Albany,n.y. Posted September 24, 2021 Posted September 24, 2021 https://buffalonews.com/sports/bills/bills-to-sell-personal-seat-licenses-to-help-pay-for-private-portion-of-new-stadium/article_c16caec0-1be5-11ec-967c-1fdcafe359cf.html Not only are ticket prices bound to increase for NFL games at the Buffalo Bills’ proposed new stadium in Orchard Park, but season ticket holders will likely first have to pay $1,000 or more for the privilege to buy them. Bills owners Kim and Terry Pegula plan to pay for a portion of their share of any “public/private partnership” struck with New York State and Erie County to construct a new stadium by selling personal seat licenses, a revenue source used to help pay for more than half the stadiums in the league. “We will definitely have PSLs as part of a new stadium,” said Ron Raccuia, the executive vice president and lead negotiator for Pegula Sports and Entertainment, during an interview this week with The Buffalo News. “Every new stadium that’s opened since 2009 have utilized PSLs.” Bills to sell about 50,000 PSLs, season tickets The Bills’ least expensive PSLs in their proposed new stadium are expected to begin around $1,000, Raccuia said, and the requirement to buy a PSL will apply to every season ticket holder. A price range has not been determined. Raccuia said the PSLs will be perpetual and transferrable, meaning they will not need to be renewed and can be resold to a third party. 1 2 2 1 1
1ManRaid Posted September 24, 2021 Posted September 24, 2021 Well there goes my hope of getting season tickets. 1
DrDawkinstein Posted September 24, 2021 Posted September 24, 2021 Is anyone surprised by this? At least it's only a one-time charge and transferable. 21 2 1
Southtown Tommy Posted September 24, 2021 Posted September 24, 2021 A PSL is a one-time charge, right? If so, it's reasonable based on ~$1,000 for the least expensive license. Price of doing business and having an NFL team in your backyard. 2
PromoTheRobot Posted September 24, 2021 Posted September 24, 2021 (edited) 9 minutes ago, 1ManRaid said: Well there goes my hope of getting season tickets. Why? It's very likely that PSL's can be spread over a few seasons. So the impact will be blunted. It will be an extra bump of $10-20 per ticket. Personally I've been expecting this. But they better make this stadium worth it. Edited September 24, 2021 by PromoTheRobot 4 1
1stgm1993 Posted September 24, 2021 Posted September 24, 2021 Best part if it is one time fee as it states and then can be resold to a third party your could make your money back or even profit on selling your psl when you decide you no longer want tickets 1 1 1
BuffaloBillies Posted September 24, 2021 Posted September 24, 2021 What a business. I would love to see the skid marks in front of me if I told my clients, "Yes, I want your business, but you first need to pay me in order for me to take your business." 1 1 4 1
The Wiz Posted September 24, 2021 Posted September 24, 2021 16 minutes ago, DrDawkinstein said: Is anyone surprised by this? At least it's only a one-time charge and transferable. Although I agree, at the same time, depending on how much a good seat license cost, you could be spending, ill venture to guess, up to 8k for 4 seats.
DrDawkinstein Posted September 24, 2021 Posted September 24, 2021 1 minute ago, The Wiz said: Although I agree, at the same time, depending on how much a good seat license cost, you could be spending, ill venture to guess, up to 8k for 4 seats. Thems the breaks 1
billsfanmiamioh Posted September 24, 2021 Posted September 24, 2021 3 minutes ago, The Wiz said: Although I agree, at the same time, depending on how much a good seat license cost, you could be spending, ill venture to guess, up to 8k for 4 seats. Im in section 109 and I kind of had in my head that $2500 a seat would be in the ballpark. I bet the primo seats might command something like 4-5k each.
CuseBill Posted September 24, 2021 Posted September 24, 2021 2 minutes ago, The Wiz said: Although I agree, at the same time, depending on how much a good seat license cost, you could be spending, ill venture to guess, up to 8k for 4 seats. If you do the math, it's unlikely very many seats would have PSL's in the $1,000-2,000 range. They need a lot more money up front to finance the amount they are likely going to be asked to contribute. If 60,000 seats averaged $2,000 per PSL, that's only $120 million.
ticketssince61 Posted September 24, 2021 Posted September 24, 2021 Not unexpected, but the problem is that not only do you pay for the PSL but you still have to pay for your tickets which I am sure prices will go up. I have 8 lower level seats between the yard lines. I don't think I would want to pay $20,000 to $40,000 for the right to buy my season tickets where the price will go up from 135 a ticket to probably 200 a ticket (and those seats were $90 just a few years ago) I had great Rams seats when they first came back to LA, but it was around $50K to buy a PSL so I gave them up when they moved to SOFI
TheFunPolice Posted September 24, 2021 Posted September 24, 2021 How much money could this actually raise? If it's just a couple of million (yes, I know that sounds odd) it doesn't seem worth it.
billsfanmiamioh Posted September 24, 2021 Posted September 24, 2021 10 minutes ago, ticketssince61 said: Not unexpected, but the problem is that not only do you pay for the PSL but you still have to pay for your tickets which I am sure prices will go up. I have 8 lower level seats between the yard lines. I don't think I would want to pay $20,000 to $40,000 for the right to buy my season tickets where the price will go up from 135 a ticket to probably 200 a ticket (and those seats were $90 just a few years ago) I had great Rams seats when they first came back to LA, but it was around $50K to buy a PSL so I gave them up when they moved to SOFI This is exactly why I have reduced my number of seats down to 4 in the lower level. And also the reason I haven’t gone with Kelly club. I’m prepared to pony up for a PSL on my current 4, but was worried if I had switched to Kelly club at some point I’d be priced out of a new stadium and have to go back to the bottom seniority wise for regular seats. I think they kind of treat seniority for club seats and the rest as separate entities.
MJS Posted September 24, 2021 Posted September 24, 2021 This is not news. News would be if they stated they were NOT going to do that. In fact, that would be huge news. 1
RiotAct Posted September 24, 2021 Posted September 24, 2021 Not TOO bad considering it’s a one-time charge. Obviously some STH’ers will balk, but I’m guessing very few will. Even if we’re a middling team again (God forbid) when the time comes.
DrDawkinstein Posted September 24, 2021 Posted September 24, 2021 (edited) 25 minutes ago, CuseBill said: If you do the math, it's unlikely very many seats would have PSL's in the $1,000-2,000 range. They need a lot more money up front to finance the amount they are likely going to be asked to contribute. If 60,000 seats averaged $2,000 per PSL, that's only $120 million. If they're going to pony up roughly $1B, then that's at least a nice 10% discount. If it's a 50/50 split of $1.2B, then that's a 20% discount off their $600M. Not bad. Edited September 24, 2021 by DrDawkinstein
Virgil Posted September 24, 2021 Posted September 24, 2021 I don’t care how many teams do it. This is the definition of greed 1 1 3 3 3 1
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