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Originally Posted by sportscurmudgeon
The cuts in "staff" for NFL teams including the Redskins is not nearly over yet. And don't look closely at the folks working for teams in "lesser sports"; thos folks' jobs are in serious jeopardy.
The Redskins continue to be the cash cow that was mentioned above, but Danny Boy's other ventures are not doing all that well. Six Flags could delcare bankruptcy; buying up American Bandstand has not been a humongous success; Danny Boy is in the fast food business (forget which minor chain he bought about two years ago) and all of the companies in that business sector are seeing "revenue shortfalls".
These Redskins' folks were laid off because times are getting tighter - - not because the Skins don't want them.
Here is the signal that the franchise might not be pulling down as much $$$ as Danny Boy would want:
Ticket Price Reductions. The Skins have a top-tier stadium price structure and they have some long term commitments from folks with heavy bread for premium seats. If they reduce other ticket prices, they might see a huge cry for relief in the really expensive seats - - and that is a big part of the cash cow's milk production. The Skins do not want to have to reduce ticket prices - - but they may be forced to do just that. |
There may not be an increase in prices, but I am 90% certain there will not be price reduction. There is no need. They have a waiting list in the thousands, the Redskins are the premium sports brand in the region. Let's be clear, for every season ticket holder that doesn't renew, there are five who have been waiting for the chance to buy season tickets.
But lets be real. We are not in the Great Depression. The news makes it seem bleak, but people still gave their kids gifts for Christmas, still flew to see Grandma for the holidays, and still go out to drink, eat, and have a good time, and still will be going to Redskins games, tailgating with friends, and buying merchandise.
Oh, and Giantone, the Skins really are worth $1.5 billion. In the real world.