The Real Reason NFL Stadiums Have So Many Luxury Suites

Рет қаралды 100,686

9 ай бұрын

Today, the stadiums of every major sport have luxury suites, VIP lounges, club seats, and ever more luxurious amenities. But NFL stadiums have the most by far. Why? Well, there's a bit of extra incentive that makes it extra worthwhile.
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Пікірлер: 70

@antpasqu 9 ай бұрын

The answer was "money." I got it right! This was mostly a "sun rises in the east" video.

@rosshoyt2030 8 ай бұрын

If you gloss over the more specific reasons he talks about, then yea I guess haha

@johngorham4300 8 ай бұрын

My guess would’ve been that it’s because the NFL has only 8-9 home games per team instead of 41 or 81 like NBA, NHL and MLB. Meaning they need to generate more revenue per game by way of selling more high dollar suites. Interesting to learn that revenue from normal tickets is shared but earnings from suites and other premium spaces are not.

@jdawg1712 8 ай бұрын

0:33 the Roman Empire comes back again.😂

@gregsells8549 8 ай бұрын

After the Astrodome, two other stadiums in Texas pioneered luxury suites: the Dallas Cowboys' Texas Stadium in 1971, and the Houston Rockets' Summit in 1975. The Louisiana Superdome also boasted suites when it opened in 1975, and the Astrodome itself would get new suites (dubbed Star Columbia) when it was renovated in the '80s. However, Dallas's Reunion Arena was built in 1980 without suites, and that would lead the Mavericks and Stars to eventually demand a new arena.

@NazriB 7 ай бұрын

Lies again? UEFA SW MLS NFL TUSHY

@robertewalt7789 9 ай бұрын

A few months after I started working for a major NYC international bank, in 1974, I was given two tickets to the bank’s luxury suite at Madison Square Garden, to see the Knicks. The young lady I took with me was big time impressed.

@briansobon6015 8 ай бұрын

Can you confirm if she is now your wife? This would be the perfect story if so!

@robertewalt7789 8 ай бұрын

@briansobon No, this was way before I met my wife. I have been in luxury suites at MSG several times since, the suites have been updated 3-4 times.

@mmonkeyman1403 8 ай бұрын

@@robertewalt7789 Many of the suites are on lease agreements with companies and can be updated/renovated at their will, and of course on their dime.

@joeym5243 8 ай бұрын

It is refreshing seeing old stadiums stay alive with few suites, accommodating the regular fans better in the face of making more money

@MrGoodeats 8 ай бұрын

10,000 seats @$5,000/ticket + $275/seat on food = $52,750,000 50,000 tickets @$350/ticket + $100/seat on food = $22,500,000 Nah bud. Your math is way wrong. Appealing to the poor only makes sense from a standpoint of mass appeal such as for advertising or merchandise purchasing. If there were no additional revenue from advertising or merchandising there would be no reason to appeal to the poor.

@MrGoodeats 8 ай бұрын

Though I agree the NFL should accommodate the regular fans it is absurd to propose that there is more money in that. There simply is not.

@wayne8797 9 ай бұрын

Love this video! Great to see the improvement!

@davissae 8 ай бұрын

The problem is there isn’t the 60 40 revenue sharing with the suites. That would curtail luxury suites in NY, Santa Clara, LA, Texas, Miami. No one is paying $40k to watch a game in Jacksonville.

@brent4073 8 ай бұрын

You didn't mention how often these suites are given away as bribes, I mean, gifts to clients... A lot of the money is for greasing the wheels of business and it can often be very questionable and unethical.

@junyaiwase 8 ай бұрын

Me and my grandmother made love in one of these suites

@merf3291 8 ай бұрын

Or it’s just normal ass people from the company that owns said sweet. But yes they’re also used for clients. I.e oil and gas companies, engineering firms, etc. just because they CAN afford to do this to attract clients and others can’t doesn’t by any stretch of the imagination make it unethical

@SwegServices 8 ай бұрын

Rip the palace. Remember going all the time as a kid.

@nickjreacts 8 ай бұрын

Wow great video, I found out a good few things

@austin_rief 9 ай бұрын

This is great stuff!

@luciea5198 9 ай бұрын

Great video!

@poobular 8 ай бұрын

I hate new stadiums and their suite focused design. imo the modern NFL stadium was started with AT&T stadium with its steep levels that include so many suites and their field level stuff that surrounds the field. The Palace may have had a lot of suites but the way they incorporated them was so there wasn’t a bad seat in the arena. These new stadiums and their abundance of suites not only ruins the look of the stadium but also the normal fan experience. sorry for the lil rant but this was a cool video, it’s cool to know that other ppl have also been noticing this

@kazuhirala 8 ай бұрын

Money. It’s also the Disneyland effect. Disneyland isn’t technically for one majority of class income demographic. It’s sets its prices to a medium where their prices appeal to upper-middle class people. Football stadiums also appeal to these demographic becuase they know they’ll pay

@flamingbull3438 8 ай бұрын

$200 for the worst seat at a Rams game???

