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The BBA Today #40 - Ron Talks BBA Finances
Posted: Sat Jun 06, 2020 6:10 pm
by RonCo
Blame this one on Justin, who made the off-hand comment that he'd like to see a feature on where we BBAers can spend our cash. So, yeah, join me for a deep-dive into finances that includes some OOTPisms, some opinion, and a few odes to that sweet-sweet revenue! A can't miss for you insomniacs out there.
GET IT HERE!!!!
See Attached Spreadsheet
See Attached Flowchart
Re: The BBA Today #40 - Ron Talks BBA Finances
Posted: Sun Jun 07, 2020 5:18 pm
by 7teen
Listened to this whole thing today while drinking some cold ones on the back deck.
Nice work Ron! I’ve always said the finances part has been my weakest part of this game at times but I feel the last 10 seasons have given me a better grasp. And so far I seem to be putting things to good use in Portland.
Your talk on adding revenue was something I needed to hear for sure and not so much about making profit
Re: The BBA Today #40 - Ron Talks BBA Finances
Posted: Mon Jun 08, 2020 1:31 pm
by Dington
Math is stupid. Just hit bombs!
We will see if that theory works for KC this year.
Re: The BBA Today #40 - Ron Talks BBA Finances
Posted: Mon Jun 08, 2020 1:32 pm
by RonCo
Three run homers erase a lot of mistakes.
Re: The BBA Today #40 - Ron Talks BBA Finances
Posted: Tue Jun 09, 2020 7:23 pm
by Lane
Finally getting to this. The revenue from season tickets not being subject to gate sharing is such a good point.
Re: The BBA Today #40 - Ron Talks BBA Finances
Posted: Thu Jun 11, 2020 10:05 am
by 7teen
Lane wrote: ↑Tue Jun 09, 2020 7:23 pm
Finally getting to this. The revenue from season tickets not being subject to gate sharing is such a good point.
Correct me if I'm wrong... I don't recall Ron saying it in the podcast but seems I recall him saying it at some point, but you also want to sell as many Season Tickets as possible because it is guaranteed revenue up front. Your FI can fluctuate as the season goes meaning you could see a decline in ticket sales later in the season but having those season tickets sold guarantees you revenue.
It seems I recall that comment being made before which is why I tend to go a little lower on season ticket prices and then raise my ticket prices up when the season starts. Yeah the higher ticket prices in season means I have to share that revenue, but a lower season ticket price means I sell more of those and guarantee my self an early revenue stream.
I also look at it in "real life" way of saying I'm giving fans who buy a season ticket package a discount by buying all 81 games. You don't want season tickets? Fine! But you'll pay extra for that single game ticket after the season starts.
Re: The BBA Today #40 - Ron Talks BBA Finances
Posted: Thu Jun 11, 2020 10:53 am
by RonCo
I think that's basically right. And financially it makes sense from a sharing sense, too. If you're going to share 35% of your full price tickets sold at the gate you can afford to drop prices in the off-season and you'll still be better off in the end.
Re: The BBA Today #40 - Ron Talks BBA Finances
Posted: Thu Jun 11, 2020 11:12 am
by GoldenOne
7teen wrote: ↑Thu Jun 11, 2020 10:05 am
Lane wrote: ↑Tue Jun 09, 2020 7:23 pm
Finally getting to this. The revenue from season tickets not being subject to gate sharing is such a good point.
Correct me if I'm wrong... I don't recall Ron saying it in the podcast but seems I recall him saying it at some point, but you also want to sell as many Season Tickets as possible because it is guaranteed revenue up front. Your FI can fluctuate as the season goes meaning you could see a decline in ticket sales later in the season but having those season tickets sold guarantees you revenue.
It seems I recall that comment being made before which is why I tend to go a little lower on season ticket prices and then raise my ticket prices up when the season starts. Yeah the higher ticket prices in season means I have to share that revenue, but a lower season ticket price means I sell more of those and guarantee my self an early revenue stream.
I also look at it in "real life" way of saying I'm giving fans who buy a season ticket package a discount by buying all 81 games. You don't want season tickets? Fine! But you'll pay extra for that single game ticket after the season starts.
Yep, me too. My Season Ticket prices were a little higher this year than last but the prices for tickets on Opening Day and beyond will be much higher. They had to drop some towards the end of last season when we were dropping out of the playoff race and had teams coming in that were doing the same. Went back up when the playoff teams came to town though.
Re: The BBA Today #40 - Ron Talks BBA Finances
Posted: Sat Jun 13, 2020 2:00 pm
by jleddy
What an episode. This 100% needs to be added to this list of great features:
viewtopic.php?f=23&t=29479
Thanks for all the hard work on this, Ron...great stuff!