Shoutout to u/Vast-Treat-9677 on Reddit for doing the math on what it actually costs to fill the Madison Square Garden at current market rates. π€―
If you look at what people are actually paying to get through the doors, the total value of the seats in the building for just one single night is mind-blowing:
πͺ Upper Bowl: ~8,000 seats at a $13,000 average = $104M
πͺ Mid/Club Level: ~7,000 seats at a $25,000 average = $175M
πͺ Lower Bowl: ~4,000 seats at a $55,000 average = $220M
πͺ Courtside/Floor: ~800 seats at a $100,000 average = $80M
π€ Estimated Total: A staggering ~$580 million (ranging anywhere from $450M to $700M).
To put this in perspective, walking into the MSG for Game 3 of the NBA Finals between the Knicks and the Spurs right now is officially more expensive than buying a ticket to the last two Super Bowls combined.
Itβs a bummer, because everyday, die-hard fans who have supported the team through years of losing are completely priced out.
Live sports are great, but when a ticket costs as much as a decent used car or a literal down payment on a house, something is broken.
Shoutout to u/Vast-Treat-9677 on Reddit for doing the math on what it actually costs to fill the Madison Square Garden at current market rates. π€―
If you look at what people are actually paying to get through the doors, the total value of the seats in the building for just one single night is mind-blowing:
πͺ Upper Bowl: ~8,000 seats at a $13,000 average = $104M
πͺ Mid/Club Level: ~7,000 seats at a $25,000 average = $175M
πͺ Lower Bowl: ~4,000 seats at a $55,000 average = $220M
πͺ Courtside/Floor: ~800 seats at a $100,000 average = $80M
π€ Estimated Total: A staggering ~$580 million (ranging anywhere from $450M to $700M).
To put this in perspective, walking into the MSG for Game 3 of the NBA Finals between the Knicks and the Spurs right now is officially more expensive than buying a ticket to the last two Super Bowls combined.
Itβs a bummer, because everyday, die-hard fans who have supported the team through years of losing are completely priced out.
Live sports are great, but when a ticket costs as much as a decent used car or a literal down payment on a house, something is broken.