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Updates on the team sale

Mr. Scot

By Mr. Scot,
in Carolina Panthers

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ericr0319 Collaborator

ericr0319

Posted
Posted
11 minutes ago, cookinbrak said:

They could build a new stadium. The Panthers couldn't play there. Unless they refund every PSL owner.

 

I  do not think this is on their long list of concerns. I would imagine most PSL owners would get first chance to purchase similar seats at the new stadium at a reduced rate or transfer their current agreements to similar value. I would image the same, or similar, seat in a new stadium would have a higher value. At the end of the day it would cost the organization very little compared to what they would bring in for a new deal. For the people who might get fuged over, a very small amount of them would take legal action or they would sell their rights (if they transfer). 

That said, I do not know much about the legal ins and outs of the agreements. But, I would imagine this is not the first time an organization has ran into this issue. 

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ericr0319 Collaborator

ericr0319

Posted
Posted
10 minutes ago, RoaringRiot said:

This is incorrect. I'll have to find the link but according to the person who wrote the PSLs rules, leaving BoA makes the PSLs go bye bye. 

post link if you find it. I think all agreements are different. Or if a PSL owner here has their contract, they could look. 

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carpanfan96 Veteran

carpanfan96

Posted
Posted
15 minutes ago, cookinbrak said:

"for a lifetime of NFL football." Even if they built a new stadium, the PSL's would have to transfer.

A lifetime of football in BOA, moving to a new stadium null and voids the agreement and it's in the paperwork giving the team the right to move to a new stadium and not have to refund you. 

 

It's in the small print that the PSL is only valid for BOA. here

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RoaringRiot Collaborator

RoaringRiot

Posted
Posted
8 minutes ago, ericr0319 said:

post link if you find it. I think all agreements are different. Or if a PSL owner here has their contract, they could look. 

The truth: A PSL is only permanent and forever for as long as the team stays in Bank of America Stadium.

Link - http://www.journalnow.com/news/state_region/psl-is-forever-unless-carolina-panthers-move/article_0bdbe06e-6a12-11e2-8be0-001a4bcf6878.html

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ericr0319 Collaborator

ericr0319

Posted
Posted
4 minutes ago, RoaringRiot said:

The truth: A PSL is only permanent and forever for as long as the team stays in Bank of America Stadium.

Link - http://www.journalnow.com/news/state_region/psl-is-forever-unless-carolina-panthers-move/article_0bdbe06e-6a12-11e2-8be0-001a4bcf6878.html

yeah i just read that one - article is 5 years old. but, i am sure it still applies. 

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Malt Liquor Collaborator

Malt Liquor

Posted
Posted

Just dome the current stadium. And buy some land near the stadium and turn it into a 20,000 space parking lot. If the parking lot is too far they could shuttle people over like they do at Disney World. Win win for everybody. But billionares and millionares are too greedy to understand this concept.

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Mr. Scot Grand Master

Mr. Scot

Posted
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Posted
1 hour ago, cookinbrak said:

"for a lifetime of NFL football." Even if they built a new stadium, the PSL's would have to transfer.

Sorry, but nothing in that language guarantees anything if the football is being played somewhere other than Bank of America Stadium.

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