Menu
Franchises

MONEY-BACK GUARANTEE? ASSOCIATION SEEKS REFUND FROM BREWERS

          The Metropolitan Milwaukee Association of Commerce has
     paid "another" $2.1M to the Brewers to fulfill a season-
     ticket sales guarantee, but the MMAC has asked the team to
     pay back some of the money in the future, according to
     Kenneth Lamke of the MILWAUKEE JOURNAL SENTINEL.  The $2.1M
     is in addition to $2.2M that the MMAC paid the team last
     year.  In '95, the MMAC and the Greater Milwaukee Committee
     announced a season-ticket guarantee, with the organizations
     hoping to sell enough season-tickets "through local
     businesses so that the MMAC would not have to pay out cash
     to the Brewers."  But the plan included a promise to make up
     for any shortfall if the Brewers sold fewer than 10,000
     season tickets in '95, '96 and '97 and fewer than 12,000 in
     '98.  The plan, which the MMAC put a $6M cap on, also
     pledged a cash payment if total attendance fell below 90% of
     MLB's average during the first three years in the team's new
     ballpark, Miller Park.  The Brewers sold about 7,200 season-
     tickets in '95 and '96, leading to MMAC's payments of $2.2M
     and $2.1M.  MMAC President Timothy Sheehy said the team made
     a "general promise" to try to aid the MMAC financially when
     the team becomes profitable again in the new stadium, but
     the team has not made any "specific promise" to pay back a
     specific amount (MILWAUKEE JOURNAL SENTINEL, 1/15).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1997/01/15/Franchises/MONEY-BACK-GUARANTEE-ASSOCIATION-SEEKS-REFUND-FROM-BREWERS.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1997/01/15/Franchises/MONEY-BACK-GUARANTEE-ASSOCIATION-SEEKS-REFUND-FROM-BREWERS.aspx

CLOSE