The Effect of a Successful New York Sports Team

New York is one of the biggest markets in the world. With its variety of tourist attractions and cultural value, New York is unlike any other city in the world. Part of the success of NY is greatly because of its sports teams. NY is home to the Rangers, Knicks, Nets, Mets, Yankees, Jets, and Giants. With the recent success of the Rangers and the Knicks, New York City has been thriving. The Knicks and Rangers both made the playoffs this year which only increased the amount of revenue at MSG this spring/summer. Although the Knicks took an early exit in the first round, the team showed a lot of promise and based on ticket sales, fans believed in this team which did not have the biggest expectations entering the playoffs. In terms of the Rangers, they are currently still in the playoffs and are only two victories away from a trip to the Stanley Cup finals against the Los Angeles Kings. Rangers fans, as well as hockey fans in general are extremely passionate about their team. The Rangers clinched first place in the East thus giving them home-ice advantage throughout the playoffs. The Rangers have been involved in two Game 7 series with the Ottowa Senators and Washington Capitals, which only further boost ticket sales. Prices for Game 7's at Madison Square Garden range from $110-$900 depending upon the seats. As the Rangers continue their playoff journey it will be interesting to track the price of ticket sales and, the streak of MSG sellouts.