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NFT: NFT - PSL question

ank00 : 1/22/2020 10:00 am
Quick question for those that dumped their PSLs recently. How did you go about it? Did you just decide to walk away from the paid PSL amount? Did you notify the Giants?

Do you regret it? Do you miss it?

Have two kids, ages 7 and 4 and a third one on the way. Blocking 8 weekends during the season is just way too much of a commitment at this point.

any advice would be helpful.
Dump them?  
GMEN46 : 1/22/2020 10:04 am : link
They are impossible to sell, no one wants them. I have no interest in keeping my PSL and I donít think I could sell them for $500 each. I have a friend who has decided to just take the loss because his seats costs $400 each so he does t want to lose on the tickets anymore so he is just forgiving his licenses this year and wonít buy his tickets. Worst investment I have ever made.
Just  
fireitup77 : 1/22/2020 10:19 am : link
Walked away from mine.
It really is a scam...  
BC Eagles94 : 1/22/2020 10:22 am : link
As far as I'm concerned Giants should be forced to buy them back if a seller can't get a certain % of what he paid for them. Complete bull shit. We'll make you pay for our dump of a stadium, so we can get a lot of boxes and club seats that you'll never see, and then you'll get absolutely nothing for it! PSL's that are trash.
We sold ours a few years ago and got lucky as hell  
Jints in Carolina : 1/22/2020 10:36 am : link
we got 80% of our money back.
The craziest thing  
GMEN46 : 1/22/2020 10:47 am : link
Is they raised all this money and it may be the worst stadium in the nfl now that oakland and the chargers are moving. Whatís scam, the stadium is terrible yet they raised money from 2 fanbases.
RE: It really is a scam...  
Justlurking : 1/22/2020 11:15 am : link
In comment 14789356 BC Eagles94 said:
Quote:
As far as I'm concerned Giants should be forced to buy them back if a seller can't get a certain % of what he paid for them. Complete bull shit. We'll make you pay for our dump of a stadium, so we can get a lot of boxes and club seats that you'll never see, and then you'll get absolutely nothing for it! PSL's that are trash.


Agree 100%. This was as close to fraud as it gets. Financed the suites for the Maras and Johnson families. Completely ridiculous that theyíre gettin away with this.
RE: The craziest thing  
Justlurking : 1/22/2020 11:15 am : link
In comment 14789387 GMEN46 said:
Quote:
Is they raised all this money and it may be the worst stadium in the nfl now that oakland and the chargers are moving. Whatís scam, the stadium is terrible yet they raised money from 2 fanbases.


Itís such a bad stadium. Such a train wreck of epic proportions.
I sold mine 2 years ago  
giantsfan227B : 1/22/2020 11:23 am : link
I took a financial hit. Spent $8000 on 2 Mezz seats. Got just less than half back after fees. WORTH IT.

The Giants have a website that you can sell them on. It is basically like an Ebay. List them at a level and if someone is interested can contact you and bid a different level. You can negotiate back and forth through site and if you agree on price the website takes care of the legal paperwork transfer for a fee.

There are other sites that do the same thing. The Giants say that legally you can not use them. You can only use the site they point you to. I think this is because they are probably the buyer picking up PSL's cheap and then reselling them. I didn't want the hassel of finding out another site transferring my title wasn't valid but honestly, I don't see why not. To me I own the PSL. Where I sell/transfer is the same as a timeshare.

Haven't looked back. I enjoy my 3 hours watching the game with cheap beer, own bathroom and no hassel trying to dump tickets every year below face because they are eliminated by week 6.
Thanks guys - dumping  
ank00 : 1/22/2020 11:23 am : link
sounds like the right way to go.

I bought these PSLs 5 years ago in the secondary market for a 50% discount. Still waste of $7,500!!
RE: I sold mine 2 years ago  
giantsfan227B : 1/22/2020 11:27 am : link
In comment 14789435 giantsfan227B said:
Quote:
I took a financial hit. Spent $8000 on 2 Mezz seats. Got just less than half back after fees. WORTH IT.

The Giants have a website that you can sell them on. It is basically like an Ebay. List them at a level and if someone is interested can contact you and bid a different level. You can negotiate back and forth through site and if you agree on price the website takes care of the legal paperwork transfer for a fee.

There are other sites that do the same thing. The Giants say that legally you can not use them. You can only use the site they point you to. I think this is because they are probably the buyer picking up PSL's cheap and then reselling them. I didn't want the hassel of finding out another site transferring my title wasn't valid but honestly, I don't see why not. To me I own the PSL. Where I sell/transfer is the same as a timeshare.

Haven't looked back. I enjoy my 3 hours watching the game with cheap beer, own bathroom and no hassel trying to dump tickets every year below face because they are eliminated by week 6.


