
"Until Sunday, in fact, the city did not know for certain that it would get even a penny in ticket revenue. As part of their lease to play in the city-owned stadium, the Angels are required to pay the city $2 for every ticket sold beyond 2.6 million. On Sunday, the final day of the regular season, the last-place Angels topped that threshold by 15,506. The payment to Anaheim: $31,012."
"In better times - amid a run of six postseason appearances in eight years - the city received more than $1 million annually in ticket revenue. The high point: $1,613,580 in 2006, when the team sold a record 3,406,790 tickets. Although major league teams do not disclose their financial data, Forbes estimated the Angels generated $120 million in ticket revenue last year. The Angels sold 2.58 million tickets last year, so the city received none of that revenue."
Anaheim faces an annual deficit projected at $64 million. The Angels barely exceeded a 2.6 million-ticket lease threshold, producing a $31,012 payment to the city. The lease requires the team to pay $2 for each ticket sold above 2.6 million. During a stretch of postseason success the city collected over $1 million annually, peaking at $1,613,580 in 2006 when the Angels sold 3,406,790 tickets. Forbes estimated the Angels generated $120 million in ticket revenue last year, but selling 2.58 million tickets meant no payment to Anaheim under the lease. The 2.6 million figure was set in a 1996 lease as an aspirational target.
Read at Los Angeles Times
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