Friday, November 09, 2007
Worth More Than Vancouver Real Estate
The Vancouver Canucks are the ninth most valuable NHL team (from Forbes.com via James Mirtle):
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Technorati Tags: NHL, hockey, Vancouver, Canucks
The Vancouver Canucks are now worth $211 million, 43% more than before the lockout. Last season the team posted a profit of $12.8 million, after barely breaking even in the few seasons before the lockout. In addition, greater revenue sharing from the new collective bargaining agreement (CBA) helped teams like the Pittsburgh Penguins and Edmonton Oilers turn a profit.More team valuations here.
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Technorati Tags: NHL, hockey, Vancouver, Canucks
Labels: business
Wednesday, September 19, 2007
Scrap The Schedule Please
Finally, the NHL is poised to scrap the unbalanced schedule (David Shoalts, Globe and Mail) that allows Canucks fans to see Sidney Crosby only for the time this season, his third in the league.
More on this from Bob Mackenzie (TSN.ca).
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Technorati Tags: NHL, hockey
A decision will be made at the governors' next meeting in late November and NHL commissioner Gary Bettman said two options are being considered.Personally, I wish they'd adopt the latter option and ensure that each team plays in every city. After all, it's hard to market the players when fans only see those players every other year (or every three years as the case is now). I'd willingly sacrifice two games a season each of the Wild, Oilers, Flames and Avs for a guaranteed chance to see Jagr, Lecavalier, Staal, and Heatley every year.
One choice is to drop one of the eight divisional games and make that a game against a team from the other conference. Under that proposal, teams from opposing conferences would travel to each city every other year. The current schedule has teams playing only teams from one division in the opposing conference every year, which means stars such as Sidney Crosby of the Pittsburgh Penguins are seen in western cities once every three years.
The second choice will drop the divisional games to six and have full interconference play with a home-and-home series between every team.
More on this from Bob Mackenzie (TSN.ca).
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Labels: business
Wednesday, September 05, 2007
Paying Through The Nose
The Vancouver Canucks posted their single-game ticket prices on their website today:

For 12 premium games, the prices are as follows:

I've taken the liberty of comparing this season's prices to last season's:

That's one heck of a jump.
I didn't think too much of the price increase when I renewed my seats earlier this summer. There were no price increases in the two years before the lockout, and then, we were guaranteed a price freeze for two years afterwards. This price increase - basically our first in four seasons - was inevitable. For me, the difference was less than $2 per ticket (from $41.02 to $43). In terms of percentages, I didn't realize until now just how much the increase actually was.
Canucks fans can't be too happy with this increase, especially one that averages in double-digit percentages. Including service charges, the cheapest tickets - yes the cheapest - will now cost more than $100 for a pair. Did ticket prices in other markets go up as much?
So much for the Bettman spin that a salary cap was going to lead to lower ticket prices. But then again, those who know basic supply and demand economics already knew that that wasn't going to happen.
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Technorati Tags: NHL, hockey, Vancouver, Canucks

For 12 premium games, the prices are as follows:

I've taken the liberty of comparing this season's prices to last season's:

