joewilly12 Posted March 17, 2018 Share Posted March 17, 2018 Dom Cosentino Today 5:34pm Filed to: LOLJETS 22.5K 493 Photo: Rich Barnes (Getty Images) Personal seat licenses are a racket, and a common feature in NFL stadiums. PSLs were instituted across much of the league when the new stadium boom took off at the dawn of this century. They allow teams to offset construction and financing costs by forcing fans into paying a fee just for the right to purchase their season tickets. The conceit for fans is that the licenses belong to them, so they can be sold for whatever price another person might be willing to pay. A class-action lawsuit filed this morning in Bergen County (N.J.) Superior Court alleges that the New York Jets effectively nuked the value of some fans’ PSLs by offering to sell seats without a license in sections of the stadium that previously required them. The suit accuses the Jets and their affiliated stadium-development company of “an unconscionable commercial practice” by undermining “the fundamental benefit underlying the PSL transaction.” For years, the Jets have required fans to purchase PSLs in the lower (100) and mezzanine (200) levels in order to acquire season tickets. James T. Gengo of Trumbull, Conn., says in the suit that he purchased two mezzanine-level season tickets at the new Meadowlands in August 2010, in advance of the team’s first season there. Those 200-level seats required the purchase of a PSL at $4,000 a pop, which meant Gengo had to shell out $8,000 before he even paid for any of his tickets. To complete the purchase, Gengo financed that amount at 8 percent interest across 15 years. In January of this year, per the suit, the Jets informed Gengo that season tickets in his section would be for sale to the public without a PSL. This opportunity is great for fans who might want to buy mezzanine-level Jets season tickets without having to cough up the dough for PSLs, but the move makes Gengo’s licenses effectively worthless. The Jets stopped requiring PSLs in the end zone areas of the mezzanine level to boost sales. The team did dangle a sweetener to ticketholders in the mezzanine level by offering an upgrade to the lower level at no additional PSL cost. Additionally, the Jets have reduced mezzanine-level ticket prices from $130 to $95 for 2018, and the lower-level tickets can now be had for $115. Fans with PSLs still have the option to renew or transfer their season tickets, rights the team does not grant to fans without PSLs. A Jets spokesperson declined to comment. The suit estimates that more than 1,000 people who purchased 200-level seats with the PSL requirement before Jan. 1, 2018, may be affected. It accuses the Jets of one count each of breach of implied covenant of good faith and fair dealing, violations of the New Jersey Consumer Fraud Act, and violations of the Truth-in-Consumer Contract, Warranty And Notice Act. Gengo and the class plaintiffs seek a rescission of their PSL agreements, including the price paid for the PSLs, plus interest and attorneys fees. The suit can be found below. Link to comment Share on other sites More sharing options...
Flushing Roots Posted March 17, 2018 Share Posted March 17, 2018 Unless I am missing something, I think they have a good case. Link to comment Share on other sites More sharing options...
Beerfish Posted March 17, 2018 Share Posted March 17, 2018 The sheer concept of psl's (as a person who has never had to deal with them) is imo a laughable scam. Link to comment Share on other sites More sharing options...
joewilly12 Posted March 17, 2018 Author Share Posted March 17, 2018 5 minutes ago, Flushing Roots said: Unless I am missing something, I think they have a good case. BleacherReport.com you can read the 18 page court documents I cant copy and paste them. I hope they beat the pants off Woody Johnson and the organization in regards to this PSL bullsh*t cost me my season tickets. Link to comment Share on other sites More sharing options...
The Crimson King Posted March 17, 2018 Share Posted March 17, 2018 Huge round of applause for whoever started this Getting the $$$ that I wasted on a Mezz EZ PSL would be an absolution of a huge mistake I regret in a major way. Link to comment Share on other sites More sharing options...
Patriot Killa Posted March 17, 2018 Share Posted March 17, 2018 I think this is hilariously overdue for what we have been watching the past 7 years. GARBAGE. Get y’all money back is what I say. Put some pressure on these fools to put together a decent F-n’ team and some act right on the business side of it. Can’t play your fans on and off the field. Link to comment Share on other sites More sharing options...
