The Real Reason NFL Stadiums Have So Many Luxury Suites
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- čas přidán 7. 09. 2023
- Today, the stadiums of every major sport have luxury suites, VIP lounges, club seats, and ever more luxurious amenities. But NFL stadiums have the most by far. Why? Well, there's a bit of extra incentive that makes it extra worthwhile.
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The answer was "money." I got it right! This was mostly a "sun rises in the east" video.
If you gloss over the more specific reasons he talks about, then yea I guess haha
My guess would’ve been that it’s because the NFL has only 8-9 home games per team instead of 41 or 81 like NBA, NHL and MLB. Meaning they need to generate more revenue per game by way of selling more high dollar suites.
Interesting to learn that revenue from normal tickets is shared but earnings from suites and other premium spaces are not.
0:33 the Roman Empire comes back again.😂
After the Astrodome, two other stadiums in Texas pioneered luxury suites: the Dallas Cowboys' Texas Stadium in 1971, and the Houston Rockets' Summit in 1975. The Louisiana Superdome also boasted suites when it opened in 1975, and the Astrodome itself would get new suites (dubbed Star Columbia) when it was renovated in the '80s. However, Dallas's Reunion Arena was built in 1980 without suites, and that would lead the Mavericks and Stars to eventually demand a new arena.
Lies again? UEFA SW MLS NFL TUSHY
A few months after I started working for a major NYC international bank, in 1974, I was given two tickets to the bank’s luxury suite at Madison Square Garden, to see the Knicks. The young lady I took with me was big time impressed.
Can you confirm if she is now your wife? This would be the perfect story if so!
@briansobon No, this was way before I met my wife. I have been in luxury suites at MSG several times since, the suites have been updated 3-4 times.
@@robertewalt7789 Many of the suites are on lease agreements with companies and can be updated/renovated at their will, and of course on their dime.
It is refreshing seeing old stadiums stay alive with few suites, accommodating the regular fans better in the face of making more money
10,000 seats @$5,000/ticket + $275/seat on food = $52,750,000
50,000 tickets @$350/ticket + $100/seat on food = $22,500,000
Nah bud. Your math is way wrong. Appealing to the poor only makes sense from a standpoint of mass appeal such as for advertising or merchandise purchasing. If there were no additional revenue from advertising or merchandising there would be no reason to appeal to the poor.
Though I agree the NFL should accommodate the regular fans it is absurd to propose that there is more money in that. There simply is not.
The problem is there isn’t the 60 40 revenue sharing with the suites. That would curtail luxury suites in NY, Santa Clara, LA, Texas, Miami. No one is paying $40k to watch a game in Jacksonville.
Love this video! Great to see the improvement!
You didn't mention how often these suites are given away as bribes, I mean, gifts to clients... A lot of the money is for greasing the wheels of business and it can often be very questionable and unethical.
Me and my grandmother made love in one of these suites
Or it’s just normal ass people from the company that owns said sweet. But yes they’re also used for clients. I.e oil and gas companies, engineering firms, etc. just because they CAN afford to do this to attract clients and others can’t doesn’t by any stretch of the imagination make it unethical
Wow great video, I found out a good few things
Rip the palace. Remember going all the time as a kid.
This is great stuff!
Great video!
I hate new stadiums and their suite focused design. imo the modern NFL stadium was started with AT&T stadium with its steep levels that include so many suites and their field level stuff that surrounds the field.
The Palace may have had a lot of suites but the way they incorporated them was so there wasn’t a bad seat in the arena. These new stadiums and their abundance of suites not only ruins the look of the stadium but also the normal fan experience.
sorry for the lil rant but this was a cool video, it’s cool to know that other ppl have also been noticing this
Money. It’s also the Disneyland effect. Disneyland isn’t technically for one majority of class income demographic. It’s sets its prices to a medium where their prices appeal to upper-middle class people. Football stadiums also appeal to these demographic becuase they know they’ll pay
$200 for the worst seat at a Rams game???
