papazoid Posted April 20 Share Posted April 20 if the new stadium seats 63k and they hold back 10% for individual sale. that leaves 57k for PSL & STH one way or another....they are selling out all 57k 2 Quote Link to comment Share on other sites More sharing options...
Rochesterfan Posted April 20 Share Posted April 20 2 minutes ago, papazoid said: PSL's are expected to raise $100-200 million the cost over runs of the new stadium are already $300 mil and likely rising to as much as $600 mil or more irregardless of the PSL success, that doesn't cover the significant cash he needs for the stadium cost over runs And for people complaining about how much NYS covered at 1.4 billion it was 60%, but current costs show it to be running close to 1.7 Billion or a nice 50/50 mix. The final cost is going to end up probably over 2 Billion when done and the Pegula’s covering 60% and over 1 Billion of their own money. The stadium is going to cost them nearly as much as the team did and the PSLs are only covering the initial fraction. This most likely has nothing to do with the PSLs and everything to do with future plans and lack of buyers for other pieces like Sabres, Bandits, Rochester teams and the lack of health of poor Kim - all playing into some decisions that need to be planned for. 2 Quote Link to comment Share on other sites More sharing options...
Einstein Posted April 20 Share Posted April 20 3 minutes ago, papazoid said: PSL's are expected to raise $100-200 million the cost over runs of the new stadium are already $300 mil and likely rising to as much as $600 mil or more irregardless of the PSL success, that doesn't cover the significant cash he needs for the stadium cost over runs It could be part of it, but unless the Bills are run by incredibly inept executives (I don't think they are), then they would have surely had overruns calculated in. This is an internal figure and is typically only surprising to the public (not the company). At no point do you go into a $1.4B project not expecting at least a 20% variance (I believe McKinsey reported a few years back that the average overrun is 25%), which would be nearly $300M budgeted for overruns alone. PSL money is State money with the Bills acting as agents thereof. Its also not taxed. Every dollar the Bills can produce as agents of PSL's reduces their burden toward the stadium by about $1.087. 7 minutes ago, papazoid said: if the new stadium seats 63k and they hold back 10% for individual sale. that leaves 57k for PSL & STH one way or another....they are selling out all 57k No question that they will sell out all of the PSLs. The question is at what price. They are likely using the club seats as a benchmark for the next sections. If these seats are not selling like they hoped, then they are likely now realizing that the prices they will be able to charge for other areas will not be as high as they had hoped. Lower prices -> increase % of sold -> raise capital elsewhere. Quote Link to comment Share on other sites More sharing options...
SDS Posted April 20 Share Posted April 20 5 minutes ago, Rochesterfan said: And for people complaining about how much NYS covered at 1.4 billion it was 60%, but current costs show it to be running close to 1.7 Billion or a nice 50/50 mix. The final cost is going to end up probably over 2 Billion when done and the Pegula’s covering 60% and over 1 Billion of their own money. The stadium is going to cost them nearly as much as the team did and the PSLs are only covering the initial fraction. This most likely has nothing to do with the PSLs and everything to do with future plans and lack of buyers for other pieces like Sabres, Bandits, Rochester teams and the lack of health of poor Kim - all playing into some decisions that need to be planned for. there is no lack of buyers for the Buffalo Sabres. That’s insane. 1 Quote Link to comment Share on other sites More sharing options...
papazoid Posted April 20 Share Posted April 20 4 minutes ago, Einstein said: It could be part of it, but unless the Bills are run by incredibly inept executives (I don't think they are), then they would have surely had overruns calculated in. This is an internal figure and is typically only surprising to the public (not the company). At no point do you go into a $1.4B project not expecting at least a 20% variance (I believe McKinsey reported a few years back that the average overrun is 25%), which would be nearly $300M budgeted for overruns alone. PSL money is State money with the Bills acting as agents thereof. Its also not taxed. Every dollar the Bills can produce as agents of PSL's reduces their burden toward the stadium by about $1.087. "who gave the order?" https://www.msn.com/en-us/money/companies/the-bills-needed-new-york-states-approval-for-their-psl-rollout-but-who-actually-approved-it/ar-BB1lyBtk 1 Quote Link to comment Share on other sites More sharing options...
