Originally Posted by Jonr:
First off, I think that Emmitt makes a lot of money on the Chili Bowl. As far as I know, he he is still partners with the Ross family for this event. (Perhaps he bought out Lanny's portion from the Ross family when Lanny passed away)
As others stated, I think the million dollar number was a rhetorical number and that it costs more than a million to put it on.
Finally, your numbers are very suspect.
Entry Fees- No issues.
Pit Passes- Not every car brings 6 people. 6 is a very high number. Also not everyone is buying a multi day pit pass.
Ticket entrance 10,000 X 365 equals 3.65 million not the 4.3 million that you stated.
As you stated there are other revenue streams not stated, but those numbers would be even more suspect than the ones we have. (How much does streaming actually pay?)
Do I think that the Chili Bowl turns a handsome profit? yes. Do I think that the Chili Bowl in making over 4 million in profit? no
I meant to put 12,000 not 10,000. My mistake. But like people have said the web site says the place holds 15,000 seats. I only went to 12,000 to give myself wiggle room. Add the other 3,000 and that's another $1 million in revenue for the week. The pit pass number is low. How many people buy a pit pass and never sit in the stands? Plenty!! You really don't think there are at least 2400 people in the pits all week? Really? Don't forget the ticket holders that also purchase a pit pass so they can go back and hang out with the teams. And the Mon/Tue where the pits aren't as full or stands has one or two open seats equates to very insignificant numbers. Me being as conservative as I've been more than makes up for that slush.
I disagree with everything else you stated. He is making over $4million. The numbers don't lie. And I was extremely conservative. I didn't even try to put the other numbers together because I agree, they are too variable and suspect. However, we more than paid for the event. His expenses could be double the $1million he said it costs and he is still making $3million in profit! If I'm off at all its only by a few hundred thousand either way not millions.