Reply to Wizards and Caps could be moving to Potomac Yard

Forum Index » Metropolitan DC Local Politics

Reply to "Wizards and Caps could be moving to Potomac Yard"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As I posted in the other thread, this is about the teams getting leverage so the DC Government will pony up a half billion dollars to renovate a 25 year old arena.

I can say based on texts with people in my friend groups that none of us in DC or MD would go to any games in the future.[/quote]

I agree 100%.  As a frequent attendee at Caps games, I certainly would attend fewer games if the games were held in PY.  The current location is highly convenient for me, whether I drive or take Metro.  The idea of attending a weekday game at PY has zero appeal.

[/quote]

+1 close-in MoCo.  Our jobs are not downtown.

We would drop from a dozen Caps games a year, typically weeknights, to 1-2 weekend games at most.  I am guessing the big $ these days is in the distro of broadcast and streaming rights (Monumental Sports owns the network), entertainment venue, and of course sports books.   A drop in fan attendance might not hurt the bottom line as much going forward.  [/quote]

Excellent points. I bet the sports book gambling rights outweigh any potential lost revenue of butts-in-seats. Further, sports may be moving in such a direction that it might make more sense financially to have smaller facilities where you charge more per ticket, given that so many fans are watching from the comfort of their home or on their phone. Make in-person games a "premium experience" and move away from the season ticketholder model. The real profits are in merchandising (IP), advertising (broadcast rights), surrounding real estate development, and now gambling. Butts-in-seats becomes a loss leader. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics