In case you have been distracted by recent NFL drama, NCAA upsets, or the start of the new NBA and NHL seasons, baseball has reached its apex of the 2017 season. The World Series begins tonight!
This World Series features the Houston Astros taking on the monolith that is the LA Dodgers. Both teams won over a 100 games in the regular season, a World Series meeting of which is 47 years in the making. Both teams feature at least one Cy Young winning pitcher. Both teams went undefeated at home during the postseason. The Dodgers have not won a title in 28 years. The Astros have never won a single World Series game, and are currently residing in the same ranks as two other teams, the Nationals and the Mariners. Yet, only one team will walk away as World Series champions. This has of the makings of a historic competition!
The average National Basketball Association franchise is now worth $1.36 billion, a 350 percent increase over the last five years. We took the time to perform an investment analysis on two teams valued below average for the NBA, the Milwaukee Bucks and the Orlando Magic, to look for any beneficial investment opportunities. We considered the asking price for the team, based off of recent valuations, anticipated revenues and expenses, thought of as cash inflows and outflows, as well as an investment horizon of five years.
Mark Attanasio, the owner of the Milwaukee Brewers, has seen the team's fortunes change precipitously over the last few seasons. So much so that he may be willing to reduce season ticket prices in the future, hoping to sell more seats at the beginning of the season.
Season tickets ensure revenue at the beginning of the season. The seats are sold regardless of how well or how poorly the team does. While the Brewers are focused on selling as many tickets as they can, some instead understand the value of the resale market. The Brewers already offers a convenient mechanism for season ticket holders to exchange, transfer, and resell individual game tickets. After all, eighty-one games is a lot of games to attend in a season. However, when a team provides such a useful service to season ticket holders, potential walk-up or game-day ticket sales are cannibalized.