Please explain the accounting on this.
The more you look at this deal the worse it is for season ticket holders, extremely bad in fact:
The facts: TCU loses one home game on the schedule and replaced with nothing, absolutely nothing.
That home game was with Ohio State.
What do you think the value of a ticket to an Ohio State game at ACS was worth?
My guess on a low end was $500, but you know many of those were worth over $2,000 with zero in return.
TCU got their money so the $5 mill is a plus to them but at what cost to the season ticket holders?
First off if they now want to see the game it will cost an extra?
Second they lose 100% of the value of their original tickets.
How many season ticket holders? 30,000 on low end?
Initial value lost is 30,000 time $500 or $15,000,000
Add the cost to purchase new tickets and basically CDC out the season ticket holders big time for a lousy $5 mill