WotAGuy Posted April 20 Share Posted April 20 55 minutes ago, Einstein said: ….my hypothesis is that this 25% number is actually a bit higher, and that the Bills are using corporate buys to bump that number (with the goal of creating scarcity). We have seen in other stadiums (Jets and Atlanta for example), that the teams have had to lower prices to sell all of the PSL's. I also have an hypothesis: @Einstein is the guy that bathed in the portapotty and fell into the pit. He now has a vendetta against the new stadium and the Bills. 1 Quote Link to comment Share on other sites More sharing options...
LabattBlue Posted April 20 Share Posted April 20 2 hours ago, eball said: Certainly not in your case. 😉 It really is a shame that you have to explain something that is so plainly obvious…but thanks. Ouch. Got me there. You win superfan. Quote Link to comment Share on other sites More sharing options...
DieHardFan Posted April 20 Share Posted April 20 3 hours ago, SDS said: Is there any evidence that the PSL‘s are selling poorly? Heresay (which seems to pass as 'evidence' in this topic) posted in a FB group discussion on the subject a day ago: Quote Link to comment Share on other sites More sharing options...
BillsPride12 Posted April 20 Share Posted April 20 2 minutes ago, DieHardFan said: Heresay (which seems to pass as 'evidence' in this topic) posted in a FB group discussion on the subject a day ago: I'm sure they just offered her different seats, and they didn't knock off 10K from their original East Club seats. But that's not how she wrote her post and that's what creates confusion and chaos in the social media world Quote Link to comment Share on other sites More sharing options...
yall Posted April 20 Share Posted April 20 Anyone else looking at the field level club? I have an opportunity to split a pair of seats with a friend. I didn't get to do the stadium experience and the 15k PSL is a little much but it looks pretty sweet and I'm pretty sure I'm going to pull the trigger. Just curious if anyone else saw them and had an opinion one way or the other. Quote Link to comment Share on other sites More sharing options...
Bob Lamb Posted April 20 Share Posted April 20 18 hours ago, Mike in Horseheads said: I don't think anyone has proof if PSL's are selling poorly. The Bills would not announce anything anyway. Quote Link to comment Share on other sites More sharing options...
Kirby Jackson Posted April 20 Share Posted April 20 27 minutes ago, yall said: Anyone else looking at the field level club? I have an opportunity to split a pair of seats with a friend. I didn't get to do the stadium experience and the 15k PSL is a little much but it looks pretty sweet and I'm pretty sure I'm going to pull the trigger. Just curious if anyone else saw them and had an opinion one way or the other. I saw them. They looked pretty sweet. Food and Pepsi products are included so that’s a nice bonus. You can’t see the field from inside of the club which is different from the other 2 club areas but still looks like a great area. The team (not sure if it’s one or both) come out from the locker room right in front of the club. That’s a nice touch too. It’s like that in Vegas (I think) too. 1 Quote Link to comment Share on other sites More sharing options...
Bob Lamb Posted April 20 Share Posted April 20 On 4/17/2024 at 6:25 PM, SDS said: I have the possibility of splitting a pair of club seats with a family member who currently has a pair of clubs. In their meeting they were quoted 15 K per seat. Is there any advice you guys may have? Just in case you and your partner are not going to use all the tickets yourself - see what the Sabres are doing to ticket resellers. Just looking down the road. https://www.sportsbusinessjournal.com/Articles/2024/03/11/buffalo-sabres-season-ticket-reselling-crack-down#:~:text=have notified season tic Quote Link to comment Share on other sites More sharing options...
Mike in Horseheads Posted April 20 Share Posted April 20 9 minutes ago, Bob Lamb said: The Bills would not announce anything anyway. Always good to see you Bob! Quote Link to comment Share on other sites More sharing options...
