Jets second shoe to drop is when they did zero down lots of scalpers gobbled up loads of tickets with LLCs etc.
I am talking national scalpers. I got a brief glimpse into it kinda by accident. Two rows behind me a few feet closer to end zone a scalper always advertises those seats among with tons of others.
Anyhow he did one ad on ebay once and I emailed him and said once or twice a year I would like the seats and if you want to cut a deal I will buy them off you minus fees, easy sell I will pay pay you. Anyhow he took info we chatted for ten minutes.
Anyhow last week he called me out of blue to see if I want to buy those seats. It turns out he wants his equity plus a profit and I said no way, if you want to sell them to me for remaining balance call me back and I will talk to Jets to see if you can transfer loan. Only reason interested, it would give me five seats and I have five in my family and his seats are close to mine.
Anyhow goes into he has like 200 PSLs to Jets all no money down. None in his names various LLCs etc. Also said Jets sold him some "movie star" seats like row one LSL Jets side on aisle but in return he had to take some clunkers, they told him cant have all movie star seats. Anyhow he has some run of the mill TC, LLEZ, LGL he has no equity or is under water one. Said not to piss off Jets too much, is trying to dump some of the ones he is at breakeven or near break even on, keep the good ones and figure out how to default on the stinkers. Sounds like he wants to keep 100 seats.
If Jets strategy was to sell in bulk with zero down to scalpers it all works well in good times, for Giants it may work well forever. For Jets it would only work if we had at least 3-7 good seasons so scalpers has equity in all the seats.
Well sounds like Jets are going to get lots of seats back. Scalper basically said I am keep all low row, Jets side, closest to 50 seats in LGL and LSL and a few of same on visitors side and the others we shall see.
I am really in same boat. I have two ok UD seats and two great PSL seats. Next year I will be dropping the two UD seats. If people start triming seats considering Jets are not sold out look out below.
I still firmly believe Jets should for any defaulted PSLs give first dibs to PSL holders in that section when seats become available and allow them to do no money down and just pick up remaining loan balance. Heck even tell us we wont chase you on the psls you pick up if you default. I guess make that deal five year financing only so it limits downside risk. Plus who needs 15 year financing when you get it as such a discount.