The age of the stadium can be appealing if the stadium is rich with history, or if it is new and equipped with the most modern features. However, middle-aged stadiums may have neither appeal and could result in depressed attendance figures. The number of wins that the team has in the season impacts fan interest, as does the team's salary (which is a good way to operationalize a team's star power).
Each of these variables is already quantified, so is fully operationalized. This avoids the trap of using spurious proxies in a study. There are three possible outcomes that can result from this research. The null hypothesis can be proven within significant confidence limits or it may be disproved. The third option is that the null hypothesis may be proven, but there is reason to suspect that some of the variables are closely related to one another and that this has an impact. For example, it is possible that while both salary and wins are shown to be correlated with attendance, that this is only because they are strongly correlated with one another. Thus, the third option is that evidence may be found of cross-correlations that casts doubt about the findings that either support or fail to support the null hypothesis.
The level of measurement for the age of the stadium will be years. One year will be used as the scale, as partial years are significant in assets that could be decades old. The level of measurement for the teams' salaries will be millions of dollars...
The results were: that in the first few years there would be an upsurge in new attendance at the park. At which point, attendance levels will begin to see modest declines. However, the net economic impact for the sports franchise is an increase in revenues of $528 million, over 15 years. This is significant, because it shows how those stadiums that are focused on multiple sports, will see a
Despite these glowing reports, Keating (1997) cautions that not every community has enjoyed the same level of success as the studies have suggested. In his essay, "We Wuz Robbed! The Subsidized Stadium Scam" (1997), Keating says, "Only team owners and players clearly benefit from these taxpayer subsidies, because they are relieved of the costs of stadium financing. Indeed, annual debt-service costs can run into the tens of millions of dollars"
Baseball Research Bristow, Schneider and Sebastian's (2010) article compared the fan loyalty of the Arizona Diamondbacks and Chicago Cubs during the 2008 season. These scholars were interested in finding a tool to measure baseball fans loyalty. Using a questionnaire asking the interests of fans, they compared these answers to win loss records and home stadium attendance. The sample population would demonstrate their loyalty through their knowledge, competitiveness, and how many times
SPRINGFIELD NOR'EASTERS HBS Case Study: The Springfield Nor'easters HBS Case Study: The Springfield Nor'easters The Facts Minor league baseball teams can be a potentially lucrative source of revenue in the right market. As going to major league games becomes increasingly expensive, more and more people, particularly parents who want their children to have the experience of going to a live baseball game, are increasingly turning to minor league games as a way of filling
TICKET PRICES AND ATHLETE SALARIES NEGATIVELY AFFECTED PROFESSIONAL SPORTS? Professional sports are a multi-billion dollar global industry and these events contribute a great deal to a nation's economic performance. As the global economy continues to recover from the lingering aftershocks of the Great Recession of 2008, though, the pressing issues of skyrocketing ticket prices and athlete salaries and how they have negatively affected professional sports have assumed new importance and
It is worth noting that batting was not strongly associated with attendance. High-scoring, offensive baseball did not resonate with baseball fans in a statistically significant way. Stadium size also did not have a strong correlation. This is a critical insight because stadium size has often been viewed as a constraint for attendance, especially when a team has a high degree of popularity. In fact, our data shows that teams in
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