This is interesting...I thought they were planning on auctioning off the 2,000 seats. Looks like they had a change of heart, and pulled them back to increase demand. Wonder what they will do with the other 1,380 seats?? By Aaron Kuriloff Oct. 28 (Bloomberg) -- The New York Jets made more than $16 million auctioning 620 seat licenses for the National Football League team's new, $1.6 billion stadium. Owner Woody Johnson said the licenses, which give fans the right to buy amenity loaded seats in the team's ``Coaches Club,'' averaged more than $26,000 each. The Super Bowl champion New York Giants, who will share the stadium, are selling licenses to the same seats for a fixed $20,000 each. The Jets' auction was the largest ever held by EBay Inc.'s Stubhub, Johnson said in a telephone interview today, even though the team and online retailer reduced the number of seats available from 2,000 after saying too many for sale hurt demand.
Same here--a silver lining to the economy going in the tank. How much will it be worth to go out there on a day like today in a few years to watch an aging Kellen Clemens and the 2-7 Jets in the new stadium? People wil be giving that shit away for $20 at tailgate parties like they are now.
Thats exactly my point...once the novelty of this new stadium wears off (which will probably be week 2 of the 2010 season) what are you left with? ZERO...You have just invested in one of the worst pyramid schemes in history. And I love the guy in the NY Post today...having the best seats in the house come with a premium, said Findel, who contends, if anything, he underpaid. "I am amazed in the interest since I purchased them - how many people want to buy them for more than I purchased them for," he said. DOPE
This is part of the reason I dont want to pay for a psl. I have given away tickets and seen so many free tickets for games like this. They are trying to sell the tickets holders that these ticekts are worth alot more then they really are.
"even though the team and online retailer reduced the number of seats available from 2,000 after saying too many for sale hurt demand." Translation: economy sucks.
The sale of 2,000 of the best tickets is going to "hurt demand?" Man, what a load of crap. They got kicked in the teeth on this and they don't want to admit it. Serves 'em right.
Jets' High Flier 400g Seat Man Revealed By JEREMY OLSHAN Meet Mr. Jet. Diehard fan David Findel paid the record $400,000 for the rights to the two best seats at the new Meadowlands stadium, and he says they're worth every penny. "It's a function of wanting the best, both as a lifelong fan and as a business investment," the 43-year-old owner of mortgage-lending firm Financial Resources told The Post. But the Colts Neck, NJ, resident says he may never sit in the 50-yard- line seats when the stadium opens in 2010. "I purchased them for my son, Brandon, 11, and my daughter, Brooke, 7. I will probably continue to sit in my current seats." Findel outbid an offensive line's worth of New York jet setters at the Oct. 16 auction, including Nobu owner Drew Nieporent and Gary Vaynerchuk, owner of winelibrary.com. The frenzied bidding turned into a silent auction when Findel raised the stakes from $140,000 to a staggering $200,000 for each of the two personal seat licenses. He will still need to plunk down another $7,000 each annually for the season tickets themselves, which come with a private VIP entrance, parking, a full spread of food and drink at a swanky restaurant and access to the field during the game. Although the rights to the next-best seats in the 82,000-seat stadium sold for roughly a third what Findel paid, the bragging rights of having the best seats in the house come with a premium, said Findel, who contends, if anything, he underpaid. "I am amazed in the interest since I purchased them - how many people want to buy them for more than I purchased them for," he said. The current economic climate may have been hard on his industry, but Findel said that was all the more reason to buy the seats now, he said. "Although part of the mortgage business is in turmoil, this is an opportunity to invest in my business - and to further demonstrate our loyalty to the New York Jets," he said. A Brooklyn native, Findel said when he first started going to Jets games at Shea Stadium, he could afford only the nosebleed seats. "It is always easy to be a fan of a Super Bowl-winning team," he said. "But a real fan cheers for his team even when they haven't made it to the Super Bowl in 40 years." jeremy.olshan@nypost.com http://www.nypost.com/seven/10282008/news/regionalnews/jets_high_flier_135650.htm
The NFL is going to have a very interesting set of straits to cross over the next couple of years. There really isn't going to be a lot of money out there for stuff like this and the negotiations with the players after next season are going to be really brutal. The league's economic patterns were established in good to very good times and we've seen the last of those for probably a decade at this point, maybe longer.
