I actually would love to hear where ticket/concession/merch money for concerts go. If someone has already asked about that, can you do something similar for a sports game of your choice?
Already got a request for concerts, but I can do the sports game!
So, let's go with... baseball. I've been to professional baseball games ('twas the Ducks), even if it's been a Very Long Time, so that's the one I have some perspective on. Who is in control of the money any given game (as in, who owns the stadium and the home team) varies by place and sport, so let's use the Mets and Citi Field as our example when we need a specific.
Mostly, this is because I'm in New York and so it's down to either them or the Yankees, and between the two... the Mets, through a wholly owned subsidiary, Queens Ballpark Company, are the ones that actually own their ballpark, which makes a few things easier and includes a Fun Fact about the naming. It also means that I can treat the team and the stadium as one singular entity instead of waffling over who gets to be the Main Character of this simulation. It's not exactly uncommon for teams to own their own stadiums, but it's not most of them.
(The Mets, btw, are owned in large part by a hedge fund manager. Like, 95% of the team stock is owned by this one guy. Why can't more sports be like the Packers and just belong to the city.)
In this case, I will be referring to the Forbes article on Citi Field's revenue for 2022 as a guide or framework, as they have an actual image of the financial report; they don't do much explaining of the actual data, though, so my part will be explaining the less-obvious things and doing some maths. A few other articles will also be cited as they come in useful.
I'll also note that the Mets are a very expensive team operating at a loss, but they still work for our purposes.
MONEY COMING IN:
Tickets, most obviously
To quote the wiki article on Major League Baseball:
"MLB is the second-wealthiest professional sport league by revenue after the National Football League (NFL). [...] MLB has the highest total season attendance of any sports league in the world; in 2018, it drew more than 69.6 million spectators."
I didn't know that until I started researching for this post, but it makes sense. After all, baseball is "the American pastime." The Forbes article cites average attendance of 33,000 per home game. The stadium seat about 41,900, so we're looking at roughly 79% attendance. This is fine, because attendance is not the only stream of revenue.
Advertising
If you have seen a professional sports game in the past however many years, you have seen that, depending on the type of court, they are plastered in advertising. Let's take a look at Citi Field:
(Image Source: MLB website)
The Forbes article states that the stadium makes about $48.5 million per year from advertising. About $28.5 million of that comes from the various 'temporary' and long-term ads, the Nikon and Geico and Toyota and Coca Cola, etc.
$20 million of it comes from one company. I'm going to quote Wikipedia again:
The naming rights were purchased by Citigroup, a New York financial services company, for $20 million annually.
This is not uncommon! ESPN has an article about it, and some standout examples are Bank of America Stadium, Coors Field, Delta Center, FedEx Field and FedEx Forum, General Motors Place, Gillette Stadium, Heinz Field, and the list just goes on. I'm not even sure if the list is up to date, because I'm seeing even more articles elsewhere with higher figures.
Concessions
The financial report that Forbes cites has $22mill in concessions. This is not entirely surprising. Going by this page, we're looking at... 84 home games in that 2022 season. Let's assume that 33,000 average cited earlier. That's 2,772,000 attendees over the course of the season. So, what, a little under $10 per attendance tick? Entirely plausible. A hot dog plus a soda is $15, so... that tracks.
Parking
Apparently parking is, collectively, about $13mill annually. That's... genuinely a little concerning to me, for uh. Reasons. Also parking is $40.
(A lot of people go to games via train, if anyone's interested.)
Luxury Suite Premiums
I had to google this one, but uh. Turns out those fancy private box seats are even fancier and more private than I thought, bringing in over $10 mill a year.
Other Revenue - Stadium, undefined
"Other Revenue" and "post season revenue" are not given any further information, but they're about $16.5 mill so. They're definitely doing their part? Wish we had more information.
One guess is that there are events in the vein of the Citi Field Spring Carnival that contribute to the revenue through either fees to the stadium (if this is a carnival that rents the parking lot) or concessions and tickets (if the stadium rents a carnival).
