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Monday, August 17, 2009
The Recession and Sports
I thought this was interesting from www.msnbc.com about the recession and college football. Enjoy!!
Everyone knows the recession is hurting sports. Major League Baseball tickets are going for way below face value on StubHub. NBA franchises, more than half of which lost money this past season, according to Commissioner David Stern, scrambled to offer fans food and ticket discount plans and other creative packages to keep them coming through the doors. Even the resilient NFL saw a 1 percent attendance dip in 2008, and the league expects another small drop this year.
But there's one corner of the sporting world that has proved recession resistant: on campus. Few things give well-to-do alumni of a traditional football power more pleasure than a trek over to the alma mater on an autumn Saturday. A VIP parking pass to a prime tailgate spot, partying with the old frat brothers, then settling into a seat on the 50-yard line just before kickoff — life just doesn't get any better, does it? All the more reason to spend on it. The sports and entertainment budget might need to be trimmed back a bit, but it's not gonna be here.
Not only are few athletic departments cutting ticket prices, secondary market sales online are holding up nicely from last year. StubHub sales volume for traditional powers like Texas, Ohio State, Oklahoma, Alabama and Notre Dame are up significantly, according to company spokesman Sean Pate.
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college football
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