Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Wednesday, April 8, 2009

Tigers go to bat for automaker

General Motors might not have the resources to back Major League Baseball teams, but the Detroit Tigers are doing their best to back GM.
This season, fans will see the General Motors name on the fountain along with logos for Ford Motor Co. and Chrysler LLC. Underneath GM's name, a sign reads: "The Detroit Tigers support our automakers."
Intersting gesture. The Tigers probably didn't have anyone to fill the ad space around the ballpark anyway. It would be interesting to hear some comments from the the team and GM on this arrangement. Free advertising is likely unprecedented at the ballpark, except for special interests like fundraisers and grassroots benefits.
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Tuesday, April 7, 2009

Houston has no problem (economically speaking)

Despite the recession, Houston fans came out in record numbers for opening day willing to spend.

Sunday, November 16, 2008

There's no crying over recessions in baseball

Here's a NY Times article on the buoyancy of baseball during economic down times.
Sports leagues like the N.B.A., the N.F.L. and Major League Baseball are fairy-tale lands, an otherworld of packed stadiums, charter flights, multimillion-dollar training facilities, multimillion-dollar player contracts paid by multibillionaire owners.

Yet in a time of severe economic crisis, the leagues, at least for now, are holding forth, if not completely thriving.

Several theories explain why these sports leagues — especially baseball — thrive when money is tight. Baseball, to a greater extent than the N.F.L. and the N.B.A., is dependent on gate receipts. When families begin to feel the economic pinch and stay home rather than take a long trip, many choose to attend baseball games.
I think each moment such as this is different than one that came before it. Baseball needs to be careful. Ticket sales were down last year, and tickets are as pricey as ever at most parks. There's more out there entertainment-wise than ever before, so baseball better not just rely on the economics of yesteryear and think that they'll float through the lean times as easily as before.

Friday, October 24, 2008

Marlins building new building

The Florida Marlins will go ahead with their plan to be in a new stadium by 2011 despite a sagging economy.

The Wall Street Journal recently published an article on financial issues facing many of the new stadiums across American sports. The newspaper considered the Marlins new stadium to be in jeopardy.

Thursday, October 16, 2008

Does a bad economy affect sports? Youbetcha

USA Today publishes this article, which deals with sports and money across the spectrum. It's a pretty interesting read. Baseball receives a blurb just short of halfway down.
Major League Baseball: Attendance fell this season after four straight record years, proving commissioner Bud Selig was wrong when he estimated the sport could break 80 million in attendance for the first time. But the economic slowdown is felt beyond the turnstiles: Team coverage in many newspapers has been cut back, leading to a decreased presence in print for teams. And MLB expects a decrease in car ads - long a major sponsor - forcing clubs and networks to search for other advertisers.

Sales of licensed goods - such as jerseys and caps - is flat when compared with last year. It would be down factoring out the All-Star game at Yankee Stadium, which produced extra revenue.
Imagine that, Bud Selig was wrong. Never!

Don't worry, Bud, Spitting Seeds will always write articles on you and baseball; there will be no shrinking column inches here. That's perhaps good for baseball, but not for you, Bud.