Reduced purse for remaining SX

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5/15/2020 7:47 PM

I get the promoter is losing ticket sales but really, cut the pay of the performers? Sad...

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5/15/2020 7:50 PM

Seems like a lot of money they’re losing with no ticket sales. I think that’s just what’s necessary at the moment.

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5/15/2020 7:57 PM

731chopper wrote:

Seems like a lot of money they’re losing with no ticket sales. I think that’s just what’s necessary at the moment.

Wonder what they would say if their sponsors said we are reducing our payments because no fans are seeing our signage? Maybe they are? Guess no one lives on the meager payout anyhow so probably doesn’t matter in the long run, just thought it was another jab at the riders

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5/15/2020 8:12 PM

731chopper wrote:

Seems like a lot of money they’re losing with no ticket sales. I think that’s just what’s necessary at the moment.

Feld's last 20 years of income I'm sure could handle the purse money. SX is a joke.

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5/15/2020 8:17 PM

731chopper wrote:

Seems like a lot of money they’re losing with no ticket sales. I think that’s just what’s necessary at the moment.

22Ryann wrote:

Feld's last 20 years of income I'm sure could handle the purse money. SX is a joke.

So you have seen their P&L and know their net income? This is the promotor bringing the sport back for gods sake with zero fans. How much of a loss that do you think that equals to not to mention all their other shows out of business at the moment?

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5/15/2020 8:17 PM

22Ryann wrote:

Feld's last 20 years of income I'm sure could handle the purse money. SX is a joke.

Just because a company has been turning a profit for 20 years, it doesn't mean they have the capacity to survive an economic crisis

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5/15/2020 8:26 PM
Edited Date/Time: 5/15/2020 8:27 PM

mingham97 wrote:

Just because a company has been turning a profit for 20 years, it doesn't mean they have the capacity to survive an economic ...more

Ming & 8ten, a company that has been operating since like 67' is a company that can handle a 6-month downturn. The purse money is a grain of sand to them.

Heres some perspective, consider these will all be all estimates. But look at the scale of these numbers.

Feld annual revenue:
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Valuation, that's a 2015 number:
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Owner:
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5/15/2020 8:26 PM

22Ryann wrote:

Feld's last 20 years of income I'm sure could handle the purse money. SX is a joke.

Uh yeah, that’s not how cash flows work.

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5/15/2020 8:28 PM

Y'all can be amazing

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Make sure you downvote!

5/15/2020 8:37 PM

22Ryann wrote:

Feld's last 20 years of income I'm sure could handle the purse money. SX is a joke.

mingham97 wrote:

Just because a company has been turning a profit for 20 years, it doesn't mean they have the capacity to survive an economic ...more

22Ryann wrote:

Ming & 8ten, a company that has been operating since like 67' is a company that can handle a 6-month downturn. The purse ...more

Just because a company has $287m in revenue doesn’t mean they have any profit. If it’s costs $300m to do business they could be making a loss.
Kenneth Feld was probably worth 2bn before everything got shut down. However it’s not like he has has $2bn in benjamin’s under his mattress. That’s the value of his assets most notably shares in Feld entertainment which have most likely taken a nose dive.
Reality is that Feld has to protect themselves as best as possible. No purse money, lay offs whatever it is or those shares could be worth 0, which every stakeholder in the company - from Kenneth Feld to the board or directors all the way down to any employee that has a pension tied to their shares will likely take a huge loss. Feld Entertainments fiscal responsibility is to its shareholders first and foremost.
This is their decision if the rider don’t want to race for a reduced purse they can stay home and also get a reduced salary from the manufacturer for not hitting their minimum race clause. It’s a free country, it’s their choice.

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5/15/2020 8:44 PM
Edited Date/Time: 5/15/2020 8:46 PM

They probably collected unemployment and a stimulus so there's that..

I'd bet Feld got stimulus and is required to maintain employees to not have to pay it back. Rider's aren't employees.

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5/15/2020 8:49 PM
Edited Date/Time: 5/15/2020 8:54 PM

My point is in the scale of numbers the company operates in.

The riders ARE the show, they should never even be in the conversation of cut salary.

Seriously distil it all down, SX abstract all the revenue into their own pockets already by not including any of the teams or riders in any of it, they are not even allowed to set up other brands of vehicles in the pit, sell shirts at the tent and even go as far as steal team's sponsors. I'd love to see the details on the SX Game, I'm sure the riders make no profit out of it considering they use there likeness. Why do you think 94 ain't in it.

They are in the business of looking out for themselves, this isn't a vendetta they have proved that for years and years on end. It's been discussed here and on radio shows for years. Take take take... And great, that's their prerogative.

But now when the coin is flipped they are in the hole, where is all the capital management to keep this thing afloat? You guys are brainwashed the way you think as them thankful to put on the show. They are trying to protect their asset by going racing.

I'm indifferent to the situation but to think after all the ways they take from the system, they at least need to fucking wear the cost of the riders purse. And you're a simp if you think otherwise.

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5/15/2020 8:58 PM
Edited Date/Time: 5/15/2020 9:57 PM

You get what you negotiate, not what you deserve.