jgb Posted March 17, 2018 Share Posted March 17, 2018 Imagine if Woody unwittingly killed the unconscionable PSL racket. That would be one silver lining of his tenure I guess. Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 1. If Mr. Johnson needs me to testify on behalf of the defense I will do so with pleasure. As one of the 200-level persons mentioned as affected in the lawsuit, I will make it clear that I got every penny of my $16,000's worth, the PSL's were a God-send and finally rid the stadium of the old time dirty fans who sold half their tickets for 4x face value, attended half the games for free, and put their kids through college on the spoils. 2. If by some chance the plaintiff's win the case, I will take that $16,000 and re-invest in the Jets via the purchase of 4 more PSL seats. Woody Johnson is the Abraham Lincoln of the New York Jets Waitlisters who spent 15+ seasons behind less deserving fans who only had rights to their Jets seats because they were born first, not because they could afford them or cared as passionately. The PSL process set us free, finally allowed us to have any seat we wanted so long as we had the means to do so. This lawsuit is outrageous and I hope it gets thrown out of court and the turncoat fans from Connecticut who started the class action lose their seats and are banned from the stadium for their disloyalty. SAR I Link to comment Share on other sites More sharing options...
RSJ Posted March 17, 2018 Share Posted March 17, 2018 I do not agree with the Jets undermining the market by lowering the price - but the PSL does have value. I don’t think this is a good case at all. No one was forced to purchase the PSL and the Jets never guaranteed any future return. As someone who during the 90s owned 300 level seats and wasnt allowed to buy better seats because of the previous no transfer clause I like the concept of PSL. I just think the fluctuation in value can be great, like any sporting event ticket.Sent from my iPhone using JetNation.com mobile app Link to comment Share on other sites More sharing options...
Ghost Posted March 17, 2018 Share Posted March 17, 2018 Season ticket holders, both PSLs and non-PSLs should sue for the horrific product and coaching on the field. Link to comment Share on other sites More sharing options...
dbatesman Posted March 17, 2018 Share Posted March 17, 2018 Buncha ingrates, GO GET EM BIGG MACC Link to comment Share on other sites More sharing options...
NoBowles Posted March 17, 2018 Share Posted March 17, 2018 You have to be a serious sucker to have bought a PSL Link to comment Share on other sites More sharing options...
naturalscience Posted March 17, 2018 Share Posted March 17, 2018 So...you want me to pay, for the right to pay, for tickets to enter the stadium? Well, sure why didn't you say so. While we're at it can I prepay for the line rights to the concession stand? I have a feeling I'll be hungry and thirsty while I'm there. Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 12 minutes ago, NoBowles said: You have to be a serious sucker to have bought a PSL You don't have to worry about how rich people spend their fun money. K? SAR I Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 1 minute ago, naturalscience said: So...you want me to pay, for the right to pay, for tickets to enter the stadium? Well, sure why didn't you say so. While we're at it can I prepay for the line rights to the concession stand? I have a feeling I'll be hungry and thirsty while I'm there. The inverse of the PSL is that the stadium was once full of 78,000 people who would take their $25 tickets, sell them to scalpers for $75 and force waitlisters like me to buy them for $150. And those that didn't bother to sell them? They just gave them away to friends, they were so cheap that it didn't matter at all. The Jets were getting robbed of revenue and very loyal younger fans were banished to the waitlist. It was hell. The PSL fee was a small, small price to pay to get off the waiting list and get into great seats. And the fact that in doing so the people who were squatting in those seats in Giants Stadium for all those years got all butt-hurt? Their cash cow off the backs of diehard Jets fans comes to an end? Best feeling in the world for me. I suffered on the outside looking in for 20 years while they held all the cards. Shoe is on the other foot now. Enjoy. SAR I Link to comment Share on other sites More sharing options...
NoBowles Posted March 17, 2018 Share Posted March 17, 2018 6 minutes ago, SAR I said: You don't have to worry about how rich people spend their fun money. K? SAR I Lol, rich peolpe don’t drive BMW 3 or 4 series. And generally, they don’t refer to themselves as rich. Link to comment Share on other sites More sharing options...
Maxman Posted March 17, 2018 Share Posted March 17, 2018 Anyone know if they are looking to expand this lawsuit and get other PSL holders in on the action? Link to comment Share on other sites More sharing options...
NoBowles Posted March 17, 2018 Share Posted March 17, 2018 Just now, Maxman said: Anyone know if they are looking to expand this lawsuit and get other PSL holders in on the action? Only “non league rich” PSL holders. Link to comment Share on other sites More sharing options...
