What we all suspected is true

[3E8]

Simply put the White Sox averaged $57.19 in revenue per patron in 2001.  The Cub averaged $47.13.  If not parking revenue then what else explains that disparity?

 

More evidence there is no 3rd party company.  iit.edu/~parking/student.html

If there was a 3rd party involved they would have been mentioned.  This is a deal worked between the White Sox & the school.

Do you think those figures included TV/Radio revenues? The article didn't explicitly say they weren't in there.

 

EDIT: The following quote insinuates that TV/Radio deals are included..

 

"Signed on to a 30-year television deal that doesn't pay anything? Tough."

 

Money from these sort of contracts is obviously not attendance-influenced. If the Sox and Cubs signed similar deals, your rev/attendance would be quite skewed.

Edited November 13, 2005 by 3E8

[JUGGERNAUT]

Do you think those figures included TV/Radio revenues?  The article didn't explicitly say they weren't in there.

 

EDIT:  The following quote insinuates that TV/Radio deals are included..

 

"Signed on to a 30-year television deal that doesn't pay anything? Tough."

 

Money from these sort of contracts is obviously not attendance-influenced.  If the Sox and Cubs signed similar deals, your rev/attendance would be quite skewed.

<{POST_SNAPBACK}>

 

I've made the assumption that the White Sox are as adept as the Cub at hiding revenue. So I assume team reported revenue is that which they can't hide: revenue derived from admissions. That would include parking.

[3E8]

I've made the assumption that the White Sox are as adept as the Cub at hiding revenue.  So I assume team reported revenue is that which they can't hide: revenue derived from admissions.  That would include parking.

That's quite a large assumption, and I don't agree with coming to any conclusions based on it.

 

However, if you provide me with your best guess on the fraction (total Cub parking rev/total Sox parking rev), from that I can calculate how much of our total revenue came from parking assuming that the average Sox fan spends the same amount at the ballpark as the average Cub fan, parking excluded.

 

After that I can figure out what share of total Sox parking revenue goes directly to the Sox, and what share goes to other parties.

Edited November 13, 2005 by 3E8

[Steff]

The parking revenue aside... which is nothing but a guess - as I stated several times..

 

Who's paying for the renovations is what has me in stitches here.. you claim the Sox are paying for it when it's crystal clear in the links YOU ARE PROVIDING that YOU ARE WRONG...

 

But as usual YOU digress to a "personal attack" :rolly by attemtping to school us with "Bonds 101"...

 

I'll admit... I don't know much about bonds - and the HUNDREDS of issuance and usage details.. but I know how to read.

 

And the links YOU provided state YOU are WRONG.

[YASNY]

Bonds 101:

 

A company issues a bond to raise cash.  The bond is a debt service.  A promise to pay a rate of return when the maturity rate is reached on each level of the bond.  That rate of return is determined by the colladeral backing the bond.  Obviously the higher the rate of return the greater the appeal of the bond.

 

The previous bonds for New Comiskey park were backed by new taxes & tax revenues.  This new bond is backed by a reduction in expenditures for the ISFA. 

 

Originally the White Sox did attempt to raise the money themselves.  But the best they could get on the basis of their own & US Cellular's credit rating was $30M.  This would not cover the cost of the renovations.  So the ISFA stepped in & issued a new bond that raised $42.5M.  That more than covered the cost of renovations.

 

No new taxes or sources of tax revenue were used to secure that bond.  The promise to pay the rate of return on those bonds as they mature has been backed primarily from the reduction in expenditures for the ISFA by eliminating the fee to the White Sox for park maintenance.  The only risk that is involved is if the White Sox should become insolvent & the ISFA can not find a new tenant that would continue to absorb that cost.

 

I do not believe the ISFA will issue yet another bond for any future renovations such as RF porch.  With the franchise value of the White Sox now pegged at $300M the credit rating of the team has greatly improved.  They should be able to raise the funds themselves.

 

I feel properly schooled now.

[Steff]

I feel properly schooled now.

 

 

 

LMAO... It's amazing, isn't it?

[DBAHO]

I feel properly schooled now.

Hey I just took a course on that type of stuff. I come on here to get away from it.

[JUGGERNAUT]

http://www.chicagobusiness.com/cgi-bin/mag...003-04-05&rel=1

Under the agreement, ISFA will service the debt on the bonds with money saved on annual maintenance fees it formerly paid the White Sox.

 

The White Sox will no longer be reimbursed by the ISFA for maintenance of the park.

 

It's pretty obvious who's paying for the renovations.

[Be Good]

After winning the Series, I now see a lot of people wearing Sox gear in NY

[kevin57]

thats the same thing i was thinking...my school is now filled with ppl wearing sox stuff and im like where were u guys the whole year with ur sox pride!?!

 

I never used to wear Sox gear except for games. I dunno. It was sort of a "religious act." Anyway, I did wear it during the playoff run and a "celebrations" thereafter. So long as these fans are not "jumpers," I'm okay with it.

[timotime]

After winning the Series, I now see a lot of people wearing Sox gear in NY

<{POST_SNAPBACK}>

 

yeah its shameless