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Those look pretty realistic... if anything, I might be skeptical that the listed prices for food are actually that cheap. We went to a local minor league game, and a hot dog plus a soda combo was like $8.
i just heard about this from one of my local AM radio stations
those numbers are a tad off on the low side.
since i am from northern IL they used the example of the cubs but the food prices were more and the parking wasnt even in the ballpark (excuse the pun).
but even at this lets say "optimistic" estimates still damn expensive
I thought the same for the Twins, but I checked their pricing online, and I guess there are 2 sections with "family priced" food and drink items that align with this. The rest of the park is higher, but if you manage to find the affordable food stands, this is fairly accurate.
Can we have a talk qbout how weak the American dollar is in this context?
Stuff being too expensive is a reoccurring conversation had in my life, and on this forum. But from what I can tell, everything's been inflated from groceries to ballgames. No one seems to realize our dollar is just worth a lot less overall than it was 10 years ago.
IMO it comes down to capitalistic culture expecting infinite growth and profit margins, but thats not realistic. Corporations need to realize their growth caps somewhere rather than paying their work force the same while raising the price of their products or services to further expand profits.
That being said. I worked for the Pohlad family for 3 years. They own the Twins, and as a result, I got to sit in on that portion of the quarterly financial meetings. The Twins aren't that profitable. Those high concessions prices are barely getting them by. And thats with a lot of the vendor employees being volunteers. So you gotta understand the fact that there is a TON of overhead involved with managing a professional sports team.
IMO it comes down to capitalistic culture expecting infinite growth and profit margins, but thats not realistic. Corporations need to realize their growth caps somewhere rather than paying their work force the same while raising the price of their products or services to further expand profits.
This is correct, but there is a small problem with growth capping out. Investors are banking on constant growth, as is every retirement fund in the world.
It's an actual delima, because we know it's not sustainable to continue this growth, but if I want to retire, it has to happen.
Don't want to contribute to their salaries? Don't watch them. Don't buy their merchandise. Don't listen to sports radio or watch ESPN. Don't vote for politicians that pander to sports team owners. However, wage controls are near the pinnacle of insanity.
This past spring during the season end of my Son's Cub Scout banquet they announced that Fenway was having a "Scouts Day" where scouts were invited to Fenway to watch a game, then run the field afterward, all for free! In his group there are 34 kids, we needed five kids to sign up to go. We were the only family to sign up (with two scouts). The leader ended up signing his son up, but we couldn't get two other kids to go, all the families turned down the opportunity. I was flabbergasted.
We figured it was a money thing, so we offered to rent a 15 seater van and drive everyone down, but no one wanted to. We were super bummed!
However, the minor league team in our state (Seadogs), is also doing a Scout day, and all the scouts get to go for free (parents pay $20 each), and we get to go to the game, get food and drinks for free, then camp out on the field overnight. We signed up immediately! This will be a great experience!
IMO it comes down to capitalistic culture expecting infinite growth and profit margins, but thats not realistic. Corporations need to realize their growth caps somewhere rather than paying their work force the same while raising the price of their products or services to further expand profits.
Taiichi Ohno said the only way to increase profits is to mercilessly improve flow, thereby cutting costs. Peter Theil/ Blake Masters write that in any mature industry, profit trends to zero as other players enter or leave based on what little profit can be had. Only technology (i.e. having a "secret sauce") allows someone to make more profit than a competitor, and there will be a competitor for any nonzero profit.
Ohno's idea of cost reduction is the secret sauce to have profit, which can therefore never be more than the amount your cost is lower than your next best competitor.
... but we expect profits to follow some other fairy dust, like the number of likes on Instabook. So (borrowed) money is thrown at marketing, M&A, and restructuring, or in slightly more sane companies, at product development, in hopes of capturing a market and profiting before a competitor is established. But the finance types keep showing these exponential growth models, and believing it holds in a mature market. And they make up the difference by marketing to Americans who neither need nor can afford (in a real sense) their latest smartphone that folds or refrigerator that makes its own shopping list.
Ya those costs are pretty low average. Baseball games tend to be quite long... who the heck is going to last with 2 drinks, nevermind a family.
Minor League games are where you can have a ton of fun, are much closer to home-plate, and prices tend to be near the same as going to a Movie Theatre.
You also won't spend an extra day of travel getting to and leaving the field lol.
Can we have a talk qbout how weak the American dollar is in this context?
Inflation hit all around the world right now for many reason (covid, lack of worker, semiconductor shortage, war in Ukraine causing food shortage and manufacturing shortage and other)
You can also be happy the value of the USD is higher compare to other curency.
There is definitely some trickery going on with the numbers. I'd like to see how they came up with average ticket price.
I go to a few Red Sox games a year and the only way you are parking for less than $40 is if you park a mile away at the Prudential Center and walk. The last time I parked there it was $20 if you showed your game ticket while paying. Or you park outside the city and take a train in. That would cost $10 and then $5 for the train and a 30 min ride each way.
When I went in April parking was $60-80 at most of the lots close to Fenway.
Here is a quick breakdown of what I spent in April.
Ticket, $100
Parking, $80 split 4 ways, $20 each
Eating at restaurant outside of park before game, $50, this was a burger and 3 beers
New hat from team gift shop, $40
Beer inside Fenway, $12.50 each, I had 4, $50. This was for craft beer. I believe domestic beers were $10. Mixed drinks were $12.50 as well.
Bag of peanuts, I think it was $5
Dinner after the game, $30
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