Maxman Posted March 17, 2018 Share Posted March 17, 2018 1 minute ago, NoBowles said: Only “non league rich” PSL holders. Yeah the rich people who have gone to like 3 games the past two years don't need to be part of this. I will gladly take a refund though. Link to comment Share on other sites More sharing options...
joewilly12 Posted March 17, 2018 Author Share Posted March 17, 2018 1 hour ago, SAR I said: turncoat fans from Connecticut Speaking of which, did you get your NY Giants season tickets and PSL's yet? Link to comment Share on other sites More sharing options...
joewilly12 Posted March 17, 2018 Author Share Posted March 17, 2018 1 hour ago, SAR I said: 1. If Mr. Johnson needs me to testify on behalf of the defense I will do so with pleasure If Woody needs you he's in deep sh*t. Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 9 minutes ago, NoBowles said: Lol, rich peolpe don’t drive BMW 3 or 4 series. And generally, they don’t refer to themselves as rich. It's funny. I hang out with rich people all the time and they drive BMW's and talk about money. Perhaps your cliches belong in the 1990's where you found them. SAR I Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 6 minutes ago, joewilly12 said: Speaking of which, did you get your NY Giants season tickets and PSL's yet? No. Belichick stayed in New England so my plans got scuttled. SAR I Link to comment Share on other sites More sharing options...
Maxman Posted March 17, 2018 Share Posted March 17, 2018 2 minutes ago, SAR I said: It's funny. I hang out with rich people all the time and they drive BMW's and talk about money. Perhaps your cliches belong in the 1990's where you found them. SAR I I hang out with rich people all the time. They talk about charity and helping those in need. I guess at the end of the day it comes down to who you choose to associate with. But these guys have real money. Retired in their 40's, not working like the rest of us. Link to comment Share on other sites More sharing options...
NoBowles Posted March 17, 2018 Share Posted March 17, 2018 2 minutes ago, SAR I said: It's funny. I hang out with rich people all the time and they drive BMW's and talk about money. Perhaps your cliches belong in the 1990's where you found them. SAR I I think you and I have a very different definition of rich, but carry on. Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 12 minutes ago, Maxman said: Anyone know if they are looking to expand this lawsuit and get other PSL holders in on the action? The issue is not widespread in the stadium. It is related to Mezzanine B seats straight behind the goalposts and in the wind-tunnel next to the scoreboard. Due to fans in those lousy sections defaulting on PSL payments, a few thousand seats accumulated over the years and the Jets offered them as good ol' season ticket subscriptions no different than the fans in the upper deck. The Jets have the right to re-sell seats that PSL owners defaulted on in any manner they see fit. They haven't devalued anyone's PSL's in the Mezzanine. They merely are selling open inventory while the team is in a downturn. The original owners of those seats defaulted but they were paid for, just like all the other PSL seats. As soon as the Jets get good again, the people in these non-PSL PSL seats will be asked to pay a PSL or they will be evicted for fans that will. SAR I Link to comment Share on other sites More sharing options...
Maxman Posted March 17, 2018 Share Posted March 17, 2018 Just now, SAR I said: The issue is not widespread in the stadium. It is related to Mezzanine B seats straight behind the goalposts and in the wind-tunnel next to the scoreboard. Due to fans in those lousy sections defaulting on PSL payments, a few thousand seats accumulated over the years and the Jets offered them as good ol' season ticket subscriptions no different than the fans in the upper deck. The Jets have the right to re-sell seats that PSL owners defaulted on in any manner they see fit. They haven't devalued anyone's PSL's in the Mezzanine. They merely are selling open inventory while the team is in a downturn. The original owners of those seats defaulted but they were paid for, just like all the other PSL seats. As soon as the Jets get good again, the people in these non-PSL PSL seats will be asked to pay a PSL or they will be evicted for fans that will. SAR I Thanks for the feedback. If anyone has an actual answer to my question that would be great. Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 5 minutes ago, Maxman said: I hang out with rich people all the time. They talk about charity and helping those in need. I guess at the end of the day it comes down to who you choose to associate with. But these guys have real money. Retired in their 40's, not working like the rest of us. Different degrees of "rich". I don't have a private jet, I'm not worth billions, but apparently I'm rich anyway because I could afford a PSL without it disrupting my lifestyle while others couldn't. Thousands of posts telling me how I got "ripped off" or how I'm some sort of "sucker" because of $16,000 I spent in 2008. I'm pretty sure I took a single vacation in 2008 that cost that much. It's $13 a game over the life of the license. Much ado about nothing. People forget that it only takes 17,000 Jets fans to purchase all the PSL's in the stadium. Do the math, subtract the upper deck seats, work off the average fan owning 3 seats, it's all it takes. 17,000 people in a metropolis of 22 million isn't a lot of fans, folks. We're diehard. We have the money. We're not looking to get it back. We just want the team to improve. SAR I Link to comment Share on other sites More sharing options...
