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The UFC Is Bleeding Las Vegas Dry

For the most part, UFC ticket sales are characterized by three stages:  First, the vast majority of tickets that will be sold are sold by the end of the first day of the general on-sale.  Second, there is a lull between that day and the serious build up to the show where very few tickets are sold, unless another big fight is announced.  Third, they sell a lot of tickets in the final week with all the hype that gets people interested, and they sell tickets to tourists in Vegas as well.

By pricing average people out of buying tickets for their major events, the UFC has severely increased the importance of the first stage at the expense of the others.  The only fans willing to pay 500 dollars for decent seats are super hardcore fans, and they all buy their tickets in the first week.  It's one thing to get tourists to buy last minute tickets to an event if they cost 200 or 300 dollars, though even that is pushing it.  It's another entirely to ask casual fans that get excited by an event due to the heat-up in the last week to pay $1,000 for a ticket.  It just won't happen.

That brings us to UFC 91.  In the midst of a financial meltdown, the UFC has priced tickets for this show higher than any ever before.  They are also doing this in the city that has arguably been the hardest hit by economic stagnation in the last year.  They can deny it now, but they were hoping to sell out this show by the end of this past weekend.  They didn't come close.  Sources indicate to Bloody Elbow that they have sold somewhere around 10,000 tickets (out of 15,000+).  That sounds like a good number, but they won't sell any of the remaining $750 or $1,000 seats to casual fans, and the hardcore fans already bought.  

In the end they will get an amazing gate for this show.  They will probably sell it out with all the hype.  But even if they do, they still have UFC 92 and UFC 93 coming up in the same city immediately after this show, on top of the TUF Finale.  Something's gotta give, and limiting the experience of seeing the UFC live to high rollers and the most hardcore of fans is just not a good strategy for growing the sport or inspiring fan loyalty.

I originally thought they were doing this because of the rumored Rampage Jackson vs. Wanderlei Silva fight, a fight that would cost them millions due to the expected buyrate of this show.  But that fight is still not signed for numerous reasons, and they may end up asking fans to pay $1,000 for Brock-Randy and Florian-Stevenson.  We'll see how hardcore some of these fans really are if that is the case.

Update:  According to Dave Meltzer they've only sold 7,500 which is a much worse number.  The UFC does 80% of its ticket sales in the first week, so they better hope the way they hype it changes the metric.  

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I saw on the ticker at the bottom of the screen of Inside MMA on HDNET that Wandy – Rampage is confirmed.

by nitro on Sep 22, 2008 10:11 PM EDT   0 recs

They are just reporting MMA Junkie’s story. I know for a fact it’s not signed as of last night.

by Michael Rome on Sep 22, 2008 10:12 PM EDT to parent up   0 recs

I think this is a terrible strategy also. There are a ton of demands on disposable income at this point. I just got through commenting on this in your article from last night. I sincerely hope the UFC isn’t putting too much faith in their product, because as much as the brand has grown, a tough macroeconomic situation can easily trump their seemingly strong brand.

by Cannon Jacques on Sep 22, 2008 10:26 PM EDT   0 recs

Mike, do me a favor and call up Rampage and get this one signed, will ya buddy?

UFC 91 needs a major co-main event and I need some Axe Murderer.

by Day Man on Sep 22, 2008 10:32 PM EDT   0 recs

Tell me about it man. I’m going too.

by Michael Rome on Sep 22, 2008 10:45 PM EDT to parent up   0 recs

I think the cause for concern may be premature, but it’s an interesting analysis. I entirely disagree that all of the hardcores have purchased their tickets. All of the hardcores in Vegas, possibly (or many of them). But I, for one, am tentatively scheduling a trip to Vegas in November for 91. If these cards stack up, extended sales may not merely be a result of tourists that plop down while looking for something to do on a Saturday night, but may in fact book a Vegas excursion around going to one of those cards. I guess it remains to be seen, but I think the UFC is fully aware that those three cards must all contain big fights.

by Blackout612 on Sep 22, 2008 10:32 PM EDT   0 recs

Good Analysis brother Rome…

At least one of those 3 shows need to be moved and the super bowl show is not yet set in stone to be in Vegas.

