The two financiers of the first Undergraduate Council-sponsored concert of the semester said yesterday that the event did not make money.

Michael P. Beys '94, the council's newly-elected treasurer, and Scott B. Logan '94 said they expect to lose approximately $80 on Wednesday night's Spin Doctors concert due to a smaller than expected crowd and a last minute price hike by the band.

"It was a smaller crowd than we anticipated," said Mike Tallon, the manager of the Black Rose, the bar where the concert was held. "We were figuring on filling up near our capacity."

Not a Full House

Tallon estimated that 280 students attended last Wednesday's event. The bar can hold up to 379 customers.

Beys said only 252 individuals purchased a $7 ticket.

Although some of the remaining 28 were let in for free, the rest were admitted on a promise of future payment.

Beys said it is highly unlikely that the concert will turn a profit because he and Logan do not expect to recover all the money owed to them.

"If we collected on everything, we stand to make a profit. But we won't," Beys said.

Hoped For Profit

Logan said he and Beys approached the concert as a non-profit venture, even though financial success seemed likely.

"When we originally budgeted for it, we thought it might be profitable," Logan said. "We thought we would give the profits to Mather House or the Undergraduate Council."

Tallon said he did not think Beys was trying to make a profit off the venture.

"My impression was that it was a Harvard College gig, and I don't recall it being a money thing," Tallon said.

Beys and Logan put up $1787 for the event. Besides the $1200 fee for the funk and metal band, the show required a sound system, invitations, catering, supplies and dinner for the members of the band.