The common complaint about the new stadiums in New York--for the Giants, Jets, Yankees and Mets--is that they price out the common fan.
I’ve always had a problem with that line. From a business perspective, what do you want the teams to do?
The bottom line is that a a blue collar fan who cheers more and cares more, doesn’t make enough of a difference to create a better home-field advantage.
So the sad truth of the matter is that the teams would rather get as much as they can make, even if it means selling to corporate America, who might not show up every night.
Let’s assume that all the New York sports teams had solid basis for charging the prices that they do for their new stadium seats. The question is, with the financial markets crumbling and New York’s disposable income shrinking by the minute, is it possible that the teams will actually have to reduce their prices at some point? This would be a rare occurrence, but this is a rare time.