Padres experience $3 million boost in ticket sales from Manny Machado signing
The San Diego Padres expected interest in the team to see a significant uptick after signing Manny Machado to a 10-year, $300 million deal, but even the organization has been left pleasantly surprised by what has occurred over the past few weeks.
Erik Greupner, the Padres president of business operations, has indicated the team has seen a $3 million boost in ticket revenue that is being solely attributed to landing one of the biggest free agents on the market this past offseason.
While not providing specifics to the exact amount of tickets sold, Greupner told ESPN’s Alden Gonzalez the Padres are seeing sales that are “at least double” to what is typically projected for this time of year.
Greupner noted that ticket revenues have seen spikes before — such as when the team made a big splash in free agency and the trade market ahead of the 2015 season, and in 2016 when the team hosted the All-Star Game at Petco Park — but the Machado effect has been even more remarkable.
“But even in 2015 and 2016, we didn’t see a spike like we’ve seen this year in terms of demand,” Greupner said. “And frankly, it’s been maintained for a longer period of time so far than some of the spikes we’ve seen in the past. So, we’re encouraged that it’s really setting a new trend line for us this season in terms of demand for tickets and merchandise.”
The Chargers’ departure from town has left the Padres with a “tremendous opportunity,” Greupner says, but also a “tremendous obligation as the sole remaining professional sports franchise in San Diego, to deliver a winner to the city of San Diego.”
The signing of Machado, who praised the organization from top to bottom during his introductory presser, obviously will go a long way in helping the Padres reach that stated goal.