Maxman Posted March 17, 2018 Share Posted March 17, 2018 Just now, SAR I said: Different degrees of "rich". I don't have a private jet, I'm not worth billions, but apparently I'm rich anyway because I could afford a PSL without it disrupting my lifestyle while others couldn't. Thousands of posts telling me how I got "ripped off" or how I'm some sort of "sucker" because of $16,000 I spent in 2008. I'm pretty sure I took a single vacation in 2008 that cost that much. It's $13 a game over the life of the license. Much ado about nothing. People forget that it only takes 17,000 Jets fans to purchase all the PSL's in the stadium. Do the math, subtract the upper deck seats, work off the average fan owning 3 seats, it's all it takes. 17,000 people in a metropolis of 22 million isn't a lot of fans, folks. We're diehard. We have the money. We're not looking to get it back. We just want the team to improve. SAR I That is great. I am very happy for you. Enjoy it. Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 3 minutes ago, Maxman said: Thanks for the feedback. If anyone has an actual answer to my question that would be great. I answered your question. This lawsuit is about PSL's being devalued because the Jets are offering PSL seats in specific sections without PSL's attached. The only way other PSL sections can be involved is if they create a different lawsuit on different grounds. SAR I Link to comment Share on other sites More sharing options...
Maxman Posted March 17, 2018 Share Posted March 17, 2018 1 minute ago, SAR I said: I answered your question. This lawsuit is about PSL's being devalued because the Jets are offering PSL seats in specific sections without PSL's attached. The only way other PSL sections can be involved is if they create a different lawsuit on different grounds. SAR I You didn't answer the question. I was just curious if other people in that section, or those sections, could sign up for the lawsuit if they weren't already apart of it. I don't sit there, I was asking for a friend. Link to comment Share on other sites More sharing options...
T0mShane Posted March 17, 2018 Share Posted March 17, 2018 1 hour ago, joewilly12 said: BleacherReport.com you can read the 18 page court documents I cant copy and paste them. I hope they beat the pants off Woody Johnson and the organization in regards to this PSL bullsh*t cost me my season tickets. SAR1 can use his winnings to upgrade to a 5-series what do you think Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 Just now, Maxman said: You didn't answer the question. I was just curious if other people in that section, or those sections, could sign up for the lawsuit if they weren't already apart of it. I don't sit there, I was asking for a friend. Apologies. I misunderstood the question. It's a class action suit so it would cover everyone in the Mezzanine sections affected. They would receive paperwork in the mail informing them of the suit as they would be included in the class and the Jets would have to provide that information to the prosecution. SAR I Link to comment Share on other sites More sharing options...
Maxman Posted March 17, 2018 Share Posted March 17, 2018 1 minute ago, SAR I said: Apologies. I misunderstood the question. It's a class action suit so it would cover everyone in the Mezzanine sections affected. They would receive paperwork in the mail informing them of the suit as they would be included in the class and the Jets would have to provide that information to the prosecution. SAR I You are missing the point here. I don't think the Jets are going to notify their season ticket holders that there is a lawsuit. I was wondering if the lawyers had all the contact info for the people in those sections. I have a large database of Jets fans from the time I was talking to Scout and I had everyone update their email addresses, lol. Link to comment Share on other sites More sharing options...
SAR I Posted March 17, 2018 Share Posted March 17, 2018 Just now, T0mShane said: SAR1 can use his winnings to upgrade to a 5-series what do you think I would give my winnings back to the Jets as it wouldn't be "winnings", it would be theft. I got exactly what I was promised. A set of 4 seats in my name to purchase for 30 years including years when the Jets are a terrible team. And the Jets have been selling single season ticket packages to fans in PSL sections for years, this isn't new news. Nothing has been devalued either. If the Jets draft a franchise quarterback and we're set for 15 years of winning football and division titles, my PSL's will be worth 2x what I paid for them. Conversely, if the Jets suck like the Browns for 15 years my PSL's will be worthless. Whether or not the Jets ticket office sells unused seats made empty by PSL defaulters is of no consequence. Those of us who signed up for PSL's in 2008 knew exactly what we were getting into. It's amazing to me that fans would try to weasel their way out of their obligations like this. SAR I Link to comment Share on other sites More sharing options...
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