The Village View

Monday, January 30, 2006

I'm in the wrong business!

I've been having a discussion about margins lately with some work colleagues; generally around SAP's efforts to improve them. Mostly moving along the curve stuff. Well, we need to jump curves and move to the soccer ticket broker business. FIFA (world soccer body) charges 100 Euros for a category 1 ticket to a Group game (first three games a country plays). That's 120 bucks. Ok, so those unlucky souls who haven't won the ticket lottery (your humble correspondent included), have the opportunity to buy them through ticket brokers. That same category 1 ticket will cost $614! Given that the brokers get their tickets from FIFA and assuming that this is at less then face price, we're talking margins of 500+%!!!
I'm in the wrong business.

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