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Passan address current challenges with TB/A's stadium situations, cites Sox and Royals predicaments


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  On 3/12/2025 at 2:41 AM, Lip Man 1 said:

DeBartolo said he would move to Chicago and spend 20% of his time and business interests there.

He was turned down for bogus reasons, the fact that he owned race tracks (i.e. so did Steinbrenner but that didn't seem to be an issue) and because he "supposedly" had connections with some Italian "families" (nudge, nudge, wink, wink SAY no more!)

A big reason he was turned down was because he was going to spend big money on the franchise and the other owners were horrified at that prospect. He had already given Veeck money to sign LeFlore and Essian. 

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He also would have built a stadium for the team with his own money.

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  • 2 weeks later...
  On 3/26/2025 at 1:19 PM, ewokpelts said:

It just means he doesn’t pay the rent. 

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There's a IFSA ticket subsidy if attendance falls below 800,000...just like there was a small tax charged to the Sox for every ticket sold above 1.93 million.

 

The management agreement between ISFA and the White Sox “requires the team to pay a base rent per season, plus net ticket fees if paid attendance exceeds 1.93 million tickets," with that "excluding 'comp' tickets." The team “hasn’t paid ticket fees since 2010,” when it drew nearly 2.2 million fans. Last year, the franchise brought in their highest attendance since then, 1.92 million fans -- “just missing the threshold needed to pay ISFA.” While ISFA does "not heavily rely on revenue from ticket fees to meet its bond obligations,” the “glaring issue is the White Sox’s ability to bring in fans”

https://www.sportsbusinessjournal.com/Articles/2023/09/14/chicago-white-sox-ticket-sales-no-fee-payments-isfa/

Edited by caulfield12
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  On 3/26/2025 at 1:23 PM, caulfield12 said:

There's a IFSA ticket subsidy if attendance falls below 800,000...just like there was a small tax charged to the Sox for every ticket sold above 1.93 million.

 

The management agreement between ISFA and the White Sox “requires the team to pay a base rent per season, plus net ticket fees if paid attendance exceeds 1.93 million tickets," with that "excluding 'comp' tickets." The team “hasn’t paid ticket fees since 2010,” when it drew nearly 2.2 million fans. Last year, the franchise brought in their highest attendance since then, 1.92 million fans -- “just missing the threshold needed to pay ISFA.” While ISFA does "not heavily rely on revenue from ticket fees to meet its bond obligations,” the “glaring issue is the White Sox’s ability to bring in fans”

https://www.sportsbusinessjournal.com/Articles/2023/09/14/chicago-white-sox-ticket-sales-no-fee-payments-isfa/

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Pretty sure it was said they got rid of the state ever paying anything last time around.

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  22 hours ago, ewokpelts said:

The soldier field/sox park refinanced bonds expire in 2023. After that the state would “make money” with any lease extension, even at the current terms. 

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They still lose money since they collect no rent when the team doesn't draw. The agreement also guarantees the state will pay for upgrades if they fall into the bottom 3rd of baseball in something, that's why the state had to pay for a new videoboard. It's a shitty deal for the state, that's not debatable.  

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