Kudos to Kraft for spending his own money (seriously). The Bills owners reportedly got NYS to pony up a billion dollars on our new stadium.
And Pats fans have been reimbursing Bob at a hefty premium ever since.
Fun with math
Gillette Stadium is 20 yrs old (19 seasons with in-stadium fans for Pats games)
8 regular season Pats home games x 19 seasons = 152 games
152 games X 65,878 tickets/game = 10,013,456 admissions
In 2021, the NEP charged $125 more per average Pats ticket ($245 average) than the #10 highest priced team ($120) and even more than the median priced NFL ticket
Note: NEP's have consistently been top 3 and more often than not highest priced ticket in NFL (not to mention concessions and parking)
For this exercise, I am reducing price/ticket
above NFL median price over past 20 years to +$100
10,013,456 x $100 =
$1,001,345,600 additional revenue above median ticket prices (conservative math based on only 8 stadium events each year)
Note 2.0: Not including preseason tickets, concerts, soccer, NCAA football, lacrosse, special events, World Cup, etc
Note 3.0: Not including parking $$$, luxury suites, promotional endeavors, concessions including $5 cups of tap water
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Can't fault Bob for charging highest prices, his product has been tremendous.
And Bob, like every owner who personally funded their stadium, has created tremendous franchise value compared to teams with municipal stadiums.
And frankly, Bob has been slow to maximize value by not expanding seating (average NFL capacity is 70,000)
Note 4.0: Reportedly, NEP have been middle of the pack in actually $$$ spent on roster this past decade
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Conclusion:
Gillette is a massive cash cow