Season ticket deposits way up for champion Angels. (Up Front).There's nothing like a World Series victory to get fans, broadcasters and potential investors interested in your ball club. The Anaheim Angels, owned by Burbank-based Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co., has been discovering as much in recent weeks. The Angels have taken in 4,500 new $100 deposits to reserve season tickets, with prospects of increasing the number of full-season ticket holders to 18,000 or 19,000, from 13,518 last year. In addition, all but five of the 70 luxury suites have, been sold, which last season were $57,000 to $189,000 each. "Our prime selling doesn't even start until Feb. 15," said Kevin Uhlich, the Angels senior vice president of business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . "That's when teams report to spring training, the Super Bowl has finished and the focus starts to shift to baseball." Additionally, team officials said advertisements and sponsorships are on the rise and that Angels officials plan to meet with executives with Fox Sports Net and KCAL-TV (Channel 9) early next year to discuss adding games to their broadcasting schedules, which consisted of 50 and 40 games last season, respectively. The Angels have yet to reveal 2003 ticket prices, only saying that they would be more than last season's per-ticket average of $11.79, fourth lowest in baseball. (The Dodgers will not raise ticket prices, which averaged $16.38 each, or 12th lowest in baseball, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Chicago-based Team Marketing Report.) The rise in Angels revenues will be partially offset by a boost in payroll as the front office tries to keep its core players in place after the team's first World Series win this past season, team officials said. Payroll is expected to jump to $85 million, from $65 million, in part because several players are eligible for salary arbitration arbitration Process of resolving a dispute or a grievance outside a court system by presenting it for decision to an impartial third party. Both sides in the dispute usually must agree in advance to the choice of arbitrator and certify that they will abide by the Dec. 20. All told, the team is projected to trim its operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. next season to $12 million to $14 million, down from $20 million. "Payroll is going to go up dramatically in 2003," said Tim Mead mead (mēd), wine made of fermented honey and water, sometimes flavored with spices. It is highly intoxicating. Mead was known in classical Greece and Rome and was the favorite drink of the tribes of N and W Europe. , team spokesman. "Tickets help offset costs Costs for which funds have been appropriated but will not be obligated because of a contingency operation. See also contingency operation. but they don't make up for (payroll hikes). We won't increase ticket revenues by $20 million." Whether the rise in ticket prices helps Disney's prospects in selling the team remains to be seen, Ulich said. Disney is reported to be seeking $225. million for the team. |
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