Cash only at Neyland

[volfan2024]

That would really make a huge difference in a multi-million dollar program..................NOT!:loco:
Maybe they saw the 720 million quarter mastercard just had and realized just how crooked credit card companies really are.

 

[volspeach]

Seems it would be easier to bring some cash, just sayin'..

GO VOLS..
GO BIG ORANGE .. :dance2::rock:

 

[BigOrangeTailgate]

It isn't. Same reason many retailers won't accept credit/debit to pay on their charge card accounts. They have to pay Visa, American Express, etc to accept the cards. Why throw money away in situations like that?

If this were really the reason then why does any retailer take plastic? It's because of convenience and retailers know that people tend to spend more when swiping the VISA as opposed to cash only transactions. I don't think the percentage paid to the credit card companies is the reason although that's just my opinion.

Also, I always thought that many of the vendors inside Neyland were independent or contractors as opposed to being owned by UT. Seems like Aramark or Petro's would be the ones making decisions about what form of payment to accept.

 

[GreveHaller]

If this were really the reason then why does any retailer take plastic? It's because of convenience and retailers know that people tend to spend more when swiping the VISA as opposed to cash only transactions. I don't think the percentage paid to the credit card companies is the reason although that's just my opinion.

Also, I always thought that many of the vendors inside Neyland were independent or contractors as opposed to being owned by UT. Seems like Aramark or Petro's would be the ones making decisions about what form of payment to accept.

^^ Ta Da. Winner

It depends how the contract is set up with UT. If all the transactions go thru Aramark/Petro then they would have the financial burden of transaction fees and it would be their decision to accept the cards or not.

 

[82_VOL_83]

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

Here ye go:

Gloom, dispair,
And agony on me!
Deep, dark depression,
Excessive misery
If it weren’t for bad luck,
we would have no luck at all!
Gloom, dispair,
And agony on me!

 

[82_VOL_83]

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

LOL, this number started out at 25k, then 20k, then 15k, now 17k. UT gets nothing from parking. The key words here are LOSING MONEY. That is the one thing that will get CDD gone more than anything. If they announce his firing prior to 12/1 the buyout including the staff is over 9mil. After 12/1 it gets some better, but not much.

 

[BearCat204]

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.

agreed

 

[ajvol01]

Inflated number. The 1.1mil is inflated by the cost of the material ( food and beverage products) which are already purchased but unused. Any food prepared and not used is deducted from the income as spoilage. While there is a reduction in income from loss sales, it is not an expense.

point taken.

Tell me the realistic loss of revenue for next year when we have an average of 25,000 empty seats for these 4 games:

Date Opponent Location
Aug. 31 Austin Peay Knoxville
Sept. 7 Western Kentucky Knoxville
Sept. 28 South Alabama Knoxville
Nov. 23 Vanderbilt * Knoxville

 

[VOLINVONORE]

point taken.

Tell me the realistic loss of revenue for next year when we have an average of 25,000 empty seats for these 4 games:

Date Opponent Location
Aug. 31 Austin Peay Knoxville
Sept. 7 Western Kentucky Knoxville
Sept. 28 South Alabama Knoxville
Nov. 23 Vanderbilt * Knoxville

Can't project unless one knows the cost of the tickets not sold, that is are they student tickets, the most expensive tickets, how many did not order season tickets and did not contribute, etc. The loss could exceed the base cost of the ticket because of loss donations. Say season ticket holder this year paid $800 for two tickets plus a $2,000 donation for the privileged of buying the two tickets,the loss per ticket if not sold next year would be $1,400 per ticket plus concessions. If the reduction was from student tickets, the loss would be considerably less.

 

[ajvol01]

Can't project unless one knows the cost of the tickets not sold, that is are they student tickets, the most expensive tickets, how many did not order season tickets and did not contribute, etc. The loss could exceed the base cost of the ticket because of loss donations. Say season ticket holder this year paid $800 for two tickets plus a $2,000 donation for the privileged of buying the two tickets,the loss per ticket if not sold next year would be $1,400 per ticket plus concessions. If the reduction was from student tickets, the loss would be considerably less.

Conservative estimates are OK.

-----------------------------------------------------

Neyland stadium has 72,500 season tickets available

2010 season ticket sales ~63,400
2011 season ticket sales ~61,400
2012 season ticket sales ~59,000

Nice trend.

72,500 - 59,000 = 13,500 tickets with $0 donation.

I predict 2013 renewals will drop by 15,000 if Dooley is retained.

So, ~28,500 tickets with $0 donation.

---------------------------------------------------

2010 season ticket sales

At Tennessee, about 2,600 accounts didn't renew season tickets as the Vols experienced another decline.

Birmingham News survey shows college football season ticket sales down across country | al.com

2011 season ticket sales

As of Friday, the school had sold roughly 61,500 of its 72,500 season tickets, said UT senior associate athletic director for external operations Chris Fuller. That's about 2,000-2,500 tickets fewer than what was sold at this point last year.

Chris Fuller: 'Work left to do' on selling season tickets » GoVolsXtra

2012 season ticket sales

Approximately 2,000 Vol season tickets have sold in the past month, bumping the total from 57,000 in mid-May to 59,000 at present. InsideTennessee got the latest figure Thursday morning from Chris Fuller, senior associate athletics director for external operations.

"We're still behind where we finished last year," Fuller said, "but I feel good about it."

Tennessee sold 61,400 season tickets prior to the 2011 season. Fans are proving more discriminating in 2012 due to continued struggles in the economy and on the field. The Vols are coming off consecutive seasons of 5-7, 7-6, 6-7 and 5-7. That's the program's worst four-year stretch, percentage-wise, since 1909-1912.

"We understand our challenge in terms of pricing, product on the field and marketing," Fuller said.

Scout.com: UT to offer mini-packages