49ers New Stadium Numbers Prove Sports in the Silicon Valley are Back in Business
As the tech mecca of America continues to prosper, so too do its sports teams. With the San Francisco Giants, San Francisco 49ers, San Jose Sharks, and the up-and-coming Golden State Warriors all performing at the top of their leagues with bright futures, bay area corporations are finding their teams hot tickets worth the lofty prices.
There is no better example of this than the recent numbers released on the 49ers new Santa Clara Stadium, with over 75% of the seat licenses already being sold out despite the fact that the 49ers won’t even play a game there until September of 2014. These licenses amount to over $400 million in committed revenues for the team. All of the most expensive club level seats have sold out, and corporate titans have purchased the majority of these tickets.
It’s no secret that the Silicon Valley continues to grow economically with a myriad of successful technology companies hauling in revenue and employees to the bay by the bundle. The Giants have been the recent darling of the area, winning 2 World Series in the past 3 years, and with the 49ers transforming themselves into perennial Super Bowl contenders, there are no hotter tickets in town. With companies spending $20 billion annually on tickets, it is no surprise that the success of the bay area teams is bringing out corporate buyers by the masses.