Kirby Jackson Posted March 26 Share Posted March 26 2 hours ago, TheFunPolice said: dumb question maybe, but does this mean 20K per seat, just for the right to then buy the seats? So 2 season tickets means 40K fee just to buy the tickets on top of that? Is it one-time? It is. You can pay it interest free over like 18 months or finance it over 10 years (at least I think it’s 10). Quote Link to comment Share on other sites More sharing options...
Just Jack Posted March 26 Share Posted March 26 33 minutes ago, RiotAct said: M&T Bank Fidelis Care Delta Sonic New Era Fischer Price Ted’s Hot Dogs Babcia’s Pierogies Anderson’s Custard Catholic Diocese Kalieda West Herr Anchor Bar Duffs 1 Quote Link to comment Share on other sites More sharing options...
mrags Posted March 26 Share Posted March 26 24 minutes ago, Just Jack said: Kalieda West Herr Anchor Bar Duffs Ingram micro wegmams Blue cross Tops citi group Delaware north Dupont Ellicot group General Mills Geico Ford Gm Keybank HSBC Labatt Brewing Mighty Taco Moog Rich Perrys Republic Steel Seneca Gaming Literally like ever single laser eye care company currently has suites now. and these are just the known names of companies that either do now or very easily could afford the crazy PSL prices in the new stadium. Then theres dozens of small unknown business that are there. I personally know 2 businesses that have suites. I’d almost guarantee nobody has ever heard of them unless you’ve don’t business with them. I know dozens of realtors that currently have expensive club seats that are planning clubs in the new stadium. people that don’t even think that small companies that have the money to buy some of these seats are delusional. 1 1 Quote Link to comment Share on other sites More sharing options...
JakeFrommStateFarm Posted March 26 Share Posted March 26 On 3/23/2024 at 6:47 AM, Spiderweb said: 20K to 50K for the better seats so far. I know these are the way of life for quite some time but I can't help but to feel these are the ultimate slap in the face. Billionaires come to taxpayers to fund much of their stadiums, then insult them and make them pay huge sums just to have the right to buy season tickets. How can this be ? I keep reading on this board that Pegula is the billionaire with a heart of gold. Clearly there is some serious misinformation going around!! 2 Quote Link to comment Share on other sites More sharing options...
strive_for_five_guy Posted March 26 Share Posted March 26 What’s next, Peacock going to charge a Personal Viewing License too??? Quote Link to comment Share on other sites More sharing options...
WotAGuy Posted March 26 Share Posted March 26 1 hour ago, AlCowlingsTaxiService said: Apparently one of the more prominent funeral home owners decided against it, and I’m sure they’re not going to be the only ones Those people are dead to me. 1 7 2 Quote Link to comment Share on other sites More sharing options...
Just Jack Posted March 27 Share Posted March 27 2 hours ago, mrags said: I know dozens of realtors that currently have expensive club seats that are planning clubs in the new stadium. Their new ad campaign… ”Buy a house, be entered in a drawing for Bills tickets.” 1 Quote Link to comment Share on other sites More sharing options...
4th&long Posted March 27 Share Posted March 27 Pagulas are known to overplay their hand. It’s their business model. They are going to be embarrassed. This isn’t LA. 1 Quote Link to comment Share on other sites More sharing options...
BullBuchanan Posted March 27 Share Posted March 27 5 minutes ago, 4th&long said: Pagulas are known to overplay their hand. It’s their business model. They are going to be embarrassed. This isn’t LA. No, no they won't. Did you forget about Toronto which is bigger, more affluent, and more sports inclined than LA? As long as the team keeps winning, they won't have any problem selling out. It will just be different people in the stands. 1 Quote Link to comment Share on other sites More sharing options...
DasNootz Posted March 27 Share Posted March 27 CPA question - is the PSL deductible for a business… or is the purchase price just the cost basis for when it’s sold later? 1 Quote Link to comment Share on other sites More sharing options...
papazoid Posted March 27 Share Posted March 27 (edited) initial cost estimate of new stadium $1.4 Billion current cost estimate of new stadium $1.7 Billion likely final cost estimate of new stadium $2.0 Billion NY State Contribution $600 million (not part of "construction costs" is an additional $280 million for maintenance over 30 years) NFL & Bills Contribution $550 million (Pegula's portion is $350 million) Erie County Contribution $250 million SUB TOTAL Contribution $1.4 Billion Pegulas are responsible for any and all cost over runs....currently at $300 million and rising. Projected to raise $200 million in PSL's so, if you factor in cost over runs....i say he will contribute $800 million or 40% Edited March 27 by papazoid 1 Quote Link to comment Share on other sites More sharing options...
