Re: Minnesota Golden Gophers Season Thread 2017-18 Part II
TICKET SALES IN DECLINE
The University of Minnesota has routinely led the nation in generating revenue with its men’s hockey program, but Boston University topped all schools for fiscal year 2017 with $8,567,700 in revenues and the Gophers were second with $5,872,921 in revenues.
Minnesota saw ticket revenues at its lowest level in the past six seasons at $4,677,246, but received $1,181,404 in contributions which include amounts received from individuals, corporations, associations, foundations, clubs or other organizations designated for the operations of the athletics program, funds contributed by outside contributors for the payment of debt service, lease payments or rental fee expenses for athletic facilities in the reporting year, and amounts received above face value for tickets.
Minnesota’s highest reported revenue from ticket sales in the past six seasons was in fiscal year 2014 with $7,039,172.
Minnesota reported an excess in funds for fiscal year 2017 of $1,377,470 and is just one of three schools with Boston University $5,128,736 and Minnesota-Duluth $1,359,672 reporting excess funds over $1,000,000. Revenues and Expenses for other local schools include Wisconsin $5,798,444 in revenue and $4518,289 in expenses, North Dakota $5,245,254 in revenue and $4,436,452 in expenses, Minnesota Duluth $3,917,938 in revenues and $2,558,266 in expenses, St. Cloud State $2,744,430 in revenue and $2,127,944 in expenses, Minnesota State $2,083,661 in revenues and expenses, and Bemidji State $1,321,036 in revenues and expenses. - Eric Vegoe reporting for GPL
Mean revenue over the previous 12 seasons is $6,482,442. A drop in ticket sales revenue since joining the B1G suggests fan backlash at the gate. Since the Big Ten's inception in 2012-13, the Gophers total revenue has fallen below the mean four times (2012-13, 2014-15, 2015-16, 2016-17), with 2013-14 as the only exception ($7,683,129), the highest ticket sales revenue over the previous 12 years. Before the Big Ten, only once did Gopher revenue fall below the mean in 2008-09.
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