Food For Thought

[Sweetest OU Girl]

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Difficult to call the Thunder a losing enterprise when they are good enough businessmen to get OKC to pay for the concessions. It would be bad business for them to expend more money setting up their operation than necessary.

Since eternity professional teams have solicited public funds for bringing a professional team to their city. Frequently cities find their expenditures a good financial decision for their city.

You haven't convinced me yet. Keep digging.

 

[SoonerSpock]

Why would anyone want to convince you. We all know you know not of that for which you speak. Their bottom line is the Bennett group bought the Thunder in 2006 for $325 million in February 2018 Forbes valued the team at $1,250 million. That is $925 million for somebody's pocket.

P.S. professional sports teams are for profit businesses and the Thunder are definitely making money. Their income/revenue is 28.8%. Their debt/value is 11%. Damned profitable and they play winning basketball.

https://www.forbes.com/teams/oklahoma-city-thunder/

 

[Sweetest OU Girl]

Why would anyone want to convince you. We all know you know not of that for which you speak. Their bottom line is the Bennett group bought the Thunder in 2006 for $325 million in February 2018 Forbes valued the team at $1,250 million. That is $925 million for somebody's pocket.

P.S. professional sports teams are for profit businesses and the Thunder are definitely making money. Their income/revenue is 28.8%. Their debt/value is 11%. Damned profitable and they play winning basketball.

https://www.forbes.com/teams/oklahoma-city-thunder/

I know. To some all that matters is money. Dollar signs fill their vision. It is their only way to measure success and value. In fact, there are far more important things in life and far better ways to measure success though.

Not everyone is capable of understanding that.

Even some on here always want to talk about SC's salary. Not too important in the big scheme of things. If we were losing lots of games and the coach made only a hundred thousand a year, I would still want a better product on the court. It's not about $$$$.

Some people are not too good at maintaining successful enterprises long term either. Lets see. Now what happened to Oklahoma City's daily newspaper? Oh yes, it is now mostly a Tulsa produced paper. I wonder who caused that? Not E.K.

 

[SoonerSpock]

I know. To some all that matters is money. Dollar signs fill their vision. It is their only way to measure success and value. In fact, there are far more important things in life and far better ways to measure success though.

Not everyone is capable of understanding that.

Even some on here always want to talk about SC's salary. Not too important in the big scheme of things. If we were losing lots of games and the coach made only a hundred thousand a year, I would still want a better product on the court. It's not about $$$$.

Some people are not too good at maintaining successful enterprises long term either. Lets see. Now what happened to Oklahoma City's daily newspaper? Oh yes, it is now mostly a Tulsa produced paper. I wonder who caused that? Not E.K.

A mere look at the newspaper industry and the advent of social media should answer that question. It is a consolidating business. Employment in the newrooms of newspapers has fallen nationally from 72K in 2004 to 39K in 2017. Probably a major reason the Gaylord family sold the newspaper in 2011. A very good business decision. So you see The Oklahoman has not had local ownership for 8 years.

Oh and to answer your question the owner of The Oklahoman is GateHouse Media and they own 145 newspapers including 10 in Oklahoma and their publishing practices are done to maximize profits not appease residents of Oklahoma City. But as is the nature of the industry GateHouse was in bankrupcy as late as 2013 but are growing today.

https://newsok.com/article/3605308/opubco-sale-marks-end-of-an-era

https://en.wikipedia.org/wiki/List_of_newspapers_owned_by_GateHouse_Media

https://en.wikipedia.org/wiki/The_Oklahoman

https://en.wikipedia.org/wiki/GateHouse_Media

 

[gwydion]

I so enjoy laughing at Sweetest posts now. She has no clue on so much and yet vilifies all who dare to give her facts to show how she is wrong. Professional owners don't go by win/loss records. I mean they like to win but it is all about the bottom line.

And the reason so many concession stands are closed during OU events is it only takes about a quarter of them to serve the few who show up. No profit in opening concession stands that can't sell enough to cover the wages of those working it. So you consolidate and hope to get something out of the handful that do come.

Have you ever been to a women's basketball game at LNC? They don't always have all the concession stands open there either. Especially in November/December. I"m pretty sure they aren't all open for gymnastics either and as many if not more people go to women's gymnastics now then women's basketball. I'll check that out tomorrow night.

 

[Sweetest OU Girl]

I so enjoy laughing at Sweetest posts now. She has no clue on so much and yet vilifies all who dare to give her facts to show how she is wrong. Professional owners don't go by win/loss records. I mean they like to win but it is all about the bottom line.

And the reason so many concession stands are closed during OU events is it only takes about a quarter of them to serve the few who show up. No profit in opening concession stands that can't sell enough to cover the wages of those working it. So you consolidate and hope to get something out of the handful that do come.

Have you ever been to a women's basketball game at LNC? They don't always have all the concession stands open there either. Especially in November/December. I"m pretty sure they aren't all open for gymnastics either and as many if not more people go to women's gymnastics now then women's basketball. I'll check that out tomorrow night.

You guys are so defensive and uninformed. I have been to a large number of events at the Arena this year. If you sit on the 2nd deck (private box area) for the vast majority of them you have to go all the way down to the lower level to even get refreshments at many, many of the events (virtually none having anything to do with OU). If you ask the taxpayers to pay for the construction/remodeling of those concession stands (on that level) you have an obligation to have them open. If only the Thunder needs them, they should be able to dig into those vast profits some of you think they have to pay for what they - and generally only they - need.

I do not think the taxpayers need to support a private company that generates these huge profits and salaries you guys sing about. I simply do not believe in government welfare handouts to rich private businesses.

That is one of the reasons I support OU. they do not ask taxpayers to fund their private athletic activities out of government welfare.

 

[gwydion]

The second level is where the boxes are and those people have their food catered, they have no need of concessions. And what the second level has that the 1st and third don't is that big dining area that serves food that you can't get elsewhere in the arena. That's just on one side. I didn't bother walking completely around the second level, so don't know what they offer on the opposite side. Sound like to me you need to be catered at your seat. Buy courtside tickets and they'll take care of you there.