Einstein Posted March 27 Share Posted March 27 18 minutes ago, papazoid said: initial cost estimate of new stadium $1.4 Billion current cost estimate of new stadium $1.7 Billion likely final cost estimate of new stadium $2.0 Billion NY State Contribution $600 million (not part of "construction costs" is an additional $280 million for maintenance over 30 years) NFL & Bills Contribution $550 million Erie County Contribution $250 million SUB TOTAL Contribution $1.4 Billion Pegulas are responsible for any and all cost over runs....currently at $300 million and rising. Projected to raise $200 million in PSL's So they’ll end up paying 5 to 10% of the stadium cost? Quote Link to comment Share on other sites More sharing options...
papazoid Posted March 27 Share Posted March 27 (edited) 6 minutes ago, Einstein said: So they’ll end up paying 5 to 10% of the stadium cost? i edited my post.....Pegula's portion of the "NFL & Bills" $550 mil is $350 mil Edited March 27 by papazoid Quote Link to comment Share on other sites More sharing options...
Einstein Posted March 27 Share Posted March 27 https://www.wgrz.com/article/sports/nfl/bills/season-ticket-holder-shocked-at-400000-price-tag-to-keep-seats-at-the-new-bills-stadium-money-nfl-mafia/71-fc3661ab-73ac-4fb7-917e-eb0cd386e5bc?fbclid=IwAR3jwFi_bjXlXA6-UCrdB0mLSkc2b1q92C6dBzc85a2uT-TYj5MNuzHogKA_aem_Ac-h4ndNB2H8JGvfP81yXDyLZw7StOY6Z-wvccS-FXZGZmxhxPTjrihTIIuKT6PCOlY#lu957j46vme6dsky5t 1 Quote Link to comment Share on other sites More sharing options...
BarleyNY Posted March 27 Share Posted March 27 (edited) On 3/25/2024 at 7:52 PM, BigDingus said: What happens if you buy the PSL but don't buy season tickets? I never understood why you need to pay for the right to pay for something else. It's the dumbest scam in the sports world, and it's shame that so many fans proved to owners this works. Hopefully it fails miserably in Buffalo, and PSL prices will be significantly reduced. But if that happens, all the people who paid the $15k - $50k for their PSLs will be losing out huge in their investment. Wish the state money used to fund the stadium came with the stipulation that ownership could not charge for PSLs, otherwise they would have to reimburse the taxpayer funding. If a person owning a PSL does not buy the season tickets they forfeit their PSL license. The team is then able to sell the PSL again. In the interim the team can sell the individual game tickets through their regular channels. PSL holders do have the option to sell their PSL to someone else at whatever price they can get for it. However, what tends to happen is that a large number of PSLs become available when a team goes through a multiple season losing streak. The PSL for less desirable seats don’t sell for much - or at all - and the holders have to decide between continuing to buy season tickets for a bad team or simply giving up their PSL for nothing or next to nothing. Edited March 27 by BarleyNY Quote Link to comment Share on other sites More sharing options...
mrags Posted March 27 Share Posted March 27 57 minutes ago, Just Jack said: Their new ad campaign… ”Buy a house, be entered in a drawing for Bills tickets.” I know at least realtors that have 2-4 tickets and they give 2 away or take clients to every single game Quote Link to comment Share on other sites More sharing options...
strive_for_five_guy Posted March 27 Share Posted March 27 To make sure I’m clear, a PSL becomes a personal asset, correct? So if one decides to spend the money, it is sellable someday, if one also chooses? And the value could potentially increase? 1 Quote Link to comment Share on other sites More sharing options...
