Quote:
Originally Posted by DonMendigo
That's the thing. I have a hard time believing that the Cubs have an economics problem. Show me another team that has such a terrible on the field product yet has such high attendance and that can regularly charge $40 for its bleacher seats.
The Cubs on the field problems have little (I believe nothing) to do with revenue generation and everything to do with mismanagement - poor farm system coupled with signing overvalued players to expensive long term deals. In fact, I would say that Wrigley Field itself and the charm of the neighborhood is the only reason the Cubs are worth anything at this point. If this same franchise played in the Cell, it would have probably moved away years ago.
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Indeed. They already charge the 2nd or 3rd highest ticket prices in baseball and then they claim poverty. They are rated by FORBES to be the most profitable team in baseball. In a year they will be able to pen their new TV deal and be well on their way to striking a billion dollar deal similar to the Dodgers, Yanks, R-Sox.
THAT is where the real lucrative money separating small fry from large will take place.
Then they say they need ALL of these signage in order to compete but I'm really skeptical if most teams have as much signage going on as the Cubs are proposing. Or just how much they really earn from it.......
The students renders of his triangle building is MUCH better in my estimation. Its not the style I would choose to build it in but its sure a heck of a lot preferable to what the Cubs chose. Even if you took the signage of their faux clock-tower building.
Quote:
That's the thing. I have a hard time believing that the Cubs have an economics problem. Show me another team that has such a terrible on the field product yet has such high attendance and that can regularly charge $40 for its bleacher seats.
The Cubs on the field problems have little (I believe nothing) to do with revenue generation and everything to do with mismanagement - poor farm system coupled with signing overvalued players to expensive long term deals. In fact, I would say that Wrigley Field itself and the charm of the neighborhood is the only reason the Cubs are worth anything at this point. If this same franchise played in the Cell, it would have probably moved away years ago.
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True. The problem hasn't been a lack of revenue as much as real bad management on the baseball operations side. For Cubs fans they know they brought up what could be counted on one hand everyday starting players over the course of about 20 years between 1990-2010. Few of them impactful or perennial All-Stars.
The Cubs know that Wrigley is the ultimate insurance policy they have in being able to charge the rates they do and still get full ballparks even in lean years. They know that many of their fans will still enjoy the park itself even if the team stinks (which doesn't make them bad or "fake" fans). Move them to Rosemont or Glenview though and all you have are the Mets, Angels, or Ranges who are teams that
need to win to draw and charge amongst the highest prices in MLB. And if they don't the fans simply will not come.
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