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TIckets: Feld gets maybe (??) 70% of ticket revenue, if they are lucky. Most stadiums get a % of the ticket sales, and it is double digit %. Plus Ticketmaster fee's for selling online (and using the Ticketmaster system) and the credit card fees as well as the IRS cut...you cant forget the IRS taking their respective share!
Parking: The Parking money almost always goes direct to stadium. Those guys you see collecting your $10 in the parking lot are not Feld Employes, they are stadium employees.
Concessions: Most all food and bev goes to the stadiums.
TV Money: TV Money? The only TV money thrown around is the money Feld spends on TV, and TV Production. And it aint cheap. For the record, there is NO TV money coming in - Feld pays to be on TV. They also pay for the production of the TV show we all get to watch each Saturday night as well. Some ads and sponsorship packages might offset the cost, but for sure it is not paid for in full.
Any idea how much TV costs to do? Lets estimate on the low side $4-5mm for the season, probably more for BOTH the buy and the production costs. Keep in mind you have a staff of maybe 65-75 (or more) just on TV production alone. Those two (2) TV 18 wheelers and the three sat trucks you see parked in the TV compound do not come cheap. Neither does TV time buy (meaning live TV time). The ads sold during commercial breaks do not come anywhere near to paying the costs of production and time buys.
It is easy to sit around and count someone else's money, but I think very few folks really have any idea just how much it really costs to put that whole show together, and bring this show into each of the major stadiums for 18 weekends of the year. And no one has mentioned how much they might pay in Insurance...
It is a tough situation, but I see Feld investing in the future in the sport by spreading the word and getting a few sold out stadiums...it would be great to see million dollar purses, but even when they do offer those (think Monster Cup, US Open, etc), not every rider shows up!
Jimmy D- THANK YOU for calling it like it is.
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I was simply correcting another posters message, which was heavy on the assumptions and short on real facts.
It is easy for people to sit around and count other people's money, but until you have all the facts on costs and outlays, it could be a worthless exorcise.
I just wanted to inject some facts for the sake of the conversation!
Having been a struggling pro-am rider myself, and a guy who paid $180 to race (or whatever it was back in 1996-2001) , I would love to see more money for privateers. But then I went to college, studied business and now understand how things work, and it is not as easy as many posters on the board would like to think.
Feel free to "Fear Greed" all you want!
I know it's easier than you make it out to believe. We're not talking astronomical sums, especially considering the resources available. It is not impossible, it is simply a matter of DESIRE!!!
People here complain, and say Jimmy is right, but does anyone actually do anything about it other than also complain. The answer is NO.
700+ Million is what I read...
Last semblance of a rider group I remember was a Reed Langston deal circa 2008 that flamed out quickly when it became apparent cash was going to be required to launch the organization. Taking a step back for a moment if we consider things haven't changed up to now how conceivable is it that anything will ever change?
i never got paid for these articles, and no one ever came and offered me any money to write for them, so I went back to my normal job,
basically I was not good enough, or committed enough to make it as a journalist, will winging about it on the internet change anything?? not at all, and unless Jimmy will get a heap of people to stand with him and do something, his comments on the internet wont do much either,
Pit Row
So you can't bring up a topic without it being bitching? Jimmy is taking an all important first step which is communication and asking questions that need to be asked. I thought someone with a website who writes annoying articles would understand that communication is important.
For those saying that Feld pays to put the show on tv and doesn't make a profit from TV.... prove it. I don't believe it one bit. However, hard to prove one way or the other as they are a private company. But what company in their right mind would keep doing it if there was no profits to be made?
Why any rider would race the 250 class is beyond me. Well not really.. most are getting paid in some fashion to make it worth their efforts.
Weston Peick skipped the 250 class.. someone ask him why.
http://www.sportsbusinessdaily.com/Journal/Issues/2013/05/20/Media/Supe…
Since the top 10 or so riders are getting outside compensation of some sort (salary, bonuses, gear $$$ etc.) that make up the bulk of their earnings, the actual purse money that they are currently getting is just a drop in the bucket for them. However, $636 for the remaining 12 guys in the main could really help them make it to the next round....
Really..where is the incentive to Win in your scenario? In the hopes you get sponsorship money?
The riders need to group together and get FELD/AMA to pony up some real money.
Actually... it's quite simple... FELD is just taking advantage of a bunch of "kids with dreams".
I think these guys just have a hard time letting go when they find out they've trained their whole life for something and they weren't good enough.
Until these guys stop showing up or Feld has some competition, it won't change. Racing motorcycles is an entertainment industry. Just like TV and movies... You can make loads of money being the star or very little standing in the background. Not everyone will make it.
Jimmy Decotis has more choices than he thinks. He doesn't have to race Supercross.
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