Friday, January 12, 2007
David Beckham
So Beckham is going to play soccer in L.A. on a $250,000,000 contract over 5 years. I'll admit that I don't understand how this works out to be a good deal for the billionaire paying this. Maybe he just likes to watch the games himself. The American public sure doesn't care.
The L.A. team has an average attendance of about 22,000 per game (less last year). Fifty million dollars per year is not going to come out of increased ticket sales. MLS only plays 32 games per year, and season ticket prices in L.A. range from $380 to $3000 per year. Call it an average of $800. I just can't believe that with 16 home games a year that Anschutz is going to sell an extra 62,500 tickets per game. Merchandizing rights should provide soebenefit, but enough to pay for this?
On the other hand, Congress is set to 'regularize' a lot of illegal aliens, which will encourage even more to come, so maybe they can fill the stadium with them.
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