That's one heck of a jump.
I didn't think too much of the price increase when I renewed my seats earlier this summer. There were no price increases in the two years before the lockout, and then, we were guaranteed a price freeze for two years afterwards. This price increase - basically our first in four seasons - was inevitable. For me, the difference was less than $2 per ticket (from $41.02 to $43). In terms of percentages, I didn't realize until now just how much the increase actually was.
Canucks fans can't be too happy with this increase, especially one that averages in double-digit percentages. Including service charges, the cheapest tickets - yes the cheapest - will now cost more than $100 for a pair. Did ticket prices in other markets go up as much?
So much for the Bettman spin that a salary cap was going to lead to lower ticket prices. But then again, those who know basic supply and demand economics already knew that that wasn't going to happen.
______________
Comments/Questions: Feel free to post in the comments section or email me at gocanucksgo10 (at) hotmail (dot) com.
Technorati Tags: NHL, hockey, Vancouver, Canucks
Labels: business
Wednesday, August 15, 2007
Crazy For Canucks Tickets
Earlier this week, Cleve Dheensaw (Victoria Times Colonist) wrote about the frenzy for tickets to the Canucks training camp intrasquad game.
Via the letter that accompanied my season ticket invoice:
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Technorati Tags: NHL, hockey, Vancouver, Canucks
Island residents are clearly passionate Vancouver Canucks fans.On September 15th, Canucks fans get to go through the madness all over again - it's when single-game tickets go on sale.
Just how impassioned became evident yesterday when an upcoming intra-squad game at Save-on-Foods Memorial Centre sold out in just four minutes.
"Only a Cher concert sold out faster," said Dave Dakers, general manager of the centre and president of the Canucks' ECHL farm team Victoria Salmon Kings.
"It's definitely a record for a sporting event for either the Victoria or Kelowna [Prospera Place] arenas."
The intra-squad game, where the team is divided into two competing halves, is set for Sept. 16 at the 7,000-seat arena.
Dakers said the Internet ticketing system, which can handle 2,500 to 3,000 requests at one time, became full only 10 seconds after tickets went on sale at 10 a.m. The game sold out so quickly over the Internet and phone lines that only about 50 of the several hundred people in line at the box office were able to get tickets.
Via the letter that accompanied my season ticket invoice:
Single game tickets will go on sale to the general public on Saturday, September 15th at 10:00 am.I don't doubt that one bit.
Single game tickets are sold on a first-come, first-served basis ONLY through Ticketmaster at www.ticketmaster.ca/canucks or Charge-by-Phone at 604.280.4400.
A limit of four tickets per game is in place. Please be aware that the most popular games will be the first to sell out of available inventory so it is best to have other game options in mind. Just a reminder to be patient when encountering delays or busy signals during this period as Ticketmaster will be experiencing a large volume of calls.
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Technorati Tags: NHL, hockey, Vancouver, Canucks
Labels: business
Thursday, July 26, 2007
Seven Year Wait
I just got back from the Canucks season ticket seat relocation event which reminded me of Behind The Jersey's post on each team's season ticket waiting list. For Canucks fans, there's good news and bad news. That is, the news is good if you've already got season tickets; it's bad if you don't.
The Canucks, of course, have already capped their season ticket base at 17,000 full season and season ticket equivalentx (i.e. half-season and ice-pak packages). At the event, one of the account reps mentioned that their renewal rate this season was a record 97%-plus; last season after missing the playoffs, the renewal rate was about the same. This means that during this off-season and last's, only 3%-ish of the people on the waiting list are (were) able to purchase some sort of ticket package. With a waiting list that is now 7,000 names long, he estimated that the wait list could be anywhere from five to seven years long.
Wow. Just wow.
It wasn't that long ago that the Canucks were losing on the ice and in the box office. Heck, I remember working at GM Place and there would be an announced crowd of 13,000 for a Saturday night game. Obviously, this team's come a long way since then.
Wow. Just wow.
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Comments/Questions: Feel free to post in the comments section or email me at gocanucksgo10 (at) hotmail (dot) com.
Technorati Tags: NHL, hockey, Vancouver, Canucks
The Canucks, of course, have already capped their season ticket base at 17,000 full season and season ticket equivalentx (i.e. half-season and ice-pak packages). At the event, one of the account reps mentioned that their renewal rate this season was a record 97%-plus; last season after missing the playoffs, the renewal rate was about the same. This means that during this off-season and last's, only 3%-ish of the people on the waiting list are (were) able to purchase some sort of ticket package. With a waiting list that is now 7,000 names long, he estimated that the wait list could be anywhere from five to seven years long.
Wow. Just wow.
It wasn't that long ago that the Canucks were losing on the ice and in the box office. Heck, I remember working at GM Place and there would be an announced crowd of 13,000 for a Saturday night game. Obviously, this team's come a long way since then.
Wow. Just wow.
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Comments/Questions: Feel free to post in the comments section or email me at gocanucksgo10 (at) hotmail (dot) com.
Technorati Tags: NHL, hockey, Vancouver, Canucks
Labels: business

