StudentShare solutions
Triangle menu

Springfield Nor'easters - Article Example

Not dowloaded yet

Extract of sample
Springfield Nor'easters

The tickets will also consider the families buy giving the families a different package to make the families have fun with their children in the stadium. The stadium will be partitioned into sections and the prices set for every section in the arena. The proposed packages are Friends and family package Couple packages Children with birthday parties Single tickets VIP packages And general sits packages Expected annual revenue With good advertisements and the culture of giving good packages to the community, the tickets are expected to be sold out even before the leagues start. Since it is a new culture being built in the community, the fans will be intrigued by the new sports phenomenon and would be down to pay the tickets for the experience. Another motivation to the revenue collection is the fact that the fans will be treated to new teams who come to the venue therefore fostering the competitive culture and identification. With creation of a local fan base, the tickets are inclined to producing more money even during the friendly games and off-season matches. With the packages and pricing set per seat a family is expected to pay for a game is close to $59 every single game. The ticket for an individual is $ 4-12 depending on the preference of the sitting area. The stadium has a capacity of 8200 seats. With the approximation of 500 families in the community will start cultivating a culture of sports the family will spend $2242 a season. With five hundred families alone, the expected revenue collected is $1,121,000. If 2000 individual fans attend for a whole season at $4 each the expected revenue collected is $304,000. For the VIP section, the expected revenue is close to $500,000for the single tickets of a thousand fans. For families VIP tickets can cost an approximate of 96 dollars. The expected number will be higher in this section due to the environment conducive for the children. If only 300 families book the VIP area, the revenue is expected to be $1,094,400. The summation of this revenue will be close to 3,400,000. Concisely the annual revenue can be close to $5,000,000 when everything is done right in the initial stage. Better revenue collection will be realized with the events building up in the region and a fan base created. The revenue is based on approximation and the least amount charge to every game Expected annual concession revenue The concession calculations will vary due to the different types of ticket sales to the people. With an attendance bracket that depreciates from the 5game, 20 game seasons and a full season, the logical expectation of the revenue will be $2,000,000 as long as the tickets will be reasonable to the public. However, the tickets are supposed to medial to avert the events where the people do not attend since it is cheap. The establishment of a price that is at par with the control and building of the fans will create a culture of not missing a game to utilize the money spent on the ticket. Even in the assumption of full attendance, the variation in the fan attendance will dictate the revenue collected annually. With the survey conducted in the research there will be better concession revenue collected than the estimate. Breaking even The team will break even in the end of the year only if everything is done right. The qualitative analysis of the research is done using the contribution analysis. The model of payment is crucial to the ...Show more

Summary

Springfield Nor'easters Name: Institution: Type of ticket packages to be offered The tickets should vary in accommodation of the range of funs expected in the stadium. These fans will come in different clusters. The ticketing should vary with the preferences the people have to the where there will be prime tickets for the VIP, premium one and two tickets and the general seats…
Author : isidrooreilly
Springfield Noreasters essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the article on your topic
"Springfield Nor'easters"
with a personal 20% discount.
Grab the best paper

Related Essays

The creation and growth of, The National Association for the Advancement of Colored People, after the Springfield Race Riot of 1
Its core function centers at mobilization for civil rights reformation just like any other civil rights lobby groups and organizations. The Association is founded on a persistent and generally energetic national composition of subdivisions, college chapters and youth committees working in each state and spearheaded by a headquarters staff and several field offices.
30 pages (7500 words) Essay
Population Growth. What makes/made the population increase
Population Growth. Since the evolution of earth, man has multiplied in number manifolds. Since early 1800s, there has been a seven-fold increase in the world’s population (Pearson). Adam and Eve parent the whole population of mankind. There are many factors that are responsible for the increase in population that include but are not limited to increase in birth rate, decrease in death rate, poverty, lack of education and lack of awareness.
2 pages (500 words) Research Paper
Crime Prevention in Criminal Justice System
The crime fighting body, the FBI in each year compiles a comprehensive report that details all reported crimes in the US, which are grouped in crime rate per 100,000 residents across states and cities. Such crime data offers the basis on which decisions can be made on the approaches needed to lower or prevent crimes in different areas.
8 pages (2000 words) Research Paper
Critical Article Review
The is a difference between the objectives of universities and colleges from commercial enterprises which have profit accrual as their basic objective whereas colleges and universities pursue to provide educational services contained by the existing revenue levels expended, even though a slender rise in revenue is desired by some of the governing boards (Houston, 2008).
7 pages (1750 words) Article
Maximizing Revenues in Minor Leagues
Maximizing Revenues in Minor Leagues In order to prevent the falcons’ ice hockey team from leaving Springfield, Larry Buckingham had to do something. He carried out a research that would help him come up with the most convenient ticket-pricing plan that would help them meet the required number of ticket sales of 300 tickets, enough to prevent the falcons from leaving.
6 pages (1500 words) Case Study
Pain Perception
It further says that pain has two dimensions - affective and sensory. But as he proceeds to explain these terms, it remains in the arena of psychology only as it all revolves around pain as a feeling or emotion. According to the medical dictionary, pain has both components - emotional and physical.
3 pages (750 words) Article
Alleviating Problems in Police Agencies
In recent months, as the media and the community have complained of excessive force by local law enforcement officials, the definition for democracy appears to have been covered by the need to protect the public from police misconduct. Overall my concept of assessing question requires the discussion of the notion of the Rule of law and how it has developed within and through the Western Notions of freedom and democracy.
85 pages (21250 words) Article
Pricing Decisions Case Study on the Springfield Noreasters

The author of the paper will mention three alternative courses of actions with their pros and cons. The main problem that the team faced was the pricing of the tickets for the matches. The team wanted to maximize their revenues in the minor leagues for which they had to price the tickets very carefully.

5 pages (1250 words) Essay
Introduction: The United States has been called a melting pot of cultures. Think about and then describe your traits and abilities in comparison to those of others. Comparing your traits to those of someone who is better than you is defined as upward soci
I live in Springfield, Virginia. Springfield contains a melting pot of individuals. Each individual where I live is similar but different from me. I am a male who is from India. I am Hindu and although some near me share the same beliefs, many
1 pages (250 words) Essay
Springfield Nor'easters Case
This explains why they haven’t played any game yet and no such plan until after one and a half years. Available research indicate that apart from inhabiting an
3 pages (750 words) Assignment
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation