Report: Mets Citi Field revenue still failing (Newsday)

Looks like today’s must-read is in Newsday.  Some excerpts…

The records show that ballpark-related revenue such as premium ticket sales, concessions and parking has declined 43 percent since 2009, the stadium’s opening year.

The article is fascinating…seems they used the Freedom of Information Act to get this info!

Dave Howard, the Mets’ executive vice president for business operations, said he believes the team — and its finances — are on a positive trajectory, although he would not comment specifically on the latest financial records, citing team policy.

“We feel we are at a point where we are starting to move in a positive direction and we feel that our price to value is right where it should be,” he said. “And we’re confident that the team is going to continue to improve, and then everything will therefore improve.”

But then there’s this which many of us have said all along

The Mets did, however, see an 18 percent increase in concession revenue from a year ago, marking the first increase in that department since the stadium’s opening. That, experts said, indicated the Mets must have gotten more fans inside the ballpark at discounted prices, and once there, they spent money.

I have some new favorite quotes I will be using all winter.

“We certainly are not punting on 2013”

and now “our price to value is right where it should be.”

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5 Replies to “Report: Mets Citi Field revenue still failing (Newsday)”

  1. I wonder why they don’t add the revenue that we are supposed to get from sny in that figure? A lot of new deals for other clubs right now are getting more than 50 million per year, and since we are in one of the biggest markets we should be priced accordingly? SNY is worth billions I think? Are they just showing a loss on the Baseball team and SNY is reaping the benefits? When the metsies were getting money from Cablevision before sny we had a bigger payroll and were getting less $$$ from them and no stadium naming rights? I didn’t look over the report but is the naming rights on it? I think bud selig needs to step in and figure this out, if they can’t run the team the way it’s meant to be run they should be forced to sell? That’s just my opinion..

    1. The way I understood in the article is that Newsday was able to get what they did bc of the public financing of Citi, whereas they don’t have access to the SNY data

  2. this is very interesting. of course, it’s not surprising that premium tickets (read: people with money that want to be a the “cool” place) has declined. and since a million less people went through the turnstiles in ’12 that went through in ’09, concession and parking declines make sense.

    what i think is most encouraging is that their marketing plan of getting people through the door in fun ways (t-shirt tuesday, 1962 throwback prices, the dickey plan at the end of the season) have seemed to work. i wish they’d go a couple of steps further with these ideas. i’m still dying to see a throwback series throughout the summer, with only organ music, discounted concession prices, throwback unis; the whole nine yards. stuff like that can make a regular game against the marlins seem special. certainly the OD prices haven’t gotten us started on the fan friendly train, but here’s to hoping we see some improvements.

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