Accountant Finds Sports Season Ticket Memberships Win with Valuable Benefits
By Max Donner / Special to LAKings.com
Sports fans who are considering season ticket memberships may want to follow the businesslike approach of an entertainment business accountant to select the program that is best for them.
CPA Steve Savitsky of Savitsky, Satin & Company has selected the Lexus Club program of the Los Angeles Kings hockey team. The enthusiastic hockey fan has found many ways to support his business and our community by sharing the tickets with others.
“I can’t go to 40 games a year myself,” says Savitsky, who is pleased that the Kings Care Foundation can help others with the tickets for games that do not fit his schedule. This charitable organization has programs to donate extra tickets to schools and community organizations that can use them for their programs or sell the tickets for admission to individual games. These sales support a wide range of good causes, such as the Juvenile Diabetes Foundation, and are also used to raise funds at charity auctions.
The Kings Care Foundation also hosts charity fundraising events, so that Savitsky can meet other fans who share his passion for hockey and for helping our community.
Savitsky has also observed from the professional perspective of an accountant how this type of well managed season ticket membership program presents a compelling “win-win” opportunity. Season ticket members can save as much as 53% compared to the cost of tickets to individual games. They are also allowed to deduct the discounted cost of tickets they donate as “in-kind” charitable contributions. Like other accountants, Savitsky takes care to point out that the deduction applies only to gifts to qualified charities. And he appreciates the advantage that the Kings Care Foundation takes all the guesswork out of this and manages all the itemized expense paperwork for season ticket members who want to make the most of their ticket packages.
Over the years, Savitsky has found many other benefits from his decision to purchase LA Kings season ticket memberships. “Now the Kings are so popular, almost everyone wants to go to see them,” he reports. Savitsky sees the setting of the Lexus Club at STAPLES Center as a good match for client communications. “It’s exclusive, it’s a nice touch,” he notes. The NHL tradition of two separate recesses during games and the access to the Lexus Club ninety minutes before each game makes this program as affordable as entertaining clients at a restaurant or renting a conference room.
Savitsky often invites existing clients to join him, but points out that the opportunity to meet with a prospective new client at the right time can cover the cost of the whole program for an entire year. Savitsky’s professional view of this opportunity is “the Lexus Club and the Crown Club are nice places to show clients you value their business and get an opportunity to meet them in person.”
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