From Deseret News archives:
Sports and the economy Will fans keep coming?
Economic trouble pinching leagues, but Utah franchises say they are doing fine
"I think it's fair to say that a sporting event may well define disposable income," Stern said.
The Jazz aren't the only pro sports franchise to fare well even in tough times. The Miller-owned Salt Lake Bees experienced increases in ticket sales (up 11 percent), concessions sales (up 18 percent) and novelty sales (up 12 percent) this past summer.
Excitement, buzz and cash generated from their stadium's grand opening should help Real Salt Lake weather this storm. Getting a reported $1.7 million from Rio Tinto for naming rights for the new digs doesn't hurt, either.
"We're actually bullish with where we're at," RSL president Bill Manning said.
The new stadium, Manning said, has been somewhat of a "trump card" for the franchises' finances.
"Had we not had this I think we definitely would have felt it," he said.
The Utah Blaze are experiencing mixed results at the box office, which can be traced back to the economy, according to president Jason Jones. Ticket sales to families and individuals are down, but that decline has mostly been offset by an increased amount of package purchases by corporations. Overall, the Blaze are less than 10 percent below last year's sales at this point.
"The tough thing in a tight economy," Jones said, "is often the first thing to go is the entertainment dollar."
The Blaze have increased the number of staff dealing with ticket and sponsorship sales to bolster their ledger. They are also having "nonrevenue generating" employees take on assignments that could boost revenue. For instance, the director of communications, whose primary focus is dealing with media and facilitating publicity, is working with local chambers of commerce to find new clients and business opportunities.
Jones knows that winning can also bring more attention and fans his team's way, too.
"We believe the product's still a novel product and people are still very interested," he said. "We certainly plan on putting a competitive product on the field and there will be no shortage of entertainment."
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