The co-main needs to be signed if they can find someone willing to fight Machida it would have been done by now.

It will sell out though… the metric for this show will be a bit different than others because of the promotion.

by mmalogic on Sep 22, 2008 10:47 PM EDT   0 recs

This could be good news for hardcore MMA fans. Since the sport has grown so mainstream, I have a feeling a lot of ticket brokers with Fight Club Memberships are buying up the majority of the tickets and selling them 3x’s face value. With the economy struggling, face value tickets won’t be worth so much.

by steveoc24 on Sep 23, 2008 1:17 AM EDT   0 recs

Update: According to Dave Meltzer they’ve only sold 7,500 which is a much worse number. The UFC does 80% of its ticket sales in the first week, so they better hope the way they hype it changes the metric.

Meltzer is reporting an approx 2.5 million gate so far.

What would Oregon have brought in total?

by Baudelaire on Sep 23, 2008 1:28 AM EDT   0 recs

Less than that overall.

They’ll end up with a great number, well over Oregon. But I still think it’s a mistake long term.

by Michael Rome on Sep 23, 2008 1:40 AM EDT to parent up   0 recs

I think they would agree it isn’t the best situation to pile the events in the same market.

But there is no way they could have had Lesnar/ Couture and Mir/ Nog on the same card in Dec. in Vegas.
 And Lesnar/ Couture has a Vegas feel to it.
Zuffa could have probably not raised the prices.
  But they are pushing it so hard already.
People are less inclined to travel in a money crunch.
  But people are really less inclined to travel to Oregon.
    
I dont know. I am interested to see how it all shakes out.

by Baudelaire on Sep 23, 2008 1:54 AM EDT to parent up   0 recs

the pricing is fine… you have to test test the ceiling with the “biggest fight” in company’s history.

The concern is the 3 big shows in a row in the same town…

The NYE show would have been perfect for Madison Square Garden if the damn bureaucracy got it’s shit together.

by mmalogic on Sep 23, 2008 2:25 AM EDT   0 recs

One big thing you’re ignoring in this post: The UFC holds their New Year’s Eve weekend and Super Saturday shows in Vegas for a reason. Both those weekends are jam-packed, can’t-find-an-empty-room-on-the-Strip weekends. And the people who come to town on these weekends are the types only coming in once or twice per year, so they’re more likely to splurge for tickets as part of their annual vacation/blowout weekend. Granted, the bad economy will skew this a bit, but it’s not like they’re doing three random shows in a row in the market with no rhyme or reason.

by andherewego on Sep 23, 2008 2:41 AM EDT   0 recs

Yes but they’ve always done it after a long break away from Vegas. Tourism to Vegas is down significantly too, and last year the Superbowl show did horrible.

by Michael Rome on Sep 23, 2008 3:27 AM EDT to parent up   0 recs

pricing average people out of buying tickets for their major events

When hasn’t the average person been priced out of ANY event (sports or concert) in the last 10 years?

In the last 3 years what has the cheapest ticket to a UFC Vegas PPV been?

Plus watch me not shed one bloody tear for Vegas MMA fans. They get more shows then anyone.

by jamiecoy on Sep 23, 2008 11:16 AM EDT   0 recs

I got tickets and was very disappointed in the pricing as well, but I have never been to Vegas and was/is still hoping that Rampage & Wandy are added to this fight card.

I personally think the BJ Penn – GSP fight will do well over 1 million buys – not this card (that is without Rampage & Wandy).

"My job is a decision-making job, and as a result, I make a lot of decisions." --George W. Bush, The Decider, Lancaster, Pa., Oct. 3, 2007

by lovingmma25 on Sep 23, 2008 12:44 PM EDT   0 recs

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