SBD/December 18, 2012/Franchises

Mets' Revenue At Citi Field Down For Third Straight Year

The Mets’ ballpark-related revenue “dropped $8.3 million to $118.6 million this past season -- the third straight year of declines since Citi Field opened,” according to Baumbach & Marshall of NEWSDAY. Data shows that ballpark-related revenue “such as premium ticket sales, concessions and parking has declined 43 percent since 2009, the stadium's opening year.” This year's reported revenue “of $118.6 million as of the end of September was down from $180.4 million in 2009 and $126.9 million in 2011.” The numbers “come from quarterly reports that highlight a designated portion of the team's ballpark finances.” The records also show that revenue for Citi Field's “10,635 premium stadium seats, representing about 25 percent of the 42,000-seat stadium, was $44,111,395 this season, down from $50,515,652 in 2011 and well short of their budgeted projection of $56,506,733.” The team did “see an 18 percent increase in concession revenue from a year ago, marking the first increase in that department since the stadium's opening” (NEWSDAY, 12/18).

METS' FINANCES
ASSETS
2012
(as of Sept. 30)
2011
2009
Retained Seats
$44.1M
$50.5M
$99.3M
Advertising
$44.2M
$46.0M
$47.0M
Concessions
$12.0M
$10.2M
$15.2M
Luxury Suites
$8.6M
$7.8M
$3.8M
Parking
$7.2M
$7.3M
$11.1M
Other
$2.6M
$5.1M
$4.1M
TOTAL
$118.6M
$126.9M
$180.4M

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New York Mets, Franchises

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