Mon 15 Sep 2008
New Yorkis an incredible place to do business. Although some places like the financial sector are failing, the sports business couldn’t be stronger.
Almost all the top venues are sold out. The Mets and Yankees have been playing to capacity crowds almost all season. And don’t forget about the Garden, where the Knicks and Rangers still get capacity crowds, despite the fact the teams don’t play up to par.
And let’s not forget football where Giants tickets are on a 25-year waiting list.
But there’s a reason why sports is so popular. Winning teams laced with stars bring the fans out in droves. On the Mets, homegrown players like David Wright and Jose Reyes electrify Queens, while the Yankees sign players like Alex Rodriguez, making games at the Stadium more like Young Frankenstein tickets.
With the Yankees new stadium opening up, they will sign many free agents this offseason, while the Mets have the young players like Dan Murphy and Jon Niese to move into Citi Field, while dipping into the market in order to compliment them.
By keeping with that business model, the baseball teams will be solid over for the foreseeable future.
September 16th, 2008 at 7:23 am
Rickey would point out that despite the sell out stats from the Mets, if you go to games, a lot of season ticket holders simply aren’t showing up. Even right now, at every game, there’s a couple thousand seats that never get filled.