Lieutenant Island Views : Commentary About Finance, Politics and Baseball

Yankee Stadium-Pricing Update | May 3, 2009


A quick review of tickets being offered by the Yankees on their “official” website shows that they have plenty of seats available for tomorrow night’s game against their arch-rivals the Boston red Sox. Heretofore tickets for Red Sox games were only to be had at “Scalper” prices. For tomorrow’s game, there are plenty of field level seats at prices ranging from $250-2,650 per ticket. If they can’t sell out a Red Sox game, imagine what the sales prospects are for a game with the Washington Nationals!! It will be interesting to see what move the Yankees make at the last minute to fill the seats and avoid the humiliation of empty field level seats at a game between sports’ greatest rivals. Some charity is going to get very lucky in the next 36 hours. Imagine a New York plutocrat’s horror at having to sit next to a poor charity recipient!!!

At least someone will be appreciative of the Steinbrenner family’s failure to grasp the basic tenets of micro-economics.

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About author

Mr Thaler is currently the Managing Partner of Lieutenant Island Partners, an organization providing corporate finance advice and general consulting to corporations and not-for-profit organizations. Mr Thaler retired as Vice Chairman of Deutsche Bank Securities in early 2008. His background includes experience as an investment banker, senior manager, business builder, college professor, not for profit board chair and trustee. In his thirty plus years as an investment banker for Deutsche Bank and Lehman Brothers, he has been involved in numerous significant debt and equity financings, mergers & acquisitions, leverage buyouts, restructurings and cross border transactions. Of particular note, Mr Thaler has been one of the most active participants and strategic advisors to the homebuilding industry. In a period of significant turmoil and losses, he was one of the few active bankers to the industry who did not have either a loss or credit write down. He is currently advising several public builders on strategic matters and is an adjunct professor of finance at Morehouse College in Atlanta, Georgia. Though he lives in New York, he is a life long Red Sox fan! www.LieutenantIslandPartners.com

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