@Piggy-0145 8 ай бұрын

Vs the Eagles yea, vs the Cardinals it’s like $60

@goliatheater67373 8 ай бұрын

Vs 49ers that's a big game

@SpaceCityProjectz 4 ай бұрын

Business bro just "Business!"🎉

@SpaceCityProjectz 4 ай бұрын

I really wanna know how the luxury seat is ruining the average seats "experience"? Because they now know what theyre missing out on?

@joemckim1183 8 ай бұрын

Anyone who watches sports behind glass isnt a real fan.

@crosslink1493 8 ай бұрын

Only a brief mention of government/taxpayer money involved? Los Angeles did not have a NFL team for quite a while as the City of L.A. refused to cough up funds or concessions to the league. The Rams owner finally built So-Fi stadium, but its in the smallish neighboring City of Ingelwood on the site of an old horse racing track, and I'm not sure what the city 'gave away' to get it built there. The Clippers (NBA) are building their own arena nearby, not sure of the financials on that either, but a recent TV program showed it will be loaded/saturated with luxury boxes and internet-connected systems monitoring your every move.

@BenefitOfTheDoud 9 ай бұрын

Cool video, but my dude, the selfie shots at the end could use some stabilization love. May I suggest a nice Samsung phone?

@haoye2413 8 ай бұрын

$450k a year sounds cheap, i wonder does it give you access to all events, if it does a luxury box can comfortably host about 12 people and considering year round events. It is a pretty good price, not sure if this the updated price or price for the Palace when it first open.

@BPed 9 ай бұрын

I watched the entire video waiting for a surprise "real reason".

@BlakeGuidry 9 ай бұрын

Tottenham has the best suite package in the world! COYS!

@bengoacher4455 8 ай бұрын

If you have 60,000 seats, and 1.2m fans. Then the more expensive the seats the more money you make. People will always show up. If people stop showing up, charge more, reduce the seats, add buffets and sofas, call it an exclusive luxury experience and you don't need to sell as many seats to make the same amount of money. At the same time, the people who can afford the seats are the sort of person who'll buy the seats so they can use them when they want them, but most the time they'll sit empty. The 0.1% have so much shit, it's impossible to appreciate. Several houses in multiple countries, hundreds of luxury cars, yatchs, jets, reservations at luxury restaurants, luxury suites. You and I are stumping up $200 for the one ticket in the rafters, once a year as a special treat or experience. They're dropping $50k on a suite in case they're in town when a football game is on.

@dimasfazlur5926 8 ай бұрын

thats teally fricked up😢

@RhoninFire 8 ай бұрын

Can't help but think about that if luxury suites keeps growing but stays removed and unattainable, it ultimately fuels the wealth gap and resentment between the classes

@evacody1249 8 ай бұрын

Not really being front row on the 50 year line is far better then being in a suite. Being front row are a major concert is much better. In fact those tickets are far harder to get and can go for far more on the open market. The luxury suites are pay for the stadium. But that's not where the die hard fans want to be.

@BruceMusto 8 ай бұрын

Money, money, money.

@woltzwurld6760 8 ай бұрын

Was sure this was click-bait. Happy to be wrong. Well done.

@C4m4r0 8 ай бұрын

Because fans local fans don't matter enough to revenue

@sans3go342 8 ай бұрын

Can these boxes be written off on your taxes?

@3v3ryDayGam3r 8 ай бұрын

Yes, if you own a business you can write them off on your taxes as entertainment expenses

@dane4073 8 ай бұрын

I hope laws are passed that NFL is banned using taxpayers money to build a places that has more then 10 luxury seats. If they want to build a luxury stadium they can pay for it themselves.

@luckybuck6882 Ай бұрын

Hahahaha...it's called economics my friend...how much money does that stadium bring to the city...its simple math...if you spend 1 billion but consistently make 2 billion...then do it..hahahah

@reaxions 7 ай бұрын

Because people like me love sports but hate idiots.

@belliott6042 8 ай бұрын

Money

@Hateweek1984 8 ай бұрын

No thanks....

@usarugbyleagueunionfan 8 ай бұрын

Average ball in play time in NFL is 12 minutes out of a 60 minute game. Way too many commercials and stoppage of play.

@michaelwallace1861 8 ай бұрын

Surprisingly rich white people not listed ....

@Max-ve5tu 8 ай бұрын

I can't be mad at it. These suckers paying 10 grand for a suite is subsidizing my seat.

@goliatheater67373 8 ай бұрын

It is? Because tickets prices have only been rising

@SlowMoebius 8 ай бұрын

Algorithm

@ImSizo 8 ай бұрын

ill stream illegally for free from home

@greyFCB 8 ай бұрын

pay to win.

@bobbowie9350 8 ай бұрын

captain obvious video. should have been a 30 sec video.

@alistairgregson1608 8 ай бұрын

This assumes that the only sports are american, whilst the rest of the world plays real sport, in real stadia, where exec boxes pay huge amounts of cash into the team without using up too much space. This is an american issue based on your own social issues and flaws. Compete with the rest of us, in real sports, and come and see how its done.