Just Jack Posted March 27 Share Posted March 27 23 minutes ago, BarleyNY said: PSL holders do have the option to sell their PSL to someone else at whatever price they can get for it. However, what tends to happen is that a large number of PSLs become available when a team goes through a multiple season losing streak. The PSL for less desirable seats don’t sell for much - or at all - and the holders have to decide between continuing to buy season tickets for a bad team or simply giving up their PSL for nothing or next to nothing. Here's some for the Jets, lower/100 level, for under $2K a seat... New York Jets PSL Marketplace | Buy & Sell Jets Seat Licenses (pslsource.com) 7 minutes ago, strive_for_five_guy said: To make sure I’m clear, a PSL becomes a personal asset, correct? So if one decides to spend the money, it is sellable someday, if one also chooses? And the value could potentially increase? Or it could decrease. 18 minutes ago, mrags said: I know at least realtors that have 2-4 tickets, and they give 2 away or take clients to every single game. I happen to know someone that knows someone that works for FedEx in the Philly area and has access to their Eagles season tickets. He has multiple seats in multiple areas in the stadium. He was telling me even though he gives the tickets to his clients, the clients don't always use them. The seats he uses are in one of their club areas, because from there he can see the other seats/tickets he's given out and make notes on which clients actually come out to a game. 2 Quote Link to comment Share on other sites More sharing options...
Einstein Posted March 27 Share Posted March 27 36 minutes ago, BarleyNY said: what tends to happen is that a large number of PSLs become available when a team goes through a multiple season losing streak. The PSL for less desirable seats don’t sell for much - or at all - and the holders have to decide between continuing to buy season tickets for a bad team or simply giving up their PSL for nothing or next to nothing. Exactly right. Imagine the resale value of a PSL during the drought. Would be lucky to get a basket of chicken wings for them. 1 Quote Link to comment Share on other sites More sharing options...
Captain Hindsight Posted March 27 Share Posted March 27 4 minutes ago, Einstein said: Exactly right. Imagine the resale value of a PSL during the drought. Would be lucky to get a basket of chicken wings for them. I remember buying tickets for 5 bucks in college in the lower bowl 1 Quote Link to comment Share on other sites More sharing options...
BarleyNY Posted March 27 Share Posted March 27 (edited) 49 minutes ago, strive_for_five_guy said: To make sure I’m clear, a PSL becomes a personal asset, correct? So if one decides to spend the money, it is sellable someday, if one also chooses? And the value could potentially increase? It’s an asset that would require the holder to buy season tickets every season. That’s a big caveat. Look around and see how many are on the market for more than what they originally sold for. Not many people choose to sell their PSLs during good times. A glut of available PSLs would happen during a prolonged bad run though. edited to add: I’ll guarantee that the team will charge a fee for and/or take a cut of any PSL transfer transactions Edited March 27 by BarleyNY Quote Link to comment Share on other sites More sharing options...
strive_for_five_guy Posted March 27 Share Posted March 27 Just now, BarleyNY said: It’s an asset that would require the holder to buy season tickets every season. That’s a big caveat. Look around and see how many are on the market for more than what they originally sold for. Not many people choose to sell their PSLs during good times. A glut of available PSLs would happen during a prolonged bad run though. So if I want a good deal on a PSL, wait until they suck again… 1 Quote Link to comment Share on other sites More sharing options...
BarleyNY Posted March 27 Share Posted March 27 1 minute ago, strive_for_five_guy said: So if I want a good deal on a PSL, wait until they suck again… exactly Quote Link to comment Share on other sites More sharing options...
Just Jack Posted March 27 Share Posted March 27 20 minutes ago, strive_for_five_guy said: So if I want a good deal on a PSL, wait until they suck again… Which will be [looks up when Josh's contract ends] 2029. Quote Link to comment Share on other sites More sharing options...
Buffalo Super Fan Posted March 27 Share Posted March 27 (edited) Terry Pegula deserves a highway bill board like Ralph Wilson days when he refused to fire someone. Because of the sky high PSL prices and the Buffalo Sabres playoff drought. Save Bills Mafia seats in the new Buffalo Bills stadium with lower PSL prices along with more seating flexibility and save NHL hockey in Buffalo. Fire Don Granato and Kevyn Adams should be the new Highway billboard sign. It’s well past the giving Terry Pegula passes time put the Highway billboard up to embarrass Terry Pegula in my opinion. Go Bills! Go Sabres! Let’s Go Buffalo Edited March 27 by Buffalo Super Fan 2 Quote Link to comment Share on other sites More sharing options...
strive_for_five_guy Posted March 27 Share Posted March 27 2 minutes ago, Just Jack said: Which will be [looks up when Josh's contract ends] 2029. Maybe Kenny Pickett will be available then??? 😃 1 Quote Link to comment Share on other sites More sharing options...
mrags Posted March 27 Share Posted March 27 9 minutes ago, Just Jack said: Which will be [looks up when Josh's contract ends] 2029. So what you’re saying is I should sell my PSL in 2028? Quote Link to comment Share on other sites More sharing options...