Kirby Jackson Posted April 20 Share Posted April 20 18 hours ago, Mike in Horseheads said: I don't think anyone has proof if PSL's are selling poorly. 11 minutes ago, Bob Lamb said: The Bills would not announce anything anyway. The only thing that we know definitively is that they sold out of the $50K PSLs. There were 450 of them. I think that they were calling it the Legend’s Club. Everything else is speculation. 3 Quote Link to comment Share on other sites More sharing options...
yall Posted April 20 Share Posted April 20 Just now, Kirby Jackson said: The only thing that we know definitively is that they sold out of the $50K PSLs. There were 450 of them. I think that they were calling it the Legend’s Club. Everything else is speculation. I heard this as well. As of Thursday evening there were 2 left in the legends club. I'm guessing they didn't last long. 6 minutes ago, Bob Lamb said: Just in case you and your partner are not going to use all the tickets yourself - see what the Sabres are doing to ticket resellers. Just looking down the road. https://www.sportsbusinessjournal.com/Articles/2024/03/11/buffalo-sabres-season-ticket-reselling-crack-down#:~:text=have notified season tic I really wouldn't worry too much about that. This is the Sabres using a state law to their advantage to crack down on people who buy tickets for the sole purpose of reselling them. 2 Quote Link to comment Share on other sites More sharing options...
Just Jack Posted April 20 Share Posted April 20 On 4/18/2024 at 10:16 PM, mrags said: Another way to look at it was a new tech that nobody has really really tried yet. If it worked we wouldn’t be complaining about it. From what I hear from people is they preferred those to what we have now. But I’m guessing that’s all opinion. There was another company when it came time to replace the field in the early 2000's, that was either new to the business, or it was their first NFL field, that the Bills got it cheaper than other established companies, and now they also are out of business. 12 minutes ago, Kirby Jackson said: I saw them. They looked pretty sweet. Food and Pepsi products are included so that’s a nice bonus. You can’t see the field from inside of the club which is different from the other 2 club areas but still looks like a great area. The team (not sure if it’s one or both) come out from the locker room right in front of the club. That’s a nice touch too. It’s like that in Vegas (I think) too. Dallas is another stadium that does this. 1 Quote Link to comment Share on other sites More sharing options...
Bob Lamb Posted April 20 Share Posted April 20 On 4/18/2024 at 8:55 AM, PromoTheRobot said: I want heat so badly. I wonder if any will be left by the time they get to me. I seem to recall the previous attempt at heated seats did not end up so well In 1999 crews completed a seven-month stadium overhaul that included constructing 76 brand-new dugout suites and two new enclosed club sections each containing 500 seats. Fans in the dugout suites watch the action just 40 rows from the field. In addition, the Bills replaced 6,800 seats in the sideline club sections with revolutionary contoured heated seats, the first of their kind in North America. After a couple of seasons - the system faltered due to global warming (Ooops - I meant weather) Quote Link to comment Share on other sites More sharing options...
PromoTheRobot Posted April 20 Share Posted April 20 (edited) 6 minutes ago, Bob Lamb said: I seem to recall the previous attempt at heated seats did not end up so well In 1999 crews completed a seven-month stadium overhaul that included constructing 76 brand-new dugout suites and two new enclosed club sections each containing 500 seats. Fans in the dugout suites watch the action just 40 rows from the field. In addition, the Bills replaced 6,800 seats in the sideline club sections with revolutionary contoured heated seats, the first of their kind in North America. After a couple of seasons - the system faltered due to global warming (Ooops - I meant weather) I'm fine with fry lamps overhead. Edited April 20 by PromoTheRobot 2 Quote Link to comment Share on other sites More sharing options...
Bob Lamb Posted April 20 Share Posted April 20 8 minutes ago, yall said: I heard this as well. As of Thursday evening there were 2 left in the legends club. I'm guessing they didn't last long. I really wouldn't worry too much about that. This is the Sabres using a state law to their advantage to crack down on people who buy tickets for the sole purpose of reselling them. Camel's nose under the tent - there is no end to the NFL's greed Quote Link to comment Share on other sites More sharing options...
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