Anyone want to buy 2 PSL'S

[pnthrs]

15 minutes ago, Anybodyhome said:

The Carolina Panthers basically took more money from me than they needed to build the stadium, and those who benefited weren't the long-time seat owners, it was the newcomers.owners

F JR

[top dawg]

I'd give the m-f-ers away before I give them back to a rich mofo like Tepper. But that's me and my principles.

[blackcat]

17 hours ago, kungfoodude said:

College teams use this model too. I could never buy into it because the "in perpetuity" really only benefits the team if you don't purchase the seats. It isn't as if you could cede the seats to the team for a couple of seasons and then still have the ability to purchase them in the future, you just flush that money down the toilet. It's a fantastic model for sports teams but it really does punish the fans if the tickets don't maintain value, which is always going to be a problem in an area where an established fanbase doesn't exist or consistent success is not maintained. 

In the case of Clemson, my mother in law has to give a certain amount every year to have the right to buy the tickets and for parking.  Ouch!

[Paintballr]

18 hours ago, Stoney said:

Not quite how it works.

Paying for the Personal Seat License is a one-time, up-front expense (let's call it $5k per x 2 = $10,000).

Owning that PSL gives one the right to purchase those 2 seats each season in perpetuity.  It is also an obligation to purchase those seats, the PSL is revoked if you don't pay up for the seat.

If the market will bear it, the PSL owner can re-sell to another fan for whatever price they are able to negotiate, here lately sounds like it is a buyers market.

Or, as it sounds like some are considering doing, the PSL owner can simply decline to buy the tickets and their PSL lapses and goes back to the team.

The Jets/Giants adopted a similar system to help finance their new stadium and their PSL market is similarly depressed.

https://www.northjersey.com/story/news/business/meadowlands-matters/2017/02/23/giants-psl-prices-did-they-turn-out-worth/98322972/

 

 

Got it, so that makes more sense. It’s a one time payment for the PSL no matter how long you have them?

[shulasmyhero]

3 hours ago, blackcat said:

In the case of Clemson, my mother in law has to give a certain amount every year to have the right to buy the tickets and for parking.  Ouch!

Yeah, this is pretty common now.  Most colleges require membership and donations to the scholarship fund/booster club/whatever you want to call it, to have the right to purchase season tickets.  This is actually different than the PSL.  The PSL is a one time fee, the "donation" is an annual requirement on top of tix.

I have PSL's, had them since the beginning. I upgraded 3 times and it was a pain in the ass every time to sell the previous ones.  Never was an investment, never thought of them that way.  I like going to the games, I like knowing i will have a ticket in advance, I also know there is a premium for that convenience, i'm good with it.  I lived on the West Coast for 3 seasons and simply sold the season tickets, never had any issues doing that.  I still made it to a few games those years and i realized i really disliked scrambling to find tickets. 

I get that people are against the PSL concept, in retrospect it's a convoluted idea but it got the stadium built.  They have long since been paid for and i still like going so no use in worrying about it now.  When i no longer enjoy it, i'll sell them for what i can get at the time or maybe just keep selling season tix until i can get something.  I hate the idea of letting them lapse back to the team.  

[kungfoodude]

3 hours ago, blackcat said:

In the case of Clemson, my mother in law has to give a certain amount every year to have the right to buy the tickets and for parking.  Ouch!

Yeah, even after the "lifetime rights" are paid off, they still have a mandatory minimum amount you must donate every year at NC State. Plus, the NC State "lifetime rights" length? Read the fine print....20 years.

[MadHatter]

Not a great market for PSL’s right now.

i relocated to Cincinnati for work in January and had to sell my 4 (Sec 540 Row 21).  Ended up letting them go for $700 each.  