Just Jack Posted March 27 Share Posted March 27 2 minutes ago, mrags said: So what you’re saying is I should sell my PSL in 2028? Late Feb 2029, after our third SB win, and before Josh announces his retirement. 1 Quote Link to comment Share on other sites More sharing options...
mrags Posted March 27 Share Posted March 27 Just now, Just Jack said: Late Feb 2029, after our third SB win, and before Josh announces his retirement. Only playing for 11 years? I feel jipped. And guys like Brady and Rogers never retire Quote Link to comment Share on other sites More sharing options...
Just Jack Posted March 27 Share Posted March 27 Just now, mrags said: Only playing for 11 years? I feel jipped. And guys like Brady and Rogers never retire Well, those guys are the extreme, one likes to follow a very healthy lifestyle, and the other likes to sit in the dark. Josh is just a normal player. Quote Link to comment Share on other sites More sharing options...
Jauronimo Posted March 27 Share Posted March 27 On 3/25/2024 at 7:09 PM, buffblue said: They were discussing the PSL issue on WGR this morning and (for what it's worth) said that the absolute highest price (club or otherwise) for the Vikings was 9k. That was back in 2018 with a building that is probably going to be considered far superior to our new digs. I know building costs are insane now but that was a mere 6 years ago when the Vikings palace checked in at 1.1 billion. Still a bit shocking that ANY seats could be in the 20-50k range for a stadium in Buffalo that is not exactly going to be the Taj Mahal. $50k gets you the right to buy a seat right on uncle Terry's lap. 1 Quote Link to comment Share on other sites More sharing options...
Jauronimo Posted March 27 Share Posted March 27 2 hours ago, 4th&long said: Pagulas are known to overplay their hand. It’s their business model. They are going to be embarrassed. This isn’t LA. Terry sold his natural gas holdings at peak market and netted billions. Royal Shell, a fairly sophisticated buyer, paid close to $5 billion for those interests. A little over 2 years later Shell took a $2 billion impairment on those assets. 10 years later they divested all of it for $550 million. Depletion is a thing but I don't think thats the whole story. 1 Quote Link to comment Share on other sites More sharing options...
Boatdrinks Posted March 27 Share Posted March 27 9 hours ago, lookylookyherecomescookie said: After all the pros, all the cons, all the explanations, all the reasons, at the end of the day there will be some people who end up taking out 10 year loans at 10%, to be able to then buy tickets to go to a football game. I am not disparaging these people, everyone has the right to make their own economic decisions. I am saddened that such a situation has become normalized. There will be some who do ( I would not ), but I’m not saddened by it. Folks can decide for themselves what they are willing to pay for entertainment, such as attending professional sports events. That includes how to pay for it, and perhaps that type of loan will work for them. 1 hour ago, strive_for_five_guy said: So if I want a good deal on a PSL, wait until they suck again… Buy low, sell high. Quote Link to comment Share on other sites More sharing options...
oldmanfan Posted March 27 Share Posted March 27 The high PSL price for premium seats is to be expected. We’ll have to see what more “normal” sears will be but I doubt they’ll be so extreme as to price folks out. I grew up in Tonawanda and am well aware that WNY is historically and proudly blue collar. And while I understand folks yelling about these PSLs, here’s what I see when I visit. When I come back, the restaurant parking lots are full. Strip mall parking lots are full. I’ve been to Bandit games and the place is packed. So from what I can see, there is disposable income in the area, and folks will decide whether they want to use that disposable income on the Bills. My guess is many will. Maybe you’ll split one with a friend. And no doubt there will be a larger secondary market for seats for individual games. But Bills fans will fill the new place, no question. Quote Link to comment Share on other sites More sharing options...
