Oasis Set to Earn €61 Million from Croke Park Concerts

Oasis is poised to generate over €61 million from two sold-out concerts at Croke Park in Dublin this weekend. The iconic band, led by brothers Liam and Noel Gallagher, has seen a resurgence in popularity, turning their return to the stage into a lucrative venture. Financial analyst Karl Deeter predicts that the combination of ticket sales and merchandise will result in substantial earnings for the group.

Deeter estimates that with approximately 160,000 fans expected to attend the shows, and after accounting for tickets reserved for promotional purposes, about 158,000 attendees will contribute to the revenue stream. He noted that while the original standing ticket price was €86.50, many fans have paid up to €350 due to dynamic pricing models employed by Ticketmaster. This pricing strategy is expected to yield around €55 million from ticket sales alone.

In addition, Deeter highlighted the potential merchandise sales. If even 100,000 fans spend an average of €60 on items such as T-shirts, the band could see an additional €6 million. This brings the total expected earnings from the two concerts to a remarkable €61 million.

The financial success began prior to the concerts, with the Gallaghers launching a pop-up shop in Dublin on August 4, 2023. Deeter estimates that the shop could generate around €500,000 in merchandise sales by the time it closes, adding to their overall earnings.

However, transporting their full live show from the UK to Ireland incurs additional costs for the band. As Deeter explained, unlike their typical tour logistics, bringing their equipment over via ferry can be significantly more expensive.

The economic impact of the concerts extends beyond the band. Deeter noted that the influx of fans could contribute as much as €35 million to the local economy. This figure includes estimated accommodation costs, food and drink expenses, transportation, and other discretionary spending.

Assuming a third of the concertgoers require accommodation, the total could reach €19 million, based on an average of €150 per person. Additionally, food and drink expenditures are projected at about €18 million, while transportation costs could add another €5.4 million. All these factors combined illustrate the substantial financial boost the concerts provide to Dublin’s economy.

Looking ahead, with 41 dates planned globally, the band stands to earn an astonishing €1.4 billion. The Gallaghers are reportedly considering further concert offers, including four shows at Knebworth House next year to commemorate the 30th anniversary of their legendary concerts in 1996.

An insider from a major promoter indicated that the potential for these future engagements is significant, although it ultimately depends on the brothers’ willingness to commit. Meanwhile, the excitement among Irish fans is palpable, especially with the limited-edition merchandise available at the pop-up store, which has drawn large crowds ahead of the concerts.

As the band gears up for their performances, the anticipation among fans continues to build, marking a historic comeback for Oasis. The setlist for these shows promises to deliver fan favorites, ensuring that the concerts will be a memorable experience for all attendees.