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Einstein

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Everything posted by Einstein

  1. In your mind, a 1990's Bills Playoff game = Regular season game in December after the team had lost 3 of our last 5 games? It was a regular season December game. Not a playoff game. I don't see the correlation. I’m sorry that you mispriced your tickets for night games. I never said you can't afford PSL's - I said PSL's will sell at a lower percentage rate as the team moves on to areas where fans with less income typically sit. In a completely separate conversation I spoke about how night games sold well. Those were two separate conversations not meant to be correlated. Your inability to follow the conversation is not my fault. To be honest, I think what is actually happening is that you are taking my analysis of the PSL situation to heart, as a personal affront to you. I assure you that it wasn't meant that way. I'm not judging your decision to purchase. Not at all. I didn't intend to hurt your feelings. I simply give my thoughts and that's it. You have every right to purchase a PSL and enjoy it. I hope you do. You can ignore me if you'd like - I wont take offense.
  2. Trust me - I totally get it. Only games you deem as non-worthy night games count for your blanket rule of "night games don't sell well". September doesn't count. December doesn't count. Playoff games don't count (although you previously said that playoff games don't sell well). I could post 3 more examples and it wouldnt matter.
  3. Playoff games aren't played in December... That was a game played when we were 7-5, coming off 3 losses in our last 5 games.
  4. Let me guess - December dosn't count either.
  5. That was a night game, right?
  6. Titans game where we smashed them. What price did you set the tickets at? The vast majority do not do either of these things. You're falling into the trap of "I do these things, therefore others do as well". It's an easy trap to fall into. There was a study done last year that showed that more than half of America has ZERO saved for retirement. Literally 0. Nothing. Zip. Nada. And they certainly are not saving for college education either. My good friend worked for a car dealership. He would often tell stories of people on welfare and food stamps that would arrive and request to test drive a vehicle with a $500 per month payment. Sometimes he even got them approved (I believe with some smudging of numbers). They happily drove off. People have no problem spending $89 per month for Bills seasons.
  7. If that was the only payment, yes. But you're forgetting - it will be the PSL payment, PLUS the season ticket payment. A PSL payment of $200 is double what they spend on seasons right now, and the season ticket payment will likely go up by at least 50% as well. In essence, we are talking about a 3x increase in cash outlay. Another place where price sensitivity will come into play with lower earners is the down payment required. I saw one person was quoted a down-payment of $8,000. I don't know the terms, but that surprised me and is likely where the lower earners will struggle (ie: see my comments on elasticity of demand).
  8. Then you are either charging too much or are in the wrong section. My night games sold like hot-cakes. I kicked myself for not pricing them higher because they were gone so quickly. NOTE: The exception to this is Thursday night games. Those suck. I do watch some other STH's on Ticketmaster just sit on their tickets though. And it's almost always because they have them priced at something stupid like $700 per ticket. Of course they aren't selling at that price.
  9. Are you under the impression that it is $1,100 per MONTH? It's not. The 300-level is (on average - sections vary) 9 monthly payments of $89 per month. The 100 level is on average 9 monthly payments of $122 per month. Therefore if you wanted to use a monthly budget, it would be $3,200/mo take home, with $3,111 left after budgeting the seasons in the 300's, and $3,078 leftover in the 100's. Yeah, they are.
  10. Yep. If it’s a night game, you may only have to sell 2.
  11. The take home pay of $150,000 is $9,400/month. $3,000 per ticket is 1/3 of their monthly take home pay. See a similarity here? Again, this is all on purpose. The Bills (and other teams) calculate these prices for the exact reason i’m showing home.
  12. I always wondered how teams would even begin attempting to enforce a ban. How would you identify a banned person out of 70k?
  13. This guy is the President of a hedge fund, of course.
  14. Club season tickets are ~$3,000 per ticket. That is 2% of a $150k annual family income. 100-level season tickets are ~1,100 per ticket. That is 2.2% of a $50k annual family income. 300-level season tickets are ~$800 per ticket. That is 1.4% of a $50k annual family income. This is not an accident. It's by design. The Bills price each level to appeal to the demographic. The % of income is near-identical but there are FAR more 300 level and 100-level seats than club seats. So yeah, I would be shocked if the average current season ticket holder was not around the median income level of the Buffalo region. Not sure if you looked around the fans at a Bills game, but it's not 70,000 neurosurgeons, corporate executives and scientists. PS, there is also a reason why season ticket renewal date is March 15th (hint).
  15. Considering the per capita income of Buffalo is $29k and the median combined family income in Buffalo is $46k per year... It would downright shock me if the median family income of CURRENT season ticket holders was much over $50k.
  16. Because it takes a long time to put 60,000 people through a timeshare presentation. That's the honest truth of the matter. I think you may be right. The Bills releasing numbers of sold club seats to the Buffalo News (their media partner) was a huge red flag to me. It reeked of marketing desperation. Aka, "we need to get the news out that clubs are selling fast so we create a sense urgency when season ticket holders visit the presentation." I also saw some red flags with how they phrased the 75% renewal rate. Losing 1 in 4 customers is already bad, but I wouldn't doubt if the real number was closer to 1 in 3 and they are bumping it to 1 in 4 by offsetting corporate purchases. This doesnt mean they wont sell out - they will - but it will be a slow burn. This is because they genuinely don't know. The Bills have not decided what the rest of the stadium will cost yet, because they were using club seats PSL's as a benchmark to price the rest of the stadium.
  17. Because ECSC doesn’t set the prices. Or decide how to sell them. Thats all the Bills. The Bills are trying to maximize PSL value so the fans pay for as much of the stadium as possible. Billionaires don’t pay. Average Jane’s and Joe’s working for $22 per hour pay. And that’s okay, because other teams do it (or at least that’s the argument from other fans defending it).
  18. The contract mentions it multiple times. I’ve posted one such section below. The Bills (Stadco) must deposit all monies from PSL sales into the project fund and has no ownership interest in PSL proceeds. No, they technically have to. They have no choice.
  19. I honestly don’t care (it doesn’t bother me), but i’m curious why they would pick Kleinhans to model from. Its a staple, but definitely not in the top 5 of things I think of when “Buffalo New York” pops in my head. Personally, since the day the rendering was released, all I can see is a stadium that resembles an upscale mall entrance.
  20. They can’t. PSL’s must be used for the construction project and nothing else. Its just double taxation for WNY’ers.
  21. Many have been saying this for quite some time now. He knew what he was doing with the cryptic messages and things he would say. Some even feel he took a shot at Allen today with this tweet:
  22. Oh I missed that. That is not a bad offer.
  23. Yes, IF you ignore these 3 factors: 1) If you count pre-season. I wouldn't. 2) And if you pay cash (most will finance is my guess). 3) And if you don't take into account opportunity cost, which would be approximately $181,260 over 30 years. Some of this will be offset by hedging against inflation.
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