Originally Posted by SAR I
Since the world of PSL's is so peaceful and all PSL owners are so happy, I'm really trying to understand the argument you're making because it would be good to have a fight now and then.
Nobody viewed a PSL as an investment. It was merely a price increase that needed to be paid in order to get tickets in the section that you wanted to sit in. Since most of us were frozen out of good locations and waiting 15 or 20 years in the old stadium, this was a very good deal. All of us were more than happy to pay. Had Leon Hess given us this opportunity back in the early 90s we all would've jumped on it in a heartbeat. $13 to sit in great seats and boot out some old timer? Sign me up. I might get some money back if I have to sell in 2020? Bonus!
The Yankees terminated their relationship with StubHub because StubHub was working for the Yankees. They were selling Yankee tickets that were unsold and undercutting the Yankees own box office. The Jets don't have that problem. StubHub exists only for other Jets fans to sell tickets they own, the Jets a handful of stragglers here and there. Very big difference. StubHub allowed me to get 2x face value for my 49ers tickets. StubHub also allowed me to get $50 per seat for the dog San Diego game. I don't need to eat tickets for games I can't attend anymore. StubHub is a godsend.
Everyone wins here. People with money who bought PSL's are in control, can decide which games they want to attend and which ones they want to sell at fair market value. People on a budget who could not afford PSL's can enjoy a healthy aftermarket and get some great bargains on games throughout the year.
Oh, and the point you are missing (or are trying to ignore it) is that there is a scarcity of licenses out there. You keep focusing in the seats, but that's not what we're talking about here. We're talking about licenses.
There are only 43,000 PSL seats at MetLife Stadium to begin with, and with the average PSL owner having 3 seats that's only 14,000 seat licenses in existence. In a city the size of New York, having only 14,000 licenses available to transact will always make it a valuable commodity. If, say, the typical 2% turnover ocurrs, that's only 280 licenses per year that will be available for sale to thousands of people who want them.
Don't get the haters mixed up with facts.
I have eight PSL's and just called the Jets the other day to see if I could upgrade my two $2.5 k end zone PSL's (sec 128) that I'm not thrilled with. ( I bought them from a former employee of mine who was in a bad way financially). Anyway I have four in sec 135 and two in 111a - low rows and was looking to add on. The rep said they only had scattered high row ( middle of rows) here and there. I inquired about neighboring sections as well, to possibly connect with firends in those sections and it was the same deal.
When I use stubhub or ticket exchange for extras, I average 2x face on 135 and 2.5x face on 111A. The section 128, although aisle, not so good ....sold all games this year and lost 5%. I primarily use my 135s and love knowing those are my seats and have gotten friendly with a few people around me the last couple of years.
This was a bad year, there is no doubt. It goes with the territory. We will not compete for a title every year. The giants were in a big uptick this year after the championship, as reflected in secondary market prices. For the Jets, our non premium games were not valuable this season, especially if not sold early in the season. Believe me, if the Giants go bad and the Jets get good, prices will reflect accordingly.