CHARGER FANS BEWARE!!!

As 2020 approaches, Chargers will began play with the Rams in Inglewood charger fans are excited. They want to be a part of this experience. They don't want to be left out of everything the new shiny toy has to offer. The NFL counts on this and exploits it in what is called a PSL.

 This morning the Chargers released the first stage of selling PSL through their marketing company Global Legends Sales. A PSL is reserving the right to a seat in the 70,240 seat venue and 298 mixed acre development in Inglewood. You purchase the PSL THEN you purchase the season tickets (you must purchase season tickets to purchase the PSL) The team released the most expensive and most luxury of the seats today and will release the remaining seats in a couple of months. Since PSL have been getting known to be bad investments the Rams and Chargers have a neaty new name, "Stadium Seat License". The Chargers claim their the 1st team to return the money after a certain amount of time. But are they? Listen to the wording from the teams website,

 FAQ Is the refund guaranteed?

"No. It’s not guaranteed, but it’s the intent of this program to return all monies paid on an SSL in 2068. What’s happening here is we have taken something that has traditionally been a sale and turned it into a refundable deposit. In 50 years, you will have an opportunity to receive a portion, if not all, of your original seat license payment. This is a first for seat license programs in the NFL, and we think it’s good news for fans."

TRANSLATE: We reserve the right to fuck you at anytime we see fit in the future.

 The teams said it has reached these prices after their market research and focus groups provided them with feedback. The 13,000 premium seats will be available starting March 13th.

 500 ALL ACCESS SEATS $75,000 and $350.00 a game so estimate $78,500.00 per season....You'll be located on the 2nd level near the 45 yard line you have access to food, beverages, 2 different clubs, parking and the right to purchase to "NEARLY" all future events but not the Olympics, World Cup, etc.

 2500 VIP SEATS $50,000 and $350.00 a game....Located on the 1st or 2nd level from the 30ish yard lines. Food and beverage, 2 different clubs and the right to "nearly" all future events

10,000  CLUB SEATS $10,000 to $25,000 plus $350.00 a game....Located from 35 yard line to the corners you get 1`club and priority presale to future events. Price fixed for 3 years.

First up to enjoy these new toys? 1.Longest tenured season ticket holders 2. Those on the waiting list who deposited $100.00 3. Open Market

PSL have token over many NFL cities as the public began to realize their was no return on investments in public contributions. So the NFL can avoid those words public investment by funneling money from fans to the bank account of the construction company or entity handling the construction.

 But it isn't that simple. It's a con to be honest.

ST Louis Rams....PSL started in the NFL in 1995 in St. Louis to build the Trans World Dome. 58,000 fans bought PSL between $250.00 and $3000.00. It paid 74 million of the 280 million dollar project. The County of St. Louis still had to pitch in bonds at 24 million dollars a year. The Rams have since left and St. Louis still is paying on the bonds until 2021.

Oakland Raiders....1996 45,000 Raider fans spent between $250.00 and $4000 raised $84 million to the project. The Raiders won 3 season over 20 years as a thank you. Then Al Davis added 10,000 obstructed view seats in the upper deck that the Raiders had to tarp. The Raiders are now In Las Vegas and the Rams are in Inglewood.

 Cincinnati 2000... 42,000 fans bought PSL and raised 25 million. BUT still the County of Hamilton had to pitch in $425 Million to build Paul Brown Stadium.

In Charlotte, every resident paid by taxes $116.00 to Jerry Richardson totalling 87.5 million in public money.

So cities clearly began to say FUCK THAT. Hence now you have PSL. PSL are often very poor investments that lose their value to beneath the original cost very shortly after the facility opens.

The SEC has prohibited NFL teams from using the language "Investment" when selling PSL. But that didn't stop the Chargers on their website "A portion of the seat license payments will be invested with the intention of providing refunds to the fans". KEY WORDS Invested and Intent.

The PSL will sale for the first couple of years to Corp and businesses. The team is seeking the 18 million population and 2,083 large employers in the area where 12 million households make over $100,000.00 a year.

In 201,2 the Vice President of Sales for Global Legends the company that is selling the PSL said, "We don't call them investments because their not, There are people that question what the resale value is? It's unknown?"


Exactly, so just beware folks.