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Game Cancelation cost LSU 3.2 Million in revenue

Posted on 9/9/15 at 10:58 am
Posted by BugaPainTrain7
Oxford, MS
Member since Nov 2014
11567 posts
Posted on 9/9/15 at 10:58 am
LINK
This post was edited on 9/9/15 at 10:59 am
Posted by pivey14
In Your Head
Member since Mar 2012
15445 posts
Posted on 9/9/15 at 11:00 am to
Damn
Posted by Ryan3232
Valet driver for TD staff
Member since Dec 2008
25794 posts
Posted on 9/9/15 at 11:00 am to
ehhhhh we'll survive
Posted by sealawyer
Coonassganistan
Member since Nov 2012
3138 posts
Posted on 9/9/15 at 11:00 am to
How?

Is this after refunding tickets? Or is some ad revenue contingent upon a game being played?

The concessions sold out. The tickets were purchased.

edit: didn't see the link
This post was edited on 9/9/15 at 11:01 am
Posted by saint amant steve
Baton Rouge
Member since Aug 2008
5695 posts
Posted on 9/9/15 at 11:00 am to
Come on Buga, you couldn't even link the original New Orleans Advocate story?
This post was edited on 9/9/15 at 11:01 am
Posted by Ash Williams
South of i-10
Member since May 2009
18146 posts
Posted on 9/9/15 at 11:01 am to
pretty sure it said between 1.8 and 3.2 million

but yea
Posted by BugaPainTrain7
Oxford, MS
Member since Nov 2014
11567 posts
Posted on 9/9/15 at 11:01 am to
I'm driving I did my best
Posted by tigers1956
baton rouge
Member since Oct 2008
4777 posts
Posted on 9/9/15 at 11:02 am to
They will make it up with higher ticket prices in years to come
Posted by BugaPainTrain7
Oxford, MS
Member since Nov 2014
11567 posts
Posted on 9/9/15 at 11:02 am to
Lurking the Tiger Rant...starting to become a reoccurring theme with you State Fans
Posted by ManBearTiger
BRLA
Member since Jun 2007
21838 posts
Posted on 9/9/15 at 11:02 am to
Is this like how the film-tax credits "cost" LA so many millions of dollars?

Why is falling short of projected income all of a sudden considered the same as losing money that was already in hand?
Posted by Flanders
Bham
Member since May 2008
9842 posts
Posted on 9/9/15 at 11:03 am to
quote:

I'm driving I did my best
you're fricking stupid.
Posted by COTiger
Colorado
Member since Dec 2007
16842 posts
Posted on 9/9/15 at 11:04 am to
And the Advocate story didn't use Dildeaux as a source.
Posted by BilJ
Member since Sep 2003
158757 posts
Posted on 9/9/15 at 11:06 am to
LINK

Am I to believe LSU did not have a similar policy?
Posted by Adam Banks
District 5
Member since Sep 2009
31843 posts
Posted on 9/9/15 at 11:07 am to
quote:

pretty sure it said between 1.8 and 3.2 million



Literally the only thing they are missing out on is ticket revenue which the AD decided to refund. People still showed up paid for parking and bought concessions. Probably stuck around as long or longer than if the game was played and was a blow out so no net loss on concessions. We would have paid McNeese regardless. The only thing is ticket refunds.
Posted by Adam Banks
District 5
Member since Sep 2009
31843 posts
Posted on 9/9/15 at 11:08 am to
quote:

Am I to believe LSU did not have a similar policy?



With Joltin Joe Alleva....probably not.
Posted by tjtiger9
MS
Member since Aug 2005
3844 posts
Posted on 9/9/15 at 11:09 am to
Did they lose some of the TV money?
Posted by gemlsu
Member since Sep 2003
2351 posts
Posted on 9/9/15 at 11:11 am to
$25 or $35 means a hell of a lot less to me than $3.2 million or whatever to MY university. Please keep the money.
Your feelings on the matter?

By the way, $30 x 100000 fans = $3 million.
This post was edited on 9/9/15 at 11:19 am
Posted by Adam Banks
District 5
Member since Sep 2009
31843 posts
Posted on 9/9/15 at 11:13 am to
quote:

Did they lose some of the TV money?



Thats all part of the larger SEC contract at least as far as I understand. Its not like the old days where it would have been TigerVision PPV.
Posted by Waffle House
NYC
Member since Aug 2008
3945 posts
Posted on 9/9/15 at 11:15 am to
quote:

The only thing is ticket refunds


At $25* each for 92K is $2.3M. Won't break the AD, but it isn't an insignificant amount.

*I have no idea the average ticket price for all the tickets sold by LSU, but that seems reasonable.
Posted by BilJ
Member since Sep 2003
158757 posts
Posted on 9/9/15 at 11:16 am to
quote:

$25 means a hell of a lot less to me than $3.2 million or whatever to MY university. Please keep the money.
Your feelings on the matter?


I'm going to assume they have a similar insurance policy to cover much of this and the rest can be chalked up as a nice PR gesture hence the "its the right thing to do!"
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