Vs the Eagles yea, vs the Cardinals it’s like $60
Vs 49ers that's a big game
I really wanna know how the luxury seat is ruining the average seats "experience"? Because they now know what theyre missing out on?
Business bro just "Business!"🎉
Only a brief mention of government/taxpayer money involved? Los Angeles did not have a NFL team for quite a while as the City of L.A. refused to cough up funds or concessions to the league. The Rams owner finally built So-Fi stadium, but its in the smallish neighboring City of Ingelwood on the site of an old horse racing track, and I'm not sure what the city 'gave away' to get it built there. The Clippers (NBA) are building their own arena nearby, not sure of the financials on that either, but a recent TV program showed it will be loaded/saturated with luxury boxes and internet-connected systems monitoring your every move.
I watched the entire video waiting for a surprise "real reason".
Cool video, but my dude, the selfie shots at the end could use some stabilization love. May I suggest a nice Samsung phone?
$450k a year sounds cheap, i wonder does it give you access to all events, if it does a luxury box can comfortably host about 12 people and considering year round events. It is a pretty good price, not sure if this the updated price or price for the Palace when it first open.
Anyone who watches sports behind glass isnt a real fan.
Can't help but think about that if luxury suites keeps growing but stays removed and unattainable, it ultimately fuels the wealth gap and resentment between the classes
Not really being front row on the 50 year line is far better then being in a suite. Being front row are a major concert is much better. In fact those tickets are far harder to get and can go for far more on the open market.
The luxury suites are pay for the stadium. But that's not where the die hard fans want to be.
Was sure this was click-bait. Happy to be wrong. Well done.
Can these boxes be written off on your taxes?
Yes, if you own a business you can write them off on your taxes as entertainment expenses
Money, money, money.
Tottenham has the best suite package in the world! COYS!
Because fans local fans don't matter enough to revenue
If you have 60,000 seats, and 1.2m fans. Then the more expensive the seats the more money you make. People will always show up.
If people stop showing up, charge more, reduce the seats, add buffets and sofas, call it an exclusive luxury experience and you don't need to sell as many seats to make the same amount of money.
At the same time, the people who can afford the seats are the sort of person who'll buy the seats so they can use them when they want them, but most the time they'll sit empty. The 0.1% have so much shit, it's impossible to appreciate. Several houses in multiple countries, hundreds of luxury cars, yatchs, jets, reservations at luxury restaurants, luxury suites. You and I are stumping up $200 for the one ticket in the rafters, once a year as a special treat or experience. They're dropping $50k on a suite in case they're in town when a football game is on.
thats teally fricked up😢
I hope laws are passed that NFL is banned using taxpayers money to build a places that has more then 10 luxury seats. If they want to build a luxury stadium they can pay for it themselves.
Hahahaha...it's called economics my friend...how much money does that stadium bring to the city...its simple math...if you spend 1 billion but consistently make 2 billion...then do it..hahahah
Because people like me love sports but hate idiots.
No thanks....
Money
Surprisingly rich white people not listed ....
ill stream illegally for free from home
Algorithm
I can't be mad at it. These suckers paying 10 grand for a suite is subsidizing my seat.
It is? Because tickets prices have only been rising
Average ball in play time in NFL is 12 minutes out of a 60 minute game. Way too many commercials and stoppage of play.
captain obvious video. should have been a 30 sec video.
pay to win.
This assumes that the only sports are american, whilst the rest of the world plays real sport, in real stadia, where exec boxes pay huge amounts of cash into the team without using up too much space. This is an american issue based on your own social issues and flaws. Compete with the rest of us, in real sports, and come and see how its done.
Meh, I won't ever attend a Game, Not worth the price to go watch a bunch of millionaire crybabies throw a ball around.
Because Corporations use tax write offs to fund, so you and are are the ones really footing the bill for the fat cats who aren't real fan anyways.
fwiw, it's just MLB, not The MLB
Should be the shortest video ever.....MONEY!!!!!! 10 seconds long tops
MAGA
Money