Other Revenue - to the team that is not direct operating income of the stadium itself
Not counting the "other revenue" section of the financial statement, the Forbes article tells us that:
National broadcasting deals with Fox, ESPN and TBS that pay over $60 million a year to every MLB team, as well as the local cable fee the Mets get from SNY, which is over $80 million a year.
That's another $140mill in addition to the $244mill that the financial report cites.
Merchandise - not direct stadium revenue.
Get your Mets hats here! And your jerseys! And your logo bats! And your commemorative plushies! And--
MONEY GOING OUT
Operations
This one's easy: you have to pay wages to your employees, from the players themselves to the food sellers to janitorial to security to field maintenance, etc. Also, you have to pay for utilities (those billboards and floodlights aren't cheap), product to sell (frozen hot dogs), supplementary materials for products you sell (plastic cups, paper for the ticket machines, bags for garbage cans, and so on), and repairs/maintenance for the stands themselves (can't imagine they get through a season with all 41,900 seats intact).
Player salaries (and a few others, like the coach) aren't actually included in stadium revenue, but since the stadium is owned by the team, we're bundling them together for the sake of this case.
Payment in Lieu of Taxes
So this is an interesting one, and while the Forbes article does touch on it, there's a bit more detail to the story.
Citi Field was built in 2009, and the process cost $850 million. Of that, $615 was public subsidies. A lot of this was municipal bonds, which the Mets have to pay back with interest for the lifetime of the park; those municipal bond repayments are an offset, and in return for paying tens of millions in municipal bond repayments each year (the 2022 report shows about $43.5 mill), Citi Field does not have to pay property taxes.
Wikipedia only cites property taxes, but the financial report doesn't include any other taxes, so I'll assume the only other taxes they're on the hook for are sales and payroll, which aren't displayed in the financial report.
Parking
Right, so, parking as a bundle is about $7.5 mill in expenses, which means that parking alone has a marginal profit of about 42.3%, given the earlier figure of $13mill in parking revenue. I'm not finding any solid information on where that money goes, but it seems very like that New York City's taxes on land use for parking is not included in the property tax exemption we discussed above, and that most of the $7.5 mill is in that regard.
Post Season Expenses
I'll be honest, they don't define this $1.8 mill, but given what is and isn't included in the other sections, I'm going to hazard a guess that this may be about upgrades (more than maintenance) or replacement of physical billboards that are also not included as regular maintenance but require a lot of manpower to get up and set if complicated enough.
General and Administrative
This is the other possible allocation of the utilities and related payments. This is also where back of house activities like accountants, lawyer fees, payroll clerks, facilities managers, and so on are bundled in. It's about $5.5 mill.
Publicity and Promotions
This one's easy, it's just marketing that doesn't fall into General Mets Things and is rather for home games specifically.
Depreciation and Amortization
Bit trickier, but you know how a car loses value the second you drive it off the lot? That is depreciation. You paid $20,000 for a car, but two years later it's worth $16,000; on a financial report, you put that down as a $4,000 loss to depreciation. Amortization is similar, in that it lowers values of various assets in relation to time and relative value to what it was when new.
Interest Expenses
Expenses related directly to interest rates tend to get their own line separate from regular debt repayments. This isn't really relevant beyond 'loans are more expensive than when you first get them.'
Travel and League Expenses
Since this is a traveling team, being professionals, and a Major League Baseball Team in particular, money has to be spent on the plane rides, team bus, and of course, the league fees. I wanted to end that a bit more pithy, but it turns out it's not easy to find league fees for the MLB.
(A new team joining would have to pay about $2.2 billion, according to one article, while previous new additions were a couple hundred mill, so... 100 mill? Maybe?)
Sonic the Hedgehog series sells over 6 million copies in latest SEGA quarterly report
With new releases like Sonic Frontiers and Sonic Origins in the latest financial quarterly report from SEGA, the Sonic the Hedgehog series once more has found its way to the top spot.
Sonic is once more at the top
As of the third quarter of fiscal year 2023, the Sonic game series accumulated a total of 6.7 million units to this point, up by roughly four million compared to the previous quarter. When compared to the numbers from the same period last fiscal period, the current year beats the previous by an additional 1.8 million units.
