Originally Posted by seanymac
I bought the PSL's last year and chose the 15 year financing. What happens if I stop paying the PSL and just give up the money I have paid and tickets for the future? Im just curious if you can just back out of the contract.
I haven't read an entire PSL agreement, but considering you have a contract to pay the PSL, they very likely can come after you for the entire amount. Its probably unlikely that they will, but I have a feeling that the PSL Agreement is fairly iron clad in that regard. The reality is is that they'll probably just take possession of the tickets again and attempt to resell the PSL to someone else.
But, if walking away from the PSL becomes standard practice, the Jets may very well hire some 3rd party (collection agency/law firm) to go after the PSL Holders who breach their contracts. If they can't resell the PSL and get stuck with the tix, that's a lotta fazoole they're eating.