IainB Posted 4 hours ago Report Share Posted 4 hours ago 51 minutes ago, THE DEAN MACHINE said: As I said I would I took notice of the amount of team clothing worn by fans last night, we parked the car right near turnstiles and the que ‘s were fairly big, I would say probably 3% had Ipswich branding and about 2% of that was clothing from the 1990s-2000s, quite a few of the old Wulfsport jackets, not many modern team shirts on show, it was cold and people had jackets on so that could of factored in to it, also I know it’s the case in most British speedway but Ipswich crowd seems to be 50+ age bracket and I don’t think I’ve seen so many dogs at a speedway meeting (except in the bar at hull years back)😉 tbf the Ippo merch is pretty uninspiring... I've never got on with their black and day glo yellow colours Quote Link to comment Share on other sites More sharing options...
GeneralMelchett Posted 4 hours ago Report Share Posted 4 hours ago 21 hours ago, bellevueace said: I know people who were going to attend then found the price increase and stayed at home to watch on tv, i wonder how many others did? It appears the increase in price actually cost them money. That's a basic page 1 lesson on price and demand elasticity! Quote Link to comment Share on other sites More sharing options...
mikebv Posted 4 hours ago Report Share Posted 4 hours ago 4 minutes ago, GeneralMelchett said: That's a basic page 1 lesson on price and demand elasticity! Dynamic pricing usually comes down when demand is much, much lower than supply... It seems the Aces' leadership had a different idea... Quote Link to comment Share on other sites More sharing options...
SPEEDY69 Posted 3 hours ago Report Share Posted 3 hours ago (edited) 1 hour ago, DaveWayne said: Not entirely true. The lesser formulas that don't attract much of a crowd pay to race, but the bigger formulas don't. They also receive prize money for placings, some formulas get 'start money', and also the F1s get free admissions for 3 mechanics. Thanks for the insight. I still don't think it's a valid comparison to speedway though regarding admission cost. The stock car meetings at Foxhall always seem packed, they charge for parking as well plus they get the catering/bar income. Profits for these meetings I think will be way in excess of what speedway could make. Do you know if the admission cost for meetings with lower formulas is significantly lower? For speedway I'd estimate outgoings for each meeting to be around 25-26k, not adding in any profit margin. They have to recoup this of course but I'd expect stock car outgoings to be lower. Overall, I think the entry price for speedway is ok in the Premiership. Blimey, I paid £19 for a fish and chips meal at a pub last week plus £7 for a glass of wine - I'd have rather been at the speedway! Edited 3 hours ago by SPEEDY69 1 Quote Link to comment Share on other sites More sharing options...
DaveWayne Posted 3 hours ago Report Share Posted 3 hours ago 30 minutes ago, SPEEDY69 said: Thanks for the insight. I still don't think it's a valid comparison to speedway though regarding admission cost. The stock car meetings at Foxhall always seem packed, they charge for parking as well plus they get the catering/bar income. Profits for these meetings I think will be way in excess of what speedway could make. Do you know if the admission cost for meetings with lower formulas is significantly lower? For speedway I'd estimate outgoings for each meeting to be around 25-26k, not adding in any profit margin. They have to recoup this of course but I'd expect stock car outgoings to be lower. Overall, I think the entry price for speedway is ok in the Premiership. Blimey, I paid £19 for a fish and chips meal at a pub last week plus £7 for a glass of wine - I'd have rather been at the speedway! The lowest I have paid anywhere this year is £18, but most tracks you are looking at a minimum of £20. Buxton promoter once told me that at his 'domestic' meetings he rubs 6/7 lesser formulas as he knows their 'pay to race' fees will cover his outgoings, so any paying spectators are profit. F1 meetings would have 'payouts' of around £4-5k in start and prize money on top of the other costs. Crowd sizes vary wildly depending on the formula with literally just a few hundred at some non-F1 meetings, up to several thousand at bigger meetings. The fact that you think speedway has higher outgoings surely suggests that the prices should be higher, so the fact that admission to both is similar is a positive for speedway. 1 Quote Link to comment Share on other sites More sharing options...