This is the site
Link - ( New Window )
Ank  
BeckShepEli : 1/22/2020 11:27 am : link
I think this is the only official site to sell/buy PSL

I actually just purchased a PSL on the 30 yard line upper deck for $200 per PSL. I feel bad for the people who are taking a hit on them but unfortunately the prices are so low so they have to compete with it.
PSL - ( New Window )
They had some pretty sleazy outfit selling them  
jcn56 : 1/22/2020 11:49 am : link
I never bought, but I was on the wait list so they reached out to me with some 'offers' when they were having a hard time moving the end zone seats.

As much as everything had the disclaimer that this wasn't an investment and there was no guarantee they'd maintain or appreciate in value, the sales team was very quick to point out how well PSLs had appreciated in Chicago and how they'd be worth multiples years later.

Their approach took what was a maybe to that point and turned it into a no pretty quickly.
Timeshare in the Meadowlands.  
MOOPS : 1/22/2020 11:54 am : link
.
RE: Ank  
Scyber : 1/22/2020 11:57 am : link
In comment 14789441 BeckShepEli said:
Quote:
I think this is the only official site to sell/buy PSL

I actually just purchased a PSL on the 30 yard line upper deck for $200 per PSL. I feel bad for the people who are taking a hit on them but unfortunately the prices are so low so they have to compete with it. PSL - ( New Window )


I believe upper deck tickets had $1000 PSLs, if so that person "lost" $800 on the PSL, but had tickets for 101 games. That works out to be about $8 fee per game on top of the ticket price to ensure they got first dibs for every ticket. Not really that bad of deal.
RE: RE: Ank  
BeckShepEli : 1/22/2020 12:14 pm : link
In comment 14789461 Scyber said:
Quote:
In comment 14789441 BeckShepEli said:


Quote:


I think this is the only official site to sell/buy PSL

I actually just purchased a PSL on the 30 yard line upper deck for $200 per PSL. I feel bad for the people who are taking a hit on them but unfortunately the prices are so low so they have to compete with it. PSL - ( New Window )



I believe upper deck tickets had $1000 PSLs, if so that person "lost" $800 on the PSL, but had tickets for 101 games. That works out to be about $8 fee per game on top of the ticket price to ensure they got first dibs for every ticket. Not really that bad of deal.


Good point.
Stuck with mine.  
Maijay : 1/22/2020 12:29 pm : link
PSL's are the biggest boondoggle perpetrated on loyal NY Giant fans. The Mara/Tisch families should be ashamed of themselves.

What did we get but a shit product and a god awful stadium. I am resigned to the financial hit. I will keep my tickets and pass them on to my sons and grandchildren if they even want them. Let's hope there are better seasons ahead.
RE: RE: Ank  
ron mexico : 1/22/2020 12:32 pm : link
In comment 14789461 Scyber said:
Quote:
In comment 14789441 BeckShepEli said:


Quote:


I think this is the only official site to sell/buy PSL

I actually just purchased a PSL on the 30 yard line upper deck for $200 per PSL. I feel bad for the people who are taking a hit on them but unfortunately the prices are so low so they have to compete with it. PSL - ( New Window )



I believe upper deck tickets had $1000 PSLs, if so that person "lost" $800 on the PSL, but had tickets for 101 games. That works out to be about $8 fee per game on top of the ticket price to ensure they got first dibs for every ticket. Not really that bad of deal.


First dibs usually means you have the option to pass. That isnít really true with PSLs
Why not just  
tomjgiant : 1/22/2020 2:49 pm : link
pay for the tickets and then sell them.
Right now we are all taking a loss with all the losing,but if they can turn things around you could make a profit.Also PSL values will rise if they become contenders for years to come.
Buying high and selling low (or giving them up for nothing)is not a good idea.
Have you tried to sell the  
Bubba : 1/23/2020 7:22 am : link
gameday tkts online? If the team improves the PSL value should increase. I sold mine 5 years ago and fortunately got full face value. Never looked back BTW.
I can't believe how many PSL's are out there on the open market  
figgy2989 : 1/23/2020 7:44 am : link
Definitely signs of a fan base disgruntled with the product they are seeing on the field.

Maybe if they have a couple of good seasons  
cjac : 1/23/2020 8:35 am : link
And i'm sick of going all the time, i can get .50 cents on the dollar for my 2 seats. That would be the ideal scenario for me.

Tickets are so easy to get, even when they are good.
RE: Maybe if they have a couple of good seasons  
jcn56 : 1/23/2020 8:52 am : link
In comment 14790501 cjac said:
Quote:
And i'm sick of going all the time, i can get .50 cents on the dollar for my 2 seats. That would be the ideal scenario for me.

Tickets are so easy to get, even when they are good.


I bought to the only playoff game held in that stadium off Ticketmaster for about 10% over face value. Long before the team's current state.

I think the selling point of the PSLs hinged on how tough it was to get tickets in the waitlist era that also predated secondary markets online. I used to buy season tickets from a ticket holder and pay a hefty markup for the entire season, and ended up eating the preseason tickets and having to sell off others. Now, it's easy enough to pick and choose.
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