Cash only at Neyland

[NEO]

I want to start this because it is important. then I will go back to honoring my ban bet. there is only one reason a company shuts down its credit card billing side...they are in a huge revenue crunch. Amex, visa, etc take roughly three percent off the top and bill grossly per month. This is not a very good sign for any business when you cut this out and a sign UT is in financial problems.

 

[NEVolFan]

I want to start this because it is important. then I will go back to honoring my ban bet. there is only one reason a company shuts down its credit card billing side...they are in a huge revenue crunch. Amex, visa, etc take roughly three percent off the top and bill grossly per month. This is not a very good sign for any business when you cut this out and a sign UT is in financial problems.

Hammer meets nail.

 

[Jax_Vol]

Thank you Neo! Now return to your cave please.

 

[ncvol17]

Maybe they know their fan base and uncollectables are just too high a price to pay....where do you ue credit in Neyland? Surely not at the hot dog stand???.I am a cash guy so just do not know

 

[landscapingvol]

That is why these numbers floating around of 5 million a year plus Dooley's buyout are fantasies, not to mention the assistant coaches and a new staff.

 

[CAVPUT]

In today's economy....cash over credit is just smart business. When you look at the stands today, you quickly realize every dollar counts. Hell I'd do the same thing if I ran the UT corp. When the stadium is filled like it was today, you face a $1 million loss per game in attendance, you take drastic measures. Just biz.

 

[Jax_Vol]

Phil should give us some money back

 

[theutvolunteers]

Carrying cash is awful.

 

[BeecherVol]

Phil should give us some money back

Meh.

Change the product on the field and nobody is talking about money because it takes care of it self.

or

Stay the course, continue to be irrelevant, and lose money.

 

[Honky]

I agree. They need to accept debit cards at least.

 

[KoachKletus]

In today's economy....cash over credit is just smart business. When you look at the stands today, you quickly realize every dollar counts. Hell I'd do the same thing if I ran the UT corp. When the stadium is filled like it was today, you face a $1 million loss per game in attendance, you take drastic measures. Just biz.

How do you arrive at a million dollar loss today?

 

[volfan411]

How do you arrive at a million dollar loss today?[/QUOTE

15,000 tickets times $40.00 is $600,000 by itself not including concession sales.

 

[oregonvol]

In today's economy....cash over credit is just smart business. When you look at the stands today, you quickly realize every dollar counts. Hell I'd do the same thing if I ran the UT corp. When the stadium is filled like it was today, you face a $1 million loss per game in attendance, you take drastic measures. Just biz.

Yeah, I guess all those millions of other places that take cards are just practicing bad business. Good thing Hart has figured it out.

 

[BenGrimm]

How many places took CC in Neyland other than the gift store? None of the concession stands to my memory ever did.

 

[volfanecs]

Phil should give us some money back

He earned it Jackson.

 

[Jax_Vol]

If it wasn't for bad luck,
we would have no luck at all!
Doom dispair,
And agony on me!
Deep, dark depression,
And something something something

 

[BeecherVol]

How many places took CC in Neyland other than the gift store? None of the concession stands to my memory ever did.

I don't either.

They are losing a lot more money in unsold tickets which also leads to less in concessions,merchandise, and parking.

 

[KoachKletus]

If it wasn't for bad luck,
we would have no luck at all!
Doom dispair,
And agony on me!
Deep, dark depression,
And something something something

Now you're acting like allvol.

 

[billbattle]

How do you arrive at a million dollar loss today?

Multiply ticket price times 17,000 plus loss in parking, concessions, merchandise.

 

[X2row34]

I want to start this because it is important. then I will go back to honoring my ban bet. there is only one reason a company shuts down its credit card billing side...they are in a huge revenue crunch. Amex, visa, etc take roughly three percent off the top and bill grossly per month. This is not a very good sign for any business when you cut this out and a sign UT is in financial problems.

Are you speaking about the fan store? I don't ever remember concessions taking credit / debit.

 

[X2row34]

How many places took CC in Neyland other than the gift store? None of the concession stands to my memory ever did.

Just this this after my post. I agree, concessions have never accepted debit credit.

 

[GreatWhiteNorth]

What was NEOCON's ban bet?

 

[CAVPUT]

How do you arrive at a million dollar loss today?[/QUOTE

15,000 tickets times $40.00 is $600,000 by itself not including concession sales.

No way there were 85K at the game today. More like 65K at best. When there are 65-70K in the stands, it's a big financial hit.

 

[KoachKletus]

Multiply ticket price times 17,000 plus loss in parking, concessions, merchandise.

Hmmm? 70,000 x 40 = 2.8 mill. Do you think it cost's more than 2.8 mill. to host a home game? I understand they didn't make as much as UT should, but they certainly didn't lose money.

 

[Jax_Vol]

Now you're acting like allvol.

Oh, sorry. I will be quiet. Just singing the blues here