125 replies to this topic

[Lil Bit Special]

You're going to give that poor account executive a heart attack asking that.

Doesnt need to ask at all. Just needs to read the contract.

[Lil Bit Special]

I'm not sure what anyone thinks they'd be able to get by citing the Jets referring to it as an investment. It would be easy enough for them to defend that position, considering the value of the PSL could potentially increase. In that case, the owner has the freedom to sell the PSL at a profit, if they can find a buyer. Making an investment in no way guarantees any sort of return to ever be seen on that investment. That said, the point can be made that it wasn't a good investment, that's for sh*t sure.

I dont know either what they would do with it since investments arent guaranteed to increase in value.

[Lil Bit Special]

They probably deserve it. The Jets tried to get two payments out of me in one year. I was told I’d get a ½ year payment in March 2010 and the rest in November then each November for 4 years but the March bill was for a full payment.

I called and asked why the guy said since I bought the PSL in December I was a payment behind everyone else and had to catch up. I said very angrily that was other people’s problems and I was told I’d have to pay half along with other choice words.

He was kind enough to waive the first payment, what a wonderful guy, so it wouldn’t shock me if they are lying again even on their own web site.

Sales people lie. In every business. Thats why its important to cut through the bullsh!t and understand the terms of what someone is signing up for. Contracts dont lie.

[JetsFanInDenver]

Can we please stop calling it an investment. When did we start confusing extortion with investment ?

[denden29]

You dont need to go through a boring contract, I already posted the important information. Basically the contract states that:

A) If you dont pay, they will demand payment in full on default.

B- It doesnt matter what is written or said elsewhere, the contract sets the terms of the PSL.








I'll even give you the relevant sections:

Section 9- Defaults
and
Section 11 - Miscellaneous- Part 3

No a verbal agreement is just as binding as a written one if an agent of the Jets explains a process and mis-leads you into signing an agreement, that agreement can be considered signed under duress or not in good faith by one party.

Written/signed documents get thrown out as invalid all the time so even if it says it in the contract doesn’t always make it binding, although people should never trust the Jets.

You could argue this and win or lose. That fact it is on their web-site could also void any particular clause in the contract language.

But I will take a look at the clause you are referencing and see if I can get it clarified.

[Bleedin Green]

Can we please stop calling it an investment. When did we start confusing extortion with investment ?

Someone being foolish enough to shell out the money for that nonsensical "purchase" doesn't qualify it as extortion. There was absolutely nothing forcing anyone into doing that. I got countless calls from the Jets trying to sell me that crap and each time I was sure to let them know where they could stick those PSLs. Wasn't exactly the most difficult thing in the world to do.

[Bleedin Green]

No a verbal agreement is just as binding as a written one if an agent of the Jets explains a process and mis-leads you into signing an agreement, that agreement can be considered signed under duress or not in good faith by one party.

Written/signed documents get thrown out as invalid all the time so even if it says it in the contract doesn’t always make it binding, although people should never trust the Jets.

You could argue this and win or lose. That fact it is on their web-site could also void any particular clause in the contract language.

But I will take a look at the clause you are referencing and see if I can get it clarified.

You may be right, but given that there's a written agreement with your signature on it, the burden of proof would be on you to prove you were misled and that it was not what you agreed to.

[JetsFanInDenver]

Someone being foolish enough to shell out the money for that nonsensical "purchase" doesn't qualify it as extortion. There was absolutely nothing forcing anyone into doing that. I got countless calls from the Jets trying to sell me that crap and each time I was sure to let them know where they could stick those PSLs. Wasn't exactly the most difficult thing in the world to do.

Just because you were resolute enough not to fall for it does not mean it wasn't extortion. That's what it is when you really look at it.

[denden29]

You may be right, but given that there's a written agreement with your signature on it, the burden of proof would be on you to prove you were misled and that it was not what you agreed to.

Very true I have my contract somewhere and will try and find out what it says. The referenced web-site could be correct and it certainly could cause problems for those who signed it, even unknowingly, if the total cost falls on them.

The bottom line here it the Jets are only interested in sticking it to their fans maybe if they treated the fans better they won't have a problem selling anything.

[BleedGreen314]

Very true I have my contract somewhere and will try and find out what it says. The referenced web-site could be correct and it certainly could cause problems for those who signed it, even unknowingly, if the total cost falls on them.

The bottom line here it the Jets are only interested in sticking it to their fans maybe if they treated the fans better they won't have a problem selling anything.

Should be really interesting hearing the details of your convo. Dont forget that in New Jersey you can record your call without disclosing it.

[ECURB]

I would never give up my seats.

[peebag]

I would never give up my seats.

Me neither...my couch is comfy!!!

[Bugg]

So you're going to throw the money you already spent down the toilet? Why? Wait a few years till the team is better and you'll get your money back.

Or throw more money down the drain, while I can buy the same or bette tickets on stubhuib for less if I choose and then not pay a PSL. Besides Woody puts all the good games on holidays.

Edited by Bugg, 07 January 2013 - 09:27 PM.

[jgb]

So you're going to throw the money you already spent down the toilet? Why? Wait a few years till the team is better and you'll get your money back.

time value of money is a fascinating subject

[unbanmadmike1]

time value of money is a fascinating subject

Not in this case when you're selling an asset for 20-30 cents on the dollar.

[jgb]

Not in this case when you're selling an asset for 20-30 cents on the dollar.

you're forgetting the $3,000/year to buy tickets, parking, beer, $6 hot dogs

[unbanmadmike1]

you're forgetting the $3,000/year to buy tickets, parking, beer, $6 hot dogs

You knew all that when you bought the PSL.

[SayNoToDMC]

Lets get the smartest lawyer out there and class action this sh*t.

[jgb]

You knew all that when you bought the PSL.

yes, to be entertained. clinging to some false mantle of an "investment" is illogical. you have to spend $3,000 more a year to wait for the PSL to increase in value a few grand (assuming it does)? if you're not entertained any longer due to the product on the field explain how that is rational economic behavior.

[rowonejetfan]

Jets did not lie. The PSL reps Jets hired were hired guns. Most were professional PSL/Seasonticket salespeople paid mainly on commission.

For fun the few reps I delt with I punched their names into linkedin and guess what you see multiple teams this folks work for, they jump around stadium to stadium selling seats. Some are now at Barclays, Knicks, Nets, Islanders, any team that has seats to sell.

Jets are lousy at ticket sales. They for 45 years had stadium sold out and had a waiting list. They never sold a seat. They had folks coming to them.

The PSL repos would do anything verbally to get you to buy a seat. Pretty young girls, friendly smooth talking guys.

But really near me the average PSL holder is a middle aged man who has had Jets seats for many many years knows the market and is pretty financially astute.

If a young 23 year old blonde got them to buy a pair of mezz A psl seats for 8K cause she threw in free parking and complimented him so be it. Same way, timeshares, vacation homes, BMWs are sold.