The Upside to PSLs
On Friday, I wrote a post about the Giants’ PSL pricing. Near the end of the article, I included a quote by Kyle Burks, whose SeasonTicketRights.com Web site manages PSL sales for four NFL teams puts more of a positive spin on it by saying that, “Teams just haven’t done a good job on educating fans what they’re selling” and “The bottom line is that almost all seat licenses will appreciate over time”
I just found a pretty solid article titled ‘PSLs could be used as an investment tool’ by Maura McDermott of The Star-Ledger. I was aware that sports fans were able to buy PSLs and resell them in the future at a higher price if the demand is there, but I didn’t know anything specific about it which is why this article is a good read for those looking to purchase season tickets in the new stadium.
McDermott begins with a story about a couple who purchases PSLs to different stadiums around the country. The couple has a portfolio worth $280,000. Since this is supposed to be for fans, I believe that the NFL should not allow people to purchase PSLs to multiple NFL stadiums. If that isn’t a clue that these people are purchasing the tickets as an investment then I don’t know what is. How many people on the planet are that much of a fan that they will pay for PSLs in multiple stadiums and attend all home games at multiple stadiums? It is one thing if a person purchases one group of PSLs for each sport, but it should be limited to that. By that, I mean that a person may buy 4 PSLs for an NFL team, 4 PSLs for a MLB team, etc.
Further down in the article, McDermott asks if they are a wise investment for fans? She included numerous quotes about how good it can be and some quotes about how it hasn’t worked out so well. I definitely recommend that you give the article a read if you are a season ticket holder and are concerned about the PSLs.
