I didn't see this Washington Times article posted just yet. Economy spoils Jets' plans Tim Lemke (Contact) Wednesday, October 22, 2008 The New York Jets had what appeared to be a genius idea. Rather than sell personal seat licenses for their new stadium, they would auction some off and allow market forces to take control. Football is the most popular sport in America, so it seemed like a good way to ensure the team would maximize revenue. But then the economy went south, and now it appears things aren't working out quite as well as the Jets had hoped. The background: The Jets have several premium seating areas at their new stadium, set to open in 2010. The most prized area is known as the Coaches Club, a section near midfield that includes access to a bar and restaurant and a special area at field level just a few feet behind the Jets' bench. The Jets planned to auction off PSLs on those seats on Stubhub.com while selling the PSLs to other premium areas for $25,000. So, naturally, the Jets needed the Coaches Club PSLs to average more than $25,000 a pop or they would look foolish. Things looked promising when bidding started Sunday; a number of PSLs finished with winning bids of more than $60,000. But then things started to shift. Some sold for just $20,000. Then $15,000. Then only $11,000. Overall, it appears the average winning bid could be less than $25,000, meaning the Jets may be forced to lower the price of other premium seating areas. Bidding continues throughout this week. Getty Images The Jets tried to auction personal seat licenses to fans, but many are going for less than the team wanted. To be clear, the Jets are still making plenty of money selling seats at the new stadium. The PSLs, keep in mind, are the one-time purchases fans are forced to make before they buy season tickets, which are priced at $700 a game. ?We continue to be pleased with the level of activity and interest in the auction,? Jets spokesman Brice Speight said in a statement. But the results of the auction suggest fans have a limit, and there are growing indications of a backlash if ticket prices are too high. The NBA, for example, laid off 80 workers, citing an expected slowdown in ticket sales this year. In the District, the Nationals announced last month they would lower some after a full season of seeing whole sections of empty seats. Good seats to pro sporting events never will come cheap. But the Jets' auction suggests that when times are tough, even the most rabid fans know when to say when.
you mean change it? its coming up fine for me.your the 2nd person to say fix it. but what should i fix?
I'm sure he has so much money he doesn't give a sh*t. In fact it would make for nice bragging rights at cocktail parties.
You need the ] after the first QUOTE tag so it shows up correctly as a quote. You have it at the end, as ][/quote], you must have copied and pasted it with the cursor one spot over. I wasn't going to say anything but now that we're 3-3 I figured I'd bring it up.
In another couple of weeks it won't surprise me at all if many people who think they are committed back out before sending their money in particularly those that have wives and are saving for their kids education, retirenment, etc. This is going to happen all over the stadium.
You just have to move the ] from the end quote to the front quote, not add anything. On topic, I've been thinking all along the economy coupled with the Giants tapping into the same market at the same time might bring the PSLs down a bit. Hopefully I can keep my upstairs pair with no PSL, my wife's downstairs pair will be totally out of the question.
.... and sitting next to the guy who paid $11,000, .... and his seats are closer to the 50 than yours.....
