had an 80% margin
Not sure the UTAD operates with that kind of cushion
 
#45
#45
vol_in_ar said:
I'd like to run a business that had an 80% margin
Not sure the UTAD operates with that kind of cushion
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start selling coffee.

The 80% is the cost associated with administering tickets to season holders. Just a guess.

That doesn't take into account the cost of maintenance associated with running the facility, but just the relatively low cost of producing tickets and shipping them to people's front door and them walking thru the gates.
 
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