Ross Ade now holds 57K and change. Last home game attendance was 33K, and I am sure this was overly generous. But we will give this to Morgan.
So there were 24K empty seats last game and this number will only grow in the future as the team continues to lose. I realize some competing teams will bring more fans than Minny but this should be easily offset by our own fans staying away.
Assume an average ticket price of $45 based upon the ticket map Purdue provides of Ross Ade. So 24K x $45 equals $1,080,000 in lost revenue per game. This does not include lost concession revenue or lost Purdue sportswear revenue. Call it a million bucks a game.
It looks like Purdue plays 7 home games a year. So quickly this lost revenue number becomes $7 mill per year. And again, this is a very conservative estimate.
Hazell's buyout begins to look much more reasonable when you look at the actual numbers.
So there were 24K empty seats last game and this number will only grow in the future as the team continues to lose. I realize some competing teams will bring more fans than Minny but this should be easily offset by our own fans staying away.
Assume an average ticket price of $45 based upon the ticket map Purdue provides of Ross Ade. So 24K x $45 equals $1,080,000 in lost revenue per game. This does not include lost concession revenue or lost Purdue sportswear revenue. Call it a million bucks a game.
It looks like Purdue plays 7 home games a year. So quickly this lost revenue number becomes $7 mill per year. And again, this is a very conservative estimate.
Hazell's buyout begins to look much more reasonable when you look at the actual numbers.