The Dollars and Cents of Sports in Chicago
As I read the Chicago Tribune today I asked myself: "What on earth are the owners of professional sports teams thinking in this very bad economy?" Today's Tribune notes that every Chicago professional sports franchise is raising their ticket prices this season except for the Chicago Bears, the football team. But while the Bears hold the line on prices the baseball White Sox are raising prices modestly, by $2.00 per game. The lone exception is the upper deck box seats, which are going up only $1.00 per game. This is tolerable, but not a very good strategy in this economy. The Blackhawks, feeling good about having a much better hockey team this year, are raising their prices an average of 16%. The Bulls, struggling right now to be consistent as an NBA basketball team, are raising season-ticket prices 33% and court side seats by anywhere from $100 to $950 each. Utterly amazing!
Worst of all, as is typical in this city, the Chicago […]


