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<blockquote data-quote="LibertyTurns" data-source="post: 623528" data-attributes="member: 789"><p>Everybody has lost butts in the seats, to the tune of about 10% since 2008. The world evolves and we keep trying to act like it’s 1999 all over again. CGC is trying something different and it’s a big financial gamble. The ROI on the $9M transition demands about 5k more tickets per game and additional staff expense another 2k. I believe though the strategy will be to defray the additional expenses by increased ACC revenue- went from $26M to $28M in 2019 and are expecting $31.8M at end of FY2020 (July). This trajectory would make GT slightly budget revenue negative, then neutral over future spans unless attendance increases. Time will tell. Sometimes you got to spend money to make money.</p><p></p><p><a href="https://www.ajc.com/sports/college/acc-network-may-not-provide-significant-initial-revenue-boost/9AjoGZ8Q83W6gclknsN44J/" target="_blank">https://www.ajc.com/sports/college/acc-network-may-not-provide-significant-initial-revenue-boost/9AjoGZ8Q83W6gclknsN44J/</a></p><p></p><p><a href="https://accsports.com/acc-news/football/declining-football-attendance-inside-the-numbers-in-the-acc/" target="_blank">https://accsports.com/acc-news/football/declining-football-attendance-inside-the-numbers-in-the-acc/</a></p><p></p><p><a href="https://www.cbssports.com/college-football/news/college-football-heads-in-wrong-direction-with-largest-attendance-drop-in-34-years/" target="_blank">https://www.cbssports.com/college-football/news/college-football-heads-in-wrong-direction-with-largest-attendance-drop-in-34-years/</a></p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 623528, member: 789"] Everybody has lost butts in the seats, to the tune of about 10% since 2008. The world evolves and we keep trying to act like it’s 1999 all over again. CGC is trying something different and it’s a big financial gamble. The ROI on the $9M transition demands about 5k more tickets per game and additional staff expense another 2k. I believe though the strategy will be to defray the additional expenses by increased ACC revenue- went from $26M to $28M in 2019 and are expecting $31.8M at end of FY2020 (July). This trajectory would make GT slightly budget revenue negative, then neutral over future spans unless attendance increases. Time will tell. Sometimes you got to spend money to make money. [URL]https://www.ajc.com/sports/college/acc-network-may-not-provide-significant-initial-revenue-boost/9AjoGZ8Q83W6gclknsN44J/[/URL] [URL]https://accsports.com/acc-news/football/declining-football-attendance-inside-the-numbers-in-the-acc/[/URL] [URL]https://www.cbssports.com/college-football/news/college-football-heads-in-wrong-direction-with-largest-attendance-drop-in-34-years/[/URL] [/QUOTE]
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