Tuesday, November 25, 2014

Team Valuations

Team Valuations – Milwaukee/Alabama edition



The bucks last season were announced as the worst team in the NBA with a record of 15-67. They out beat the 76ers by 4 games witch is still really bad. But they are still making a crazy amount of 550 million. If you think about it though that isn't a huge amount for a sports team. I believe that it is because they aren't good so ticket sales are not where they should be.


But in college sports the Alabama crimson tide was making more revenue then most pro teams. This shows that college is becoming more and more popular and in future years I believe that the NCAA can become the biggest business in the whole USA. If you think about it that is crazy the NCAA is suppose to be there for students to get a good education and play a sport in the process. But they are making it into a billion dollar company.

In Minnesota, all the Stadiums are Above Average

Bigger and nicer Stadiums





The Vikings have been awarded as the home of super bowl 2018. They beat out the Saints and the Colts for the home. The Vikings stadium has become a much better stadium and football atmosphere on the past few years. But this selection was seen as an upset witch I believe because the Colts and Saints both have top notch stadiums.


They reason they were picked is because they are almost like forced to upgrade there facilities. ITs kind of like the Olympic thing in countries. It helps a program get a better name so they can be looked at as a high end program. The only down fall of this location is it is very cold there so it might be a little bit hard to sell more tickets because not everybody is willing to sit in 0 degree weather.

Sunday, November 2, 2014

Brazil and Tourism During The 2014 World Cup- The Sports Economist

World Cup 2014


The world cup brought in over 1 million viewers of the sport to Brazil. This brought in so much money from tourism. When a country is in need of a economic boost they try to hold a major event like the world cup or the Olympics When the Olympics are held in a bad economic country they are force to create new stores and stadiums. So this will bring in a lot of money to that country and help them and hopefully give them a economic boost. But there is also another side to it when all those people leave because that big event is over those shops that were opened don't have the same business anymore. So might eventually shut down and go out of business.




This happens when the Average revenue is below a companies average variable cost. That is what makes a company shut down and this happens a lot, because their business isn't booming anymore so they lower their prices and don't make the money they need to.

The City That Said No To Baseball- The Sports Economist

City of No Baseball


In the late 1990's when the brewers left their old stadium in Chandler, Arizona for Maryvale Park in Phoenix. The people were afraid that it would be a big economic lost for the city.  But there wasn't It didn't drop at all because the stadium was a newer stadium and more seats. The only factor that really came in play was the location change. So the fans that lived near the stadium had to travel to the new location. But that is a small factor.




In my opinion this location change was a very smart move. Without the change there team couldn't expand and make more money. When a team changes location the income will eventually start to boom because of the better facilities and more seats. Just like in Dallas when they built there new stadium more people wanted to go there and watch a game.


So if you are planning on owning a team up grade because the income will come in over time.