[Traitor Jay & the Woodies]

Originally Posted by SAR I

No. The news is that there is no news.

Just a few hundred fans hitting hard times. Unfortunate, but it happens. Just as it always has for the last 30 years. Desperation on 600 licenses doesn't set the market price for the other 15,800 because they're simply not for sale. The fans who bought them in 2010 intend to keep them until 2040.

What you are seeing is the variability in a PSL aftermarket that exists only because of a select few in an unfortunate situation. If you want to talk about the aftermarket on gameday tickets, different story, that's the variability from the quality of the team itself. As for the PSL's, what you are measuring now is how much advantage you can take of the unfortunate, nothing more.

And, by the way, that 14,333 estimate of total PSL owners does not include Club seats. That 600 estimate of total PSLs for sale right now on all those sites has scores of Club seats in it.

This is a massive non-story.

SAR I

Mr Market doesn't recognize if holder of an asset is hitting hard times. The news is valid.