Quote:The NFL is all about money. As we speak 1 British Pound equals $1.42 US Dollar. There's plenty enough reason to believe the NFL will find a way to make it work over there.
You don't understand foreign exchange if you think it's a good business practice for a US company that pays it's bills in US dollars to collect a currency that is steadily declining in value to the US dollar.
Quote:You don't understand foreign exchange if you think it's a good business practice for a US company that pays it's bills in US dollars to collect a currency that is steadily declining in value to the US dollar.
If you think the US dollar is going to continue at that pace then you're going to be in for a big shock.
Quote:If you think the US dollar is going to continue at that pace then you're going to be in for a big shock.
All the more reason for the NFL to delay moving to London because earning the pound at the lousy exchange rate of 1.42 is most definitely not a motivation.
Quote:All the more reason for the NFL to delay moving to London because earning the pound at the lousy exchange rate of 1.42 is most definitely not a motivation.
The motivation is the fact that the NFL can sell those lousy seats for double and triple the cost compared to what it would cost here in the states.
Quote:The motivation is the fact that the NFL can sell those lousy seats for double and triple the cost compared to what it would cost here in the states.
Except they aren't charging double and triple for the seats.
Multiply the exchange rate by these ticket prices and you get pretty average US dollar amounts for NFL seats. You can actually get seats in the closest section on the 50 yard line for 115 GBP which equals $163 in London which is about $100 dollars cheaper than you could get them in Jax.
That's how foreign exchange works and that is why the NFL isn't motivated by the 1.42 exchange rate.
http://www.ticketmaster.co.uk/event/3700502CE05CA08D
Quote:Except they aren't charging double and triple for the seats.
Multiply the exchange rate by these ticket prices and you get pretty average US dollar amounts for NFL seats. You can actually get seats in the closest section on the 50 yard line for 115 GBP which equals $163 in London which is about $100 dollars cheaper than you could get them in Jax.
That's how foreign exchange works and that is why the NFL isn't motivated by the 1.42 exchange rate.
<a class="bbc_url" href='http://www.ticketmaster.co.uk/event/3700502CE05CA08D'>http://www.ticketmaster.co.uk/event/3700502CE05CA08D</a>
I dunno man. The NFL is motivated by something. Why do they keep adding more and more games there if it wasn't profitable to them?
Quote:I dunno man. The NFL is motivated by something. Why do they keep adding more and more games there if it wasn't profitable to them?
There are lots financial benefits to expanding the brand, but the pound being worth only $1.42 isn't one of them.
Quote:Except they aren't charging double and triple for the seats.
Multiply the exchange rate by these ticket prices and you get pretty average US dollar amounts for NFL seats. You can actually get seats in the closest section on the 50 yard line for 115 GBP which equals $163 in London which is about $100 dollars cheaper than you could get them in Jax.
That's how foreign exchange works and that is why the NFL isn't motivated by the 1.42 exchange rate.
<a class="bbc_url" href='http://www.ticketmaster.co.uk/event/3700502CE05CA08D'>http://www.ticketmaster.co.uk/event/3700502CE05CA08D</a>
Quote:There are lots financial benefits to expanding the brand, but the pound being worth only $1.42 isn't one of them.
Quote:Moreover, the Jaguars’ ticket revenue from the London “home game” would have more than doubled its revenue in Jacksonville. The average ticket to Sunday’s game cost 80 pounds, or $127, while the average ticket to a home game in Jacksonville costs about $58. Thus, a sellout at Wembley Stadium could produce revenue of about $6.7 million more than a sellout at EverBank.
<a class="bbc_url" href='http://www.ibtimes.com/nfl-london-ticket-sales-32m-revenue-wembley-stadium-sellout-crowds-report-says-1721419'>http://www.ibtimes.com/nfl-london-ticket-sales-32m-revenue-wembley-stadium-sellout-crowds-report-says-1721419</a>
Something has got to give.
Quote:I dunno man. The NFL is motivated by something. Why do they keep adding more and more games there if it wasn't profitable to them?
I don't see the big picture, but TV revenue is rising steadily and fantasy football has always been there but this year at work and amongst friends it has been off the hook. People love football, they might not be attending games as much but they sure are watching on their 60 inch tv's.
The NFL is big business and there is a lot of things in play and I think that TV revenue is where the cash cow is for the owners. More games, more money.
If the owners can squeeze more money out of London then it will happen and quite possibly the Jags would be the key. They could play half the season here in Jacksonville as their away games and the other half in London as home games with a by week in the middle.
<a class="bbc_url" href='http://www.ibtimes.com/nfl-london-jets-dolphins-tickets-sold-out-wembley-stadium-near-record-time-2124617'>http://www.ibtimes.com/nfl-london-jets-dolphins-tickets-sold-out-wembley-stadium-near-record-time-2124617</a>
Quote:<a class="bbc_url" href='http://www.ibtimes.com/nfl-london-ticket-sales-32m-revenue-wembley-stadium-sellout-crowds-report-says-1721419'>http://www.ibtimes.com/nfl-london-ticket-sales-32m-revenue-wembley-stadium-sellout-crowds-report-says-1721419</a>
Something has got to give.
Everyone knows that larger markets have higher numbers of people willing to pay more. Just look at the ticket prices in the largest US markets compared to jax, but you quoting the current value of their currency and presenting that as additional motivation only showed you don't understand how foreign exchange works. Compared to when that article was written, that 80 pound average ticket now cost $114.
Quote:Everyone knows that larger markets have higher numbers of people willing to pay more. Just look at the ticket prices in the largest US markets compared to jax, but you quoting the current value of their currency and presenting that as additional motivation only showed you don't understand how foreign exchange works. Compared to when that article was written, that 80 pound average ticket now cost $114.
You seem to be hung up on this one point so let me clarify. The NFL WILL NOT relocate just based on the value of the GBP. Although you seem to think the USD is infallible, that's a discussion we can have in a different forum.
I never said the dollar was infallible. Nice strawman. I was pointing out that you using the value of the pound as if it were currently an incentive shows your ignorance to how international finance works and that's a fact.
Under Roger Goodell and the collective ownership of the NFL, I definitely believe they would like like the NFL to have a team in London and other larger markets that have potential to be huge money makers for the NFL. Ultimately, the decisions will probably come down to logistics. The vision of Goodell seems noticeably different than the vision of Paul Tagliabue, who seemed to stress the importance of mid size and smaller U.S. markets being a key component of the NFL model.