Just Jack Posted March 27 Share Posted March 27 (edited) 5 hours ago, Boatdrinks said: There will be some who do ( I would not ), but I’m not saddened by it. Folks can decide for themselves what they are willing to pay for entertainment, such as attending professional sports events. That includes how to pay for it, and perhaps that type of loan will work for them. For example, Steve Martin and Martin Short tour came through my city last year and the wife and I definitely would have gone seen them, but tickets were very expensive. The very last row in the upper balcony, which is about the farthest from the stage you can get and always cheapest, was still over $80/seat. We opted not to go. Where we would normally sit was over $150/seat. And these are direct from the venue prices, not the secondary market. Edited March 27 by Just Jack Quote Link to comment Share on other sites More sharing options...
BillsPride12 Posted March 27 Share Posted March 27 38 minutes ago, Just Jack said: For example, Steve Martin and Martin Short tour came through my city last year and the wife and I definitely would have gone seen them, but tickets were very expensive. The very last row in the upper balcony, which is about the farthest from the stage you can get and always cheapest, was still over $80/seat. We opted not to go. Where we would normally sit was over $150/seat. And these are direct from the venue prices, not the secondary market. That's the other caveat in all of this....EVERYTHING is insanely expensive right now. So many people are struggling to afford their monthly groceries etc. that it makes it just about impossible to justify paying through the roof to go to a football game. It would be one thing if these prices were going into effect a decade ago but everything is so overpriced right now it makes it easy to cut out going to things like concerts and football games. 2 1 Quote Link to comment Share on other sites More sharing options...
PBF81 Posted March 27 Share Posted March 27 8 hours ago, strive_for_five_guy said: So if I want a good deal on a PSL, wait until they suck again… That's a good deal? 🤔 Quote Link to comment Share on other sites More sharing options...
strive_for_five_guy Posted March 27 Share Posted March 27 2 minutes ago, PBF81 said: That's a good deal? 🤔 Haha right. The pricing of the PSLs ultimately highlights a free market economy. If you want to buy a good product, you’re going to pay more. You want a discount, then you’ll need to wait until the product isn’t as good. Quote Link to comment Share on other sites More sharing options...
PBF81 Posted March 27 Share Posted March 27 5 minutes ago, strive_for_five_guy said: Haha right. The pricing of the PSLs ultimately highlights a free market economy. If you want to buy a good product, you’re going to pay more. You want a discount, then you’ll need to wait until the product isn’t as good. Yeah, indeed. Just being light-hearted of course. Seriously though, everyone's different, but for me, I'm not all that big on going to games where I know we're going to obliterate some hapless team. I prefer the bigger games, like most people. But I'm not willing to pay much for the crappy ones just to "see the team," especially in crap weather. For me, overpaying to see one or two games live is significantly less expensive than getting seasons, and then I have a choice closer to game time. If the weather going to suck I can watch it on TV. I used to have STs, but living out of town I got tired of eating them for games that no one wanted to go to when I didn't go, which was most games. That's when it hit me that it would cost me less to significantly overpay for the game or two I really wanted to see and ditch the stress and time commitment to selling the others. The major league sports business models have also gotten out of hand in the last decade or two. 1 1 Quote Link to comment Share on other sites More sharing options...
BillsPride12 Posted March 27 Share Posted March 27 2 minutes ago, PBF81 said: Yeah, indeed. Just being light-hearted of course. Seriously though, everyone's different, but for me, I'm not all that big on going to games where I know we're going to obliterate some hapless team. I prefer the bigger games, like most people. But I'm not willing to pay much for the crappy ones just to "see the team," especially in crap weather. For me, overpaying to see one or two games live is significantly less expensive than getting seasons, and then I have a choice closer to game time. If the weather going to suck I can watch it on TV. I used to have STs, but living out of town I got tired of eating them for games that no one wanted to go to when I didn't go, which was most games. That's when it hit me that it would cost me less to significantly overpay for the game or two I really wanted to see and ditch the stress and time commitment to selling the others. The major league sports business models have also gotten out of hand in the last decade or two. Yup I remember when being a sports fan was blue collar entertainment but it has drastically shifted to being an Elitist hobby. All while the actual product has gone downhill. 1 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.