“Just wait until businesses and public corporations are sent notices for renewals on seasons tickets that they can no longer tax deduct. LOL, Trump’s tax code is going to be a kick in the nuts they’re never going to recover from.”
Basically that has happened. We have a couple of younger relatives fairly high in their company totem poles.
Shortly, after President Trump’s tax cuts were signed. Their CFO’s told them, their company would not be buying any more box seats at pro games and any college games.
Locally from just one medium size company, 8-10 box seats were cancelled for all games at the Raiders, Fornicating Niners, Giants, A’s, Warriors and UC Berkley.
Our relative in the SW was told no Cowboys or any seats for any pro teams, any Texas college team and any Oklahoma college team.
Interesting.
I do think there will still be purchases by business interests, just NOT AS MUCH. But, nobody knows how big a decline it will be first year. I’d guess, 30-50%, which is a very painful blow.
But, just wait until the firs business hiccup comes along and the board of directors says to slash and and all unnecessary spending. LOL, there will not be a penny of corporate money going to pro/college sports.
In the end, this will help fix sports. Fans should be able to have access to affordable tix, not inflated nonsense pricing.
The worst of all this is coming to the perennial losers that have only survived due to corporate tickets. Those games where a 30k stadium has 8000 people show up. Generally, those 8000 people didn’t pay a dime for those tickets, they were corporate freebies.
Same goes for stadium concessions then. The prices were totally retarded because the vendors counted on the generous credit cards of salesman wining and dining customers.
I own a financial institution. Most of my colleagues are conservative in the money business. We collectively no longer clamor for tix because we despise the NBA and NFL because of all the things that you are aware of here.
Once this implosion gathers some steam, next thing you know the advertisers will no longer want to pay for in stadium advertising, tv and radio commercials....
Anyone that thinks this is “no big deal” is kidding themselves.