OverThePylon Posted June 25, 2009 Report Share Posted June 25, 2009 Wanted to pass on our most recent post regarding the revenues made by each of the MAC schools in football. Shocking to say the least in terms of the leader as well as the spread.There's some SEC stuff on there too, since we cover Kentucky, and holy cow is there a difference between bcs and non-bcs.MAC Financial Stuff Quote Link to comment Share on other sites More sharing options...
ZachTheZip Posted June 25, 2009 Report Share Posted June 25, 2009 So football brought in $4.7 million last year with 11k average attendance and absolutely no luxury boxes. About $1 million of that came from playing road games against Wisky, Cuse, and ArmyThe 5th and 6th floors at the Info will bring in at least that every year, not including alcohol sales. Then you add in general attendance and concessions and Akron will be seeing a huge bump in Football revenue. Quote Link to comment Share on other sites More sharing options...
Zips fan Posted June 26, 2009 Report Share Posted June 26, 2009 I don't think you will really see the bump you are expecting. Football does not really bring in 4.7M. The revenues and expenses are the same because of the student fees that are brought in. Revenues will increase but the books will only show a matching number to the expenses (unless we would actually make a real profit, which is highly unlikely). Quote Link to comment Share on other sites More sharing options...
BostonZip Posted June 26, 2009 Report Share Posted June 26, 2009 To me the most surprising number on that list is Can't State at #2 in the MAC in football revenue at $6 million, especially considering it had a crowd of 2,267 at its ill-advised Tuesday night mid-November game against Northern Illinois; the BC game at Cleveland Browns Stadium was a bust; and it had only one decent-sized road payday (at Iowa State).I guess having 4 games on the ESPN network carried the freight. Quote Link to comment Share on other sites More sharing options...
ZachTheZip Posted June 26, 2009 Report Share Posted June 26, 2009 I don't think you will really see the bump you are expecting. Football does not really bring in 4.7M. The revenues and expenses are the same because of the student fees that are brought in. Revenues will increase but the books will only show a matching number to the expenses (unless we would actually make a real profit, which is highly unlikely).The revenues and expenses are the same number for the athletic department as a whole. In 2008 it was about $17 million for both. That means that over $12 million of the athletic budget was not covered by football revenues. Now basketball and soccer might also turn a profit, but nowhere near what football brings in. The rest is funded by student fees and donations.We will be much better off once the stadium opens. It will allow for a higher athletic budget because the student fees remain pretty much constant. Quote Link to comment Share on other sites More sharing options...
Zips fan Posted June 26, 2009 Report Share Posted June 26, 2009 When institutions report this information, they allocate money from the student fees to make up the difference between revenues and expenses. If you look at all the MAC schools except Buffalo, the revenues for basketball and football are exactly the same as their expenses. Akron did not bring in 4.7M in football. It is marked at 4.7M revenue after they realize the expense each season. There is no sport within the MAC that is profitable. Football gives alot of benefits to the school and athletic program but it is and always has been the largest money loser. Quote Link to comment Share on other sites More sharing options...
ZachTheZip Posted June 26, 2009 Report Share Posted June 26, 2009 Regardless, the stadium is supposed to bring in enough actual revenue that Football will become profitable. The press box seats bring in $1.032 million (If they sell them all, and they're very close to doing just that, this is how much they will bring in every year) on their own plus $412k from the 4000 season tickets sold so far and an estimate of $1.44 million in general attendance (20,000 GA * $12 per ticket * 6 games [this could change if more season tickets are sold]) That's $2.884 million in ticket sales alone. Then you have concessions and merchandise, MAC TV and BCS payouts, and road game guarantees from Penn State and Syracuse.If it costs 4.7 million to run football, I say that that's pretty close to breaking even, if not being profitable. Quote Link to comment Share on other sites More sharing options...
MaxZIP Posted June 26, 2009 Report Share Posted June 26, 2009 Regardless, the stadium is supposed to bring in enough actual revenue that Football will become profitable. The press box seats bring in $1.032 million (If they sell them all, and they're very close to doing just that, this is how much they will bring in every year) on their own plus $412k from the 4000 season tickets sold so far and an estimate of $1.44 million in general attendance (20,000 GA * $12 per ticket * 6 games [this could change if more season tickets are sold]) That's $2.884 million in ticket sales alone. Then you have concessions and merchandise, MAC TV and BCS payouts, and road game guarantees from Penn State and Syracuse.If it costs 4.7 million to run football, I say that that's pretty close to breaking even, if not being profitable.Speaking of season tickets, have you heard any news on the totals from what they had originally stated? Quote Link to comment Share on other sites More sharing options...
