Quote:
Originally Posted by Cageysmooth
Let's do a little math taking an hypothetical PGA tour event. Using $40 a day for a ticket to get into the event and an average of 30,000 per day attendance you are talking about just ticket sales of $1,200,000 per day or for the 4 day event $4,800,000! Don't think that is chump change and judging by watching the Euro Tour I would guess the crowds are more in the 5,000 to 10,000 range with some being a lot less than that. I'm just wondering what all that money get used for and if it just getting used to cover expenses then how does the Euro Tour cover their expenses?
The Greenbrier Classic, I use this because its the closest PGA Tour event to me. Had for different price packages.
The cheapest was the Grounds Badge - $159 for the week.
Next level was the Benefactor Badge - $285 also for the week, let you have a little more access.
3rd level was the Alumni Badge - $495 again with a little more fluff and stuff.
Then the Top level the Clubhouse Badge - $5,000 giving you basically total access to the Resort.
So you can see my numbers, in the hypothetical, was based upon the low end not even the mid range and certainly not the upper range. I agree with ship---this that they wouldn't be making a money selling the tickets to the general public, so that must be covering some kind of expenses.
I am not sure of the actual numbers, but if attendance is 30,000 I'd like to know how many of those are actual public that pay some sort of face value for a ticket. I know I am a country club guy, but I don't know a single person who has ever actually bought a ticket to an event. I would bet at a minimum half the crowd is there on a corporate badge or tickets from the Pro-Ams or some other source than just buying a ticket at the box office.
So while yes, $1.2M is not chump change, most of that revenue is already made whether you have 10k spectators or 100k via the corporate box sales.