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Thursday, April 3, 2008

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Forget the bum economy. Hungering for the kind of revenue needed to field top teams, a wave of stadium construction is sweeping through sports. But not just any stadiums. Super-stadiums.

The formula: Build new facilities with fewer seats and more luxury boxes, charge higher prices, earn more revenue, hire better players and reap more wins. Then turn around and raise ticket prices. It’s a sports business model that originated in America and is now spreading across the globe. “It’s become a game of one-upsmanship,” says Chris Lee, senior principal at HOK Sport, which designed several new European stadiums. “Teams are finding it’s a circle you have to be a part of.”

The website stadiumguide.com lists 78 new soccer venues across Western Europe that either opened recently or planned for the near future, along with a handful of others in Eastern Europe and South America. Most are scaled down models of the old giant soccer stadiums emphasizing seating rather than standing room, the better to minimize the chances for hordes of standing, leaning fans to fall and cause a crush.

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