[GRWatcher]

6 hours ago, Anybodyhome said:

The PSL is not a "right to purchase those seats in perpetuity." It is an obligation, because if you don't purchase the tickets, you're forfeiting the PSL. And, if the possibility of a playoff appearance exists, you're obligated to buy playoff tickets right around the holidays. And if they don't make the holidays or are bounced early, you've laid out money for unused tickets and the team collects the interest on them for a few months before they apply the credit to your next season's ticket invoice.

 

Playoff tickets haven't worked that way in almost a decade.  Currently there's an option when you pay for the season tickets: do you want playoff tickets or not. You have to make a selection. And if you do choose playoff tickets, at the end of the season, the NFL calculates the odds of a home playoff game. When the odds are 100%, your credit card on file is charged for the tickets at the time general admission tickets for that game go on sale in January. There's no more charging anyone when there is no home game. No more credit carried forward to next season. It's all straight forward and clean. If you don't buy playoff tickets (answering 'no' to the question) you do not lose your PSL. The bonus for the PSL owner is playoff tickets at face value if you answered 'yes'. Why a PSL owner would say "no" is beyond me. 

[ncstatekwi]

On 6/16/2019 at 11:22 PM, Squirrel said:

Yeah been out of nc for 10 years. Family has been buying season tickets but cant with the recent price increase. So just looking to unload without taking to big of a hit.  If I get no takers this time I'm just going to give them up next year.  Cost to much for what I initially paid for them. 

Fair pricing in my opinion given what our family friends have sold theirs for!

[Icege]

On 6/17/2019 at 11:29 AM, Lumps said:

I am just curious as to why put $600 to a PSL instead of toward a season ticket?

Because the season ticket couldnt be purchased every year without the initial PSL purchase (which was on sale for nearly 25% of the original price)

[BudFox]

While transferable and with some market value, I never thought of my PSLs as an asset, but rather an investment to hedge against inflated resell ticket prices due to popular opponents, given that I want to go to each game.  Alternatively, the money to be made is in reselling game tickets that you acquired at face value. Sell enough over a few seasons to make up the PSL investment, then you're in the black. 

[Anybodyhome]

13 hours ago, GRWatcher said:

Playoff tickets haven't worked that way in almost a decade.  Currently there's an option when you pay for the season tickets: do you want playoff tickets or not. You have to make a selection. And if you do choose playoff tickets, at the end of the season, the NFL calculates the odds of a home playoff game. When the odds are 100%, your credit card on file is charged for the tickets at the time general admission tickets for that game go on sale in January. There's no more charging anyone when there is no home game. No more credit carried forward to next season. It's all straight forward and clean. If you don't buy playoff tickets (answering 'no' to the question) you do not lose your PSL. The bonus for the PSL owner is playoff tickets at face value if you answered 'yes'. Why a PSL owner would say "no" is beyond me. 

Well, there ya go, they actually changed something. But, again, I sold mine almost 7 years ago and each season they had a shot of making the playoffs I was dishing out serious cash right at the holiday season.

[Nate Dogg]

14 hours ago, BudFox said:

While transferable and with some market value, I never thought of my PSLs as an asset, but rather an investment to hedge against inflated resell ticket prices due to popular opponents, given that I want to go to each game.  Alternatively, the money to be made is in reselling game tickets that you acquired at face value. Sell enough over a few seasons to make up the PSL investment, then you're in the black. 

It's all fine and dandy when we're winning, but when we're losing it's the worst. 

[grateflday]

The market for PSLs are going to obviously be what a person is willing to pay for them.  You cant completely compare to the inventory the team has cause they are not going to charge a low amount when they have simply been able to sell those seats out via single games sales every year so not a big deal for them to have the PSL & they also allow payments making it easier to buy those if someone did want one of those PSLs.  

Also for me, I never looked at my PSL as an investment BUT instead just an addition cost per ticket amortized over the lifetime I will own them.  

Finally,  I would assume selling any PSL would be close to impossible now (and I wouldn't buy any if I didn't have them now) until the team commits to the current stadium. 

Good luck trying to sell the PSL.