The Jets fan who spent $400,000 for the personal seat licenses to two seats at the 50-yard line at the new Meadowlands revealed himself to the Post, saying, "It's a function of wanting the best, both as a lifelong fan and as a business investment." David Findel, who has a mortgage lending company, will also need to spend another $14,000 a year on the seats 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." And Findel might not ever use the seats himself--he says he got them for his two kids. He also gave a shout out to the housing crisis, "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." more ›

Sports fans are by nature traditionalists. Some older baseball fans still bemoan the day that the American League abandoned convention and invented the designated hitter. The phrase “In my day” leading off a sentence is a signal for the younger fans in the room to prepare themselves for a long lecture about how the game has changed for the worse. In some instances they are most certainly right and in some they are wrong, but one recent invention has drawn the ire of young and old alike: personal seat licenses. more ›

Less than a month ago, the Giants announced they were going to generate revenue by issuing personal seat licenses to season ticket holders. Yesterday, they released the specifics of the plan that will charge $1,000-20,000 per seat. The monies collected will go towards paying debt on the new stadium. And the Giants aren't just selling PSLs, but they're also jacking up the price of the actual ticket too - the most expensive tickets will be $700 at the new stadium versus $115 this coming season. Assuming all the licenses are sold, the Giants will collect about $367 million. The new stadium, which the Giants will share with the Jets, is scheduled to open in 2010. The Jets have yet to reveal their PSL pricing scheme. more ›

While the Jets are polling their season ticket holders about personal seat licenses, the Giants have announced that they're going forward with PSLs for the new shared stadium in the Meadowlands. The licenses will range from $1,000 to $20,000 depending on the seats. Giants co-owner John Mara said that the charge is necessary given construction costs and that the fees will go towards paying for the yet to be named stadium. more ›

Don’t look now Jets’ fans, but it sounds like seats at the new stadium are going to cost more- a lot more. In a survey sent to season ticket holders last week, the Jets asked fans if they would be “interested” in paying prices between $1,200 and $30,000 in order to guarantee their seats. The holder of the seat license could then sell that license at a future date for a possible profit. Sounds like another way to bilk money out of fans and it left us wondering...for that kind of money, will you still be able to act like a drunken idiot? more ›