The Dodgers' Defeat Reaps $23 Million in Revenue: A Cautionary Tale of Losses Beyond the Field.
On August 8th, the Toronto Blue Jays took to Chavez Ravine and left with a sweep, 5-1 and 9-1, respectively. The games seemed like an afterthought, with many overlooking the significance of that two-game series in the Dodgers' schedule. However, as it turned out, that loss to Toronto would prove costly for Los Angeles.
The Dodgers went on to finish the season with a record of 93-69, one game behind the Blue Jays. In the World Series, Toronto's victory in Games 6 and 7 gave them home-field advantage, ultimately leading to their championship title.
As it often does, the financial aspect was not lost on the team. According to an analysis by Forbes, Los Angeles lost nearly $23 million in potential revenue due to its inability to host a fourth World Series game. The breakdown was substantial: approximately $20 million from ticket sales and concessions, with another $1.44 million attributed to parking revenue.
For context, these numbers translate to tens of thousands of fans who were unable to attend games at Dodger Stadium. With the average ticket price ranging from $400 to $80 per vehicle for parking, those lost revenue streams added up quickly.
While it may seem like a relatively small loss in comparison to Los Angeles' massive $350 million payroll and its Forbes valuation of $6.9 billion, this particular setback highlights that even the most successful teams are not immune to financial consequences stemming from defeats on the field.
On August 8th, the Toronto Blue Jays took to Chavez Ravine and left with a sweep, 5-1 and 9-1, respectively. The games seemed like an afterthought, with many overlooking the significance of that two-game series in the Dodgers' schedule. However, as it turned out, that loss to Toronto would prove costly for Los Angeles.
The Dodgers went on to finish the season with a record of 93-69, one game behind the Blue Jays. In the World Series, Toronto's victory in Games 6 and 7 gave them home-field advantage, ultimately leading to their championship title.
As it often does, the financial aspect was not lost on the team. According to an analysis by Forbes, Los Angeles lost nearly $23 million in potential revenue due to its inability to host a fourth World Series game. The breakdown was substantial: approximately $20 million from ticket sales and concessions, with another $1.44 million attributed to parking revenue.
For context, these numbers translate to tens of thousands of fans who were unable to attend games at Dodger Stadium. With the average ticket price ranging from $400 to $80 per vehicle for parking, those lost revenue streams added up quickly.
While it may seem like a relatively small loss in comparison to Los Angeles' massive $350 million payroll and its Forbes valuation of $6.9 billion, this particular setback highlights that even the most successful teams are not immune to financial consequences stemming from defeats on the field.