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My plans for next years finances arena expansion

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166782.1
Date: 12/21/2010 3:28:19 PM
Overall Posts Rated:
7676
I have a plan to build my money close or to $2 million next season, from this week until the end of next season i'll be expanding my arena, actually i started last week with the addition of a few bleachers. I only have $29,000, i'm also going to be building several luxury boxes since they're so expensive.

Now i have a question, i have only $29,000, and was wondering if when i start or during, or after the expansion of an arena, will i loose any of that money?

This Post:
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166782.2 in reply to 166782.1
Date: 12/21/2010 4:07:50 PM
Overall Posts Rated:
4242
No idea what the second paragraph means, but looking at your arena, I would spend at least a season worth of revenue on it.

This Post:
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166782.3 in reply to 166782.2
Date: 12/21/2010 4:23:52 PM
Overall Posts Rated:
7676
Yeah that's what i'm going to do but, what i mean is, when you go to manage my team and it takes you to the page where it shows you hiow much money you have. Do you loose any of that money when you expand your arena, because i'm not sure.

On manage my team page, under your finances of how much money you made and what you had to pay for like player salaries, that is on the left, and on the ride is how much money you made from tv contract and ticked prices. Under that, it shows you how much money you have, i was just wondering if you loose any of that money, from arena expansion.

This Post:
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166782.4 in reply to 166782.3
Date: 12/21/2010 5:04:51 PM
Aussie Pride
ABBL
Overall Posts Rated:
544544
Still don't quite understand what your saying. Are u asking whether the same amount of people will attend while there is an expansion in process? then the answer is yes or are u asking whether your bank balance will go down? the answer is of course as it costs money to build.

This Post:
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166782.6 in reply to 166782.3
Date: 12/21/2010 5:24:10 PM
Overall Posts Rated:
110110
I think you are asking whether there are weekly maintenance costs for arena expansion. The answer to that is there is no impact to your weekly revenue stream. It will only reduce your current cash balance.

This Post:
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166782.7 in reply to 166782.6
Date: 12/21/2010 7:24:33 PM
Overall Posts Rated:
7676
Yeah that's what i mean, thanks everyone.

This Post:
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166782.8 in reply to 166782.6
Date: 12/21/2010 7:50:54 PM
Overall Posts Rated:
4242
I might not completly be understanding what you are saying, but you do get more revenue from expanding arena. for every seat you sell, you get more money/week.

More seats=more money per week.

I am currently saving up enough money to expand my arena to 12000 seats. This will take a long time.

you only have 5000. I think that a good goal for the end of next season is 6500-7500. you will find that your income will rise by A LOT, and is totally worth it.

Last edited by shoe lover at 12/21/2010 7:57:48 PM

This Post:
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166782.9 in reply to 166782.8
Date: 12/21/2010 7:54:45 PM
Overall Posts Rated:
237237
You could also get more money by simply raising prices.

Just throwing that out there as an option....The optimal solution is a mix of expanding and controlling your prices.

More seats doesn't necessary mean more money. No point building more seats if those seats aren't going to be filled

Last edited by Monkeybiz at 12/21/2010 7:55:42 PM

This Post:
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166782.10 in reply to 166782.9
Date: 12/21/2010 7:57:21 PM
Overall Posts Rated:
4242
Its still good to do it ahead of time so that you dont have to worry about it later... it also is good for your finances in the longterm.

This Post:
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166782.11 in reply to 166782.10
Date: 12/21/2010 8:01:47 PM
Overall Posts Rated:
237237
The best advice is to plan accordingly. It might not be best in the long term if you can do better things with your existing cash.