NFL owners vote to approve Raiders move to Las Vegas

NFL team owners voted to approve the Raiders’ proposal to relocate to Las Vegas. Once they move, it will mark the franchise’s third relocation since its inception in 1960.

The decision by NFL ownership is the culmination of years of efforts by the Raiders to find a viable stadium solution – continuously in Oakland, then in Los Angeles before eventually agreeing to participate in a partially publicly financed stadium project in Las Vegas.

However, Raiders won’t immediately move to Las Vegas since construction of their planned $1.7 billion domed stadium isn’t expected to be completed until 2020.

”My father always said, ‘the greatness of the Raiders is in its future,’ and the opportunity to build a world-class stadium in the entertainment capital of the world is a significant step toward achieving that greatness.”, said Raiders owner Mark Davis to NFL.com.

The move marks the third NFL team relocation in less than 14 months. The Rams moved from St. Louis back to Los Angeles last year and the Chargers announced their decision to move from San Diego to L.A. in January.

Fan Cost Index for MLB, NBA, NFL and NHL

The idea with Fan Cost Index is to estimate the cost for a family of four to attend a live sporting event. With the index you can both compare the historical development within a team sport or league, but also between different teams, sports and leagues.

Russell Scibetti, the founding editor and primary author of  The Business of Sports, recently created an interactive dashboard of the Fan Cost Index for MLB, NBA, NFL and NHL.

You can calculate your own Fan Cost Index by total up the cost of two adult average price tickets, two child average price tickets, four small soft drinks, two small beers, four hot dogs, two programs, two adult-size caps and one parking ticket.

It’s notable that, in general, the ticket price have the largest impact on the Fan Cost Index. However, it’s pretty clear that most sports teams and event have to focus more on the total (match/event day) revenue instead of (only) ticket sales.