IainB Posted 3 hours ago Report Share Posted 3 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 3 hours ago Report Share Posted 3 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 3 hours ago Report Share Posted 3 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 2 hours ago Report Share Posted 2 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 2 hours ago by SPEEDY69 1 Quote Link to comment Share on other sites More sharing options...
DaveWayne Posted 2 hours ago Report Share Posted 2 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 2 hours ago Report Share Posted 2 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. Quote Link to comment Share on other sites More sharing options...
GeneralMelchett Posted 1 hour ago Report Share Posted 1 hour 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 1 hour ago Report Share Posted 1 hour 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 10 minutes ago Report Share Posted 10 minutes ago 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 the speedway club get the bar and restaurant takings or is it the council ? Quote Link to comment Share on other sites More sharing options...
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