Once you sign a Team contract, your negotiating leverage is gone, you have to show up so you can't strike. Bonuses pay for finishes, so you can't go out and roll around. The guys not on contract don't have any star power so if they no show no one notices.

The closest thing to a strike we ever saw in this sport was the lighting problem in Vegas and the safety aspect created riders concerns. 1995.

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5/15/2020 9:04 PM

Ah yes....the haves and the have-nots....

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5/15/2020 9:31 PM

250 West/East
1. $5,000
2. $1,000
3. $500
4. $200
5. $100
6. $50
7. $25
8. Trophy 🏆
9. Trophy 🏆
10. Trophy 🏆
11. McDonald gift certificate
12.
13.
14.
15.
16.
17.
18.
19.
20.

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5/15/2020 9:47 PM

Johnny Depp wrote:

You get what you negotiate, not what you deserve.

Once you sign a Team contract, your negotiating leverage is gone, you have ...more

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5/15/2020 9:57 PM

The purse money is a joke. These guys go out and risk injury and put on the show every weekend. I couldn’t imagine being a privateer making the night show and getting the little pay they do. I know it takes a lot money for Feld to put on the events but i think the riders should take away a lot more money then they do.

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5/15/2020 9:58 PM

EngIceDave wrote:

Y'all can be amazing

Yeah bro, I'm with ya on that. Just shaking my head too, can't believe they went there.

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5/15/2020 10:01 PM

EngIceDave wrote:

Y'all can be amazing

Don't Go There Bro wrote:

Yeah bro, I'm with ya on that. Just shaking my head too, can't believe they went there.

I like your style

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5/15/2020 10:37 PM

22Ryann wrote:

Ming & 8ten, a company that has been operating since like 67' is a company that can handle a 6-month downturn. The purse ...more

You’ve never owned a business have you?

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5/15/2020 10:53 PM
Edited Date/Time: 5/16/2020 7:58 AM

Anyone that thinks field pays an okay purse amount is high.
There are local races that the winner earns more. If it wasn’t for the factories paying large contingency’s supercross would be bye bye. I’d get cutting the purse if they were actually putting up a sizable amount. How much money are they really going to save? A few thousand bucks? Lol

I don’t blame feld for being cheap asses at the end of the day it’s the riders and manufacturers that need to demand a higher purse. It’s sad that qualifying fast 40 in 250fs doesn’t even cover an entry fee and fuel. At the end of the year field makes more profit from dirtbikes than anyone.

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5/15/2020 11:12 PM
Edited Date/Time: 5/16/2020 7:58 AM

Thank god for this cut feld will be able to save literally hundreds of dollars Photo

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5/16/2020 12:43 AM

yak651 wrote:

I get the promoter is losing ticket sales but really, cut the pay of the performers? Sad...

Reminds me of a Billy Preston hit.

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5/16/2020 3:48 AM

Motoboy wrote:

You’ve never owned a business have you?

Vitards absolutely everywhere.

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5/16/2020 4:26 AM

I can see both sides of the argument, but it's pretty hard no to think of the riders on this one – it's not like the purse is so large that it going to kill Feld – but it will 100% make a difference to quite a few riders.

If they do anything – they should scale it so the guys who need it get it – Chisholm, A-Ray, all those dudes.

Eli and Kenny don't give a fuck. Doubt Brayton does either. But there is a line somewhere they should/could intelligently draw to help people out who make up their show.

But who the fuck am I kidding.

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Cheers, Crush
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5/16/2020 4:46 AM

How much is the purse in MotoGP?
WSBK?

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5/16/2020 5:19 AM

https://www.fox13news.com/news/palmetto-based-feld-entertainment-lays-off-90-of-its-employees

90% of it's staff was laid off
Feld has been hemorrhaging cash since this began
None of their other properties can operate....zero

Disney on Ice? Nope, no crowds allowed
Jurrasic on Ice? Nope, no crowds allowed
Monster Jam? Nope, no crowds allowed

All of those are fully dependent upon ticket sales, butts in seats....The ice shows aren't even shown on TV and/or broadcast live

Feld is paying for a stadium and staff for a month, out of their pockets, with zero spectators....no ticket sales at all. You think that's cheap?

Feld isn't doing this as some profit making venture, it's to fulfill contracts...their own and the teams'
In the long run, it'll benefit everyone.

Without this, quite a few riders and teams would be forced to fold.

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5/16/2020 6:17 AM
Edited Date/Time: 5/16/2020 6:17 AM

My guess is the teams would have showed even if they didn’t have any purse money!

Did the AMA and the FIM take a hit too? That would be my question!

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5/16/2020 6:18 AM

AMA has been begging for memberships. I have gotten a few emails asking to re-up for 2-3 years

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5/16/2020 6:29 AM

The riders have zero leverage because there isn’t much demand for their services. If Feld doesn’t host a SX race then where are the riders going to go to showcase their talents and more importantly where will they go to make any money? That’s right, nowhere.

After all this is all about money.

The scale isn’t there because the demand isn’t there.

Now I suppose you could say the same thing about all sports. But the scale and demand is so much greater for say football or soccer. The stars literally elevate those sports. Their is mutual interest to work together. That’s why you are so close to 50/50 splits on revenue in many major sports.

It’s just not the same in a small sport like SX with small demand.

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