On this episode of Broad & High, Terry Allen’s Deer Sculptures, Jim Arter’s Life Within Art, Artist Profile: Mike Elsass, and The Heart Gallery. They’re just two deer, lounging on the banks of the Scioto River watching the world go by. The city of Columbus recently commissioned Santa Fe artist Terry Allen to create and [...]
Report Shows Blue Jackets’ Ticket Revenue Down
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As officials finalize the agreement to buy Nationwide Arena and offer the Blue Jackets free rent, a newly-released report illustrates the teamâ€™s financial situation.
Itâ€™s no secret that the Blue Jacketsâ€™ ticket revenue has declined.
A confidential NHL report shows the Jackets have seen one of the worst ticket revenue declines in the league. The report obtained by the Toronto Star shows Jacketsâ€™ home game ticket sales declined more than 17 percent last season compared to the 2007-2008 season.
In 2007-2008, the Blue Jacketsâ€™ average game revenue was $800,000, last season it was $660,000. In the 2010-11 season ticket sales produced $2.7 million.
But Columbus did not see the worst declines; Atlanta and Tampa Bay saw more than 40 percent drops in ticket revenues. Atlanta, last year, moved to Winnepeg.
Canadian hockey fans are using the report to bolster their argument that some teams would fare better north of the boarder.
Marc Ganis owns the Chicago sports advisory firm SportsCorp. Ganis said money from ticket sales are the â€œlife bloodâ€ of an NHL team.
â€œYou have lower attendance, you have lower revenues. If you have lower revenues, you generally have losses. If you have losses youâ€™re generally not re-investing in putting more money and taking on more losses to get a better team on the ice. And that becomes a snowball, a downward snowball where the team then doesnâ€™t make the playoffs; it doesnâ€™t then get the revenues it needs so it limits whoâ€™s going to sign and so fans lose interest,” Ganis said.
The Blue Jackets lost in the first round of the playoffs in 2009, and have not been back since.
Garis said the Blue Jackets could be more financially viable in a Canadian city, but he said that does not mean it would necessarily be better off, or that the NHL would even grant relocation â€“ it does not like musical chairs, he said.
â€œThe NHL has got a couple of bigger fish to fry, in particular the Phoenix Coyotes where the league owns the team and is losing by most accounts $30 million a year. And theyâ€™d like to get that situation resolved before they look at what might happen to the Blue Jackets on a long term basis,” Ganis said.
For many teams, they have an â€œoutâ€ in their leases if ticket sales are terrible. But Bill Jennison who heads up the Franklin County Convention Facilities Authority, which will own and operate the arena, said there will be no such provision in the Blue Jackets agreement.
And Blue Jackets fans take note: winning can turn ticket sales around. Take the Chicago Blackhawks for example, after they won the Stanley Cup, ticket revenue doubled.