Found December 21, 2011 on The Sports Bank:
The Orange Bowl required West Virginia University to purchase 17,500 tickets. WVU has sold just 7,500 of that allotment for their Jan 4th match up with Clemson. Even the most optimistic of projections have them coming well short, and eventually losing about $650,000 on the Orange Bowl ticket agreement. From the Pittsburgh Tribune-Review: West Virginia is also competing with other sources that are selling Orange Bowl tickets for less. The lowest ticket prices through the school are $99 in the upper level, but on Monday afternoon, StubHub.com had tickets for the Orange Bowl as low as $19… …West Virginia also struggled in ticket sales during its last BCS bowl appearance. The Mountaineers sold just under 8,000 of its allotment for the 2008 Fiesta Bowl. However, there were other circumstances surrounding the bowl game that season. The current bowl tickets set-up socializes all risk to the University and privatizes all gain to the Bowl. That’s not free enterprise nor free market. What’...
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