Ohio State Netted $600k from the Rolling Stones Concert

By D.J. Byrnes on June 5, 2015 at 10:22 am
Keith Richards, a cocaine whirling dervish.
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It's almost been a week since Mick Jagger and the Rolling Stones walked-with-assistance into Columbus and gyrated their titanium hips around. (Here are the Stones pandering to the crowd with a rendition of "Hang on Sloopy.")

For Ohio Stadium, it was the first concert since 2003. There are more concerts on the way to the Shoe this summer, including the Buckeye Country Superfest and One Direction. If they're as profitable as the Rolling Stones were, well, there will be more concerts en route because Ohio State, like most people and corporations, enjoys money.

Evan Weese of BizJournals.com is reporting Ohio State made $600,000 off the Rolling Stones concert. The actual number may be a little bit higher, though.

“What you have to remember is, the ‘show’ didn’t end until Tuesday, with labor bills,” Ohio State's Associate Vice President of University and Business Advancement, Xen Riggs, told BizJournals.com. “(Profit) is probably north of $600,000. I don’t know if I was expecting (any amount) in particular, (but) we’re very happy. That’s probably the range we would hope for.”

The Stones' promoter was so pleased with the show — nobody really knew what to expect beforehand — that he called Riggs twice on Sunday, presumably from a mountain of cocaine, money, and naked women (and/or men).

Still, not a bad bit of business for the university, even if it led to admitting Kid Rock into the stadium. 

The Shoe wasn't the only Columbus venue to profit either. Bexley's Giuseppe's, which maintains a 3.5-star Yelp ranking, reportedly got a visit from Mick Jagger and Co. the Friday night before the show.

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