SPEEDY69 Posted 3 hours ago Report Share Posted 3 hours ago 2 minutes ago, DaveWayne said: The lowest I have paid anywhere this year is £18, but most tracks you are looking at a minimum of £20. Buxton promoter once told me that at his 'domestic' meetings he rubs 6/7 lesser formulas as he knows their 'pay to race' fees will cover his outgoings, so any paying spectators are profit. F1 meetings would have 'payouts' of around £4-5k in start and prize money on top of the other costs. Crowd sizes vary wildly depending on the formula with literally just a few hundred at some non-F1 meetings, up to several thousand at bigger meetings. The fact that you think speedway has higher outgoings surely suggests that the prices should be higher, so the fact that admission to both is similar is a positive for speedway. Exactly the point I'm trying to make to counter the comparison argument from others for speedway admission to be lower. 1 Quote Link to comment Share on other sites More sharing options...
GeneralMelchett Posted 2 hours ago Report Share Posted 2 hours ago 1 hour ago, mikebv said: Dynamic pricing usually comes down when demand is much, much lower than supply... It seems the Aces' leadership had a different idea... you would have thought they would have done all they could to get a full as possible stadium Quote Link to comment Share on other sites More sharing options...
mikebv Posted 2 hours ago Report Share Posted 2 hours ago 12 minutes ago, GeneralMelchett said: you would have thought they would have done all they could to get a full as possible stadium Indeed... Tracks lose income throughout the year during the qualifiers, especially on those nights that the weather may be a bit iffy, or the opposition is poor, or the team is already a shoe in for the PO's.. (Or a track hosts a double GP!)... Therefore, you would think that they would want to deliver a full house to recoup some of that lost revenue... And, as you say, do everything to facilitate it... A strange business plan.. Quote Link to comment Share on other sites More sharing options...
THE DEAN MACHINE Posted 1 hour ago Report Share Posted 1 hour ago (edited) 1 hour ago, mikebv said: Indeed... Tracks lose income throughout the year during the qualifiers, especially on those nights that the weather may be a bit iffy, or the opposition is poor, or the team is already a shoe in for the PO's.. (Or a track hosts a double GP!)... Therefore, you would think that they would want to deliver a full house to recoup some of that lost revenue... And, as you say, do everything to facilitate it... A strange business plan.. Does BV speedway club get the bar and restaurant takings or is it the council ? Edited 54 minutes ago by THE DEAN MACHINE Quote Link to comment Share on other sites More sharing options...
Hawk127 Posted 56 minutes ago Report Share Posted 56 minutes ago 2 hours ago, SPEEDY69 said: Thanks for the insight. I still don't think it's a valid comparison to speedway though regarding admission cost. The stock car meetings at Foxhall always seem packed, they charge for parking as well plus they get the catering/bar income. Profits for these meetings I think will be way in excess of what speedway could make. Do you know if the admission cost for meetings with lower formulas is significantly lower? For speedway I'd estimate outgoings for each meeting to be around 25-26k, not adding in any profit margin. They have to recoup this of course but I'd expect stock car outgoings to be lower. Overall, I think the entry price for speedway is ok in the Premiership. Blimey, I paid £19 for a fish and chips meal at a pub last week plus £7 for a glass of wine - I'd have rather been at the speedway! The stock cars and bangers are always well supported at Foxhall and the speed weekend and the bonfire bonanza are sell outs and have the stadia packed with crowds that speedway can only dream of these days. Speedway and Spedeworth seem to get on well. In both sports the participants are approachable and many a banger driver or stock car driver is happy to talk with kids and let them look over the cars. Speedway riders are also generally good value when meeting Joe public and that is a credit to them. Apart from entry fees and who gets what from the catering etc is probably the main difference when looking at revenue streams. However the banger meetings are well oiled events and last a lot longer than a speedway meeting so followers probably feel it is better value from an entertainment perspective. I am happy to watch both. Quote Link to comment Share on other sites More sharing options...
mikebv Posted 39 minutes ago Report Share Posted 39 minutes ago 25 minutes ago, THE DEAN MACHINE said: Does the speedway club get the bar and restaurant takings or is it the council ? Not sure... BV did when the track opened, and it was a key part of the business plan that they submitted to the council... We always use the food wagon on Kirky Lane so don't know if its still "in house" or now just paying concessions... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.