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PSL Is Capitalism for Some Season Ticket Holders...

Some Giants fans are making significant profits when they sell their New Meadowlands Stadium personal seat licenses on the team’s official PSL resale website. But others are walking away without coming close to recouping their original investment.

An analysis by The Record of the first five months of PSL sales on seasonticketrights.com shows that the most profitable PSLs have been in the loge section, which includes the first few rows of the upper deck between the end zones. Nine of those seats — all in the first four rows and close to the 50-yard line — have sold for an average of $7,556. Those PSLs originally cost $5,000, with a per-game ticket price of $105 and including two preseason games.
The official website offers a window into the PSL marketplace, but using it doesn’t come cheap. A fan selling two loge PSLs for a total of $15,000 would pay a fee of $1,500 — nearly one-third of the profit. The buyer also would pay a $1,500 fee.


Forbes List It Top 50 Again...Cowboys Still Tops List in NFL!

The NFL has grown explosively over the past 25 years as TV revenue jumped 700%. The league’s 32 teams now divide $3.8 billion annually under the current round of broadcast deals, which expire after the 2013 season. With ratings at record levels, the next TV contracts are bound to be even more lucrative.

Teams that were selling for $70 million in the mid-1980s are now worth $1 billion on average.

NFL owners claim they are not getting a big enough share of the league’s $9 billion in revenue, but a look at the world’s 50 most valuable sports teams shows how valuable NFL teams already are.

The list is littered with NFL franchises–all 32 teams make the cut, led by the Dallas Cowboys, worth


NBA Lockout Wont Stop The Sale Of Sixers!

The NBA lockout has brought league business to a screeching halt, but it is not derailing the expected sale of Philadelphia 76ers.

“I think, frankly, this has been baked in from the beginning,” said NBA Deputy Commissioner Adam Silver, when asked whether the lockout would affect any team sales, especially the expected sale of the Sixers to a group led by Joshua Harris, senior managing director of Apollo Global Management.

Read more: http://aol.sportingnews.com/nba/story/2011-07-12/report-deal-in-place-to-sell-philadelphia-76ers#ixzz1S1juexYt

Bobcats Ax Starting To Grind With Layoffs!

Radio play-by-play announcer Scott Lauer was one of at least seven employees let go by the Bobcats in the past week.
A person familiar with the situation says the Detroit Pistons fired 15 people two weeks ago. The person, who wasn't authorized to speak about the team's moves, spoke to The Associated Press on the condition of anonymity.
The job losses come as NBA owners have locked out the players after failing to reach a new collective bargaining agreement, shutting down the league for what could be a


Latest in Corporate Business News....

The St. Paul City Council publicly opposes using a half-cent sales tax in Ramsey County to fund a new stadium for the Minnesota Vikings. The resolution is a formal statement that doesn’t have the affect of an ordinance. Under the latest proposal for the $1 billion stadium, the county is on the hook for $350 million. The Vikings would contribute $400 million and the state would add $300 million.

2. Regardless of whether there’s a full NFL season, fantasy football companies will take a hit financially because of the prolonged lockout. The uncertainty surrounding the season caused a drop in advertising and sponsorship revenue, even forcing some magazines to halt production. Fantasy football is an $800 million industry.

3. Business leaders in St. Petersburg, Florida, are upset over a proposed city charter amendment that would require a public vote on all development projects over $100 million. The leaders say the proposed change unfairly targets the Tampa Bay Rays, who are seeking public money to build a new stadium.

4. The Los Angeles Dodgers blame their financial problems on “abusive conduct” from Major League Baseball, saying Commissioner Bud Selig is looking for any excuse to remove Frank McCourt as team owner. The Dodgers last week blasted the league in bankruptcy court for refusing to turn over requested financial documents.

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