It's math. And math doesn't care about your UCFeelings.
I remember having a private meeting with Todd Stansbury. AD 2012-15. I was shocked to hear that majority of the stadium venue came from the minority of premium seating. Then he broke down the math. I am not privy to release those numbers. But remember the 80/20 rule my UCFriends. 80% of your revenue comes from 20% of your UCFans.
Let's do some basic math.
2 prices
$20 regular seats
$100 premium seats.
Breakeven is 5 regular seats for the price of 1 premium. And it's really not that simple because it costs more to house more people ie parking, security, bathrooms etc. If we have a 50k person stadium I would want 20%, 30% maybe even 45% of seats to be premium seats, to maximize revenue. As long as we aren't putting too high of barrier for new UCFans to go to games, our UCFocus should be premium seating and premium experiences. Again, we are not going to 5x our stadium size to 250,000 seats for regular $20 tickets to get the same revenue that 50k seat stadium with 40% premium seats with $100, $250, and $1,000 seats can bring in.
Remember, on the internet only one things matters. One thing. UCFacts.
#UCFacts
I remember having a private meeting with Todd Stansbury. AD 2012-15. I was shocked to hear that majority of the stadium venue came from the minority of premium seating. Then he broke down the math. I am not privy to release those numbers. But remember the 80/20 rule my UCFriends. 80% of your revenue comes from 20% of your UCFans.
Let's do some basic math.
2 prices
$20 regular seats
$100 premium seats.
Breakeven is 5 regular seats for the price of 1 premium. And it's really not that simple because it costs more to house more people ie parking, security, bathrooms etc. If we have a 50k person stadium I would want 20%, 30% maybe even 45% of seats to be premium seats, to maximize revenue. As long as we aren't putting too high of barrier for new UCFans to go to games, our UCFocus should be premium seating and premium experiences. Again, we are not going to 5x our stadium size to 250,000 seats for regular $20 tickets to get the same revenue that 50k seat stadium with 40% premium seats with $100, $250, and $1,000 seats can bring in.
Remember, on the internet only one things matters. One thing. UCFacts.
#UCFacts