The most noteworthy performance is that of Sonic's latest release, Sonic Frontiers, that sold 2.9 million units up until the last day of 2022. It's believed that titles like Sonic Origins and Sonic Colours: Ultimate also helped with these numbers.
Pachinko Slots and Entertainment bringing more numbers
SEGASammy has also commented that their Entertainment and Resort divisions will very likely to remain at the same performance level as the previous forecast, but the Pachislot and Pachinko Machines divisions are likely to trend upward in operating income.
In terms of the immediate Consumer division at SEGA (like, full packaged games and free-to-play apps): although the sale of some new titles and repeat titles have been lower than expected, operating income is expected to be generally at the same level as the previous forecast due to strong sales of new game titles such as Sonic Frontiers and free-to-play titles.
Do you know how to interpret these numbers? beta(.)companieshouse(.)gov(.)uk/company/10164401/filing-history
I can interpret them at the basic level, but that doesn’t mean I know specifically what the amounts relate to (and anyone pretending they do is full of shit)
Top line is that Erskine had £3 million more in March 2019 than it did a year earlier, and Harry is a very wealthy man.
Erskine has assets of £24.7 million.
It owes £9.8 million in accruals & deferred income. That means it has received this money but hasn’t yet paid it out or carried out the work that was paid for.
If I were to guess I’d say some or most of this money relates to Harry’s record deal with Columbia. As of March 2019 he still owed them 2 albums. ie he had the money, but still had to do the work. But perhaps Erskine received investment from another related company too.
A part of this sum is corporation tax that Erskine owes, some debts to traders, and some money owed to a related company.
Of the 24.7m in assets, £11.4m is in investments (could be anything - Harry’s real estate, art collection, business investments etc), £2.7m is still owed to Erskine, and then there’s business equipment etc.
The rest - £10.5m - is money in the bank.
Subtract the money owed in deferred income & accruals, and Erskine currently has £14.86 million sitting pretty.
Harry and Emma Spring are both directors and Erskine’s only employees.
SEGA undergoes a 54.5% company-profit cut. Read more:
SEGA has just released its a new adjusted forecast for the upcoming fiscal year. Due to sales of Pachislot and Pachinko machines in Japan, SEGA has adjusted the overall company profit for the year all the way to March 31, 2018. SEGA had predicted net sales to be ¥380 billion ($3.38 billion) for 2017, however, due to the adjustment because of poor pachinko sales, their net sales have been reduced…
Sonic the Hedgehog series sold nearly three million units in latest quarterly update
New: #SonicColorsUltimate sales partially helped the #Sonic video game series sell a total of nearly three million units so far this fiscal year. #SonicNews
The Sonic the Hedgehog video game series once again contributed to SEGASammy’s strong Consumer-area performance for the second quarter of fiscal year 2022.
(more…)
What Financial Reports Trucking Company Owners Should Review Monthly?
Profit and loss statements, cash flow summaries, and per-mile cost breakdowns reveal where money actually goes each month. Don't skip accounts receivable aging either, since late payments quietly choke cash flow. Working with transportation accounting services makes these reports easier to read and act on quickly.
ميزان المراجعة يساعد الشركة على التأكد من توازن الحسابات ومراجعة الأرصدة قبل إصدار التقارير المالية، ومع ERPNext تصبح متابعة الحسابات المدينة والدائنة أوضح لأن النظام يجمع القيود والحركات المالية في تقرير واحد يسهل مراجعته واكتشاف أي فرق أو خطأ محاسبي
دفتر الأستاذ يعتبر من أهم الأدوات التي تساعد الشركة على معرفة تفاصيل كل حساب وحركته خلال فترة معينة، ومع ERPNext يمكن ربط القيود والفواتير والمدفوعات بالتقارير المالية بسهولة أكبر، مما يساعد فريق الحسابات على مراجعة الأرصدة وتتبع العمليات بدون الرجوع لملفات كثيرة منفصلة.