ZachTheZip Posted June 26, 2009 Report Share Posted June 26, 2009 4,000 season tickets is still what they're saying. It's the number cited in the Yurachek articles, which was wearlier this week so I'm guessing it's still up to date. It was mentioned that it's also the most season tickets ever sold, which makes me think that the target of 10,000 was absurdly high. Quote Link to comment Share on other sites More sharing options...
MaxZIP Posted June 26, 2009 Report Share Posted June 26, 2009 4,000 season tickets is still what they're saying. It's the number cited in the Yurachek articles, which was wearlier this week so I'm guessing it's still up to date. It was mentioned that it's also the most season tickets ever sold, which makes me think that the target of 10,000 was absurdly high.At least they are setting their sights high! Quote Link to comment Share on other sites More sharing options...
ZachTheZip Posted June 26, 2009 Report Share Posted June 26, 2009 OverThePylon, I'm guessing that at least one reason Temple's number is so high is because they have to rent their stadium from the NFL. That can't be cheap. Quote Link to comment Share on other sites More sharing options...
Zipmeister Posted June 26, 2009 Report Share Posted June 26, 2009 Wanted to pass on our most recent post regarding the revenues made by each of the MAC schools in football. Shocking to say the least in terms of the leader as well as the spread.There's some SEC stuff on there too, since we cover Kentucky, and holy cow is there a difference between bcs and non-bcs.MAC Financial StuffHey Over - which of BSUs minor sports accounted for the bulk of the $5,293,108 in revenue you think they generated, men's volleyball or women's field hockey? Akron doesn't have either of those sports and we could use the cash. Quote Link to comment Share on other sites More sharing options...
Z.I.P. Posted July 1, 2009 Report Share Posted July 1, 2009 When institutions report this information, they allocate money from the student fees to make up the difference between revenues and expenses. If you look at all the MAC schools except Buffalo, the revenues for basketball and football are exactly the same as their expenses. Akron did not bring in 4.7M in football. It is marked at 4.7M revenue after they realize the expense each season. There is no sport within the MAC that is profitable. Football gives alot of benefits to the school and athletic program but it is and always has been the largest money loser. Pulling this thread back up, cause I have a series of important questions that were not asked during the first go-round, and I hope someone might have some answers (for UA at least):How much total $$ is raised by the student fees?How much (%-wise) is taken to balance the athletic dept books?Where does the rest end up -- is it collecting interest, or does it go to the university general fund to pay for academic expenses?This came up, because news around my hometown is the U of Hawaii AD is almost $3 mil in the red, and they are about the last Div I school without a student athletic fee system, as students with faculty help have fought it tooth and nail. Quote Link to comment Share on other sites More sharing options...
ksu sucks Posted July 1, 2009 Report Share Posted July 1, 2009 How much total $$ is raised by the student fees?How much (%-wise) is taken to balance the athletic dept books?Where does the rest end up -- is it collecting interest, or does it go to the university general fund to pay for academic expenses?FWIW, here's a list of all the fees I've been charged for the fall semester. Notice that the first four are for courses. Apparently, paying tuition the first time around isn't good enough Analytic Geometry-Calc III 08/06/2009 2009 Fall 5.00Undergrad Administrative Fee 08/06/2009 2009 Fall 12.00Elementary Classical Physics I 08/06/2009 2009 Fall 20.00 Project Mgmt & Teamwork II 08/06/2009 2009 Fall 20.00Career Advantage Services Fee 08/06/2009 2009 Fall 26.00Library Fee 08/06/2009 2009 Fall 39.00Engineering Infrastructure Fee 08/06/2009 2009 Fall 75.00Transportation Fee 08/06/2009 2009 Fall 115.00Technology Fee - Akron 08/06/2009 2009 Fall 171.60Facility Fee 08/06/2009 2009 Fall 222.60Ugrd Gen Serv Fee Akron 08/06/2009 2009 Fall 359.64 Quote Link to comment Share on other sites More sharing options...
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