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Carolina Panthers owner Richardson to PSL owners: I take full responsibility

Laetitia

By Laetitia,
in Carolina Panthers

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Delhommey Newbie

Delhommey

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Have a brother who lives in marietta, no need for the hotel.. Don't need to support them either. They are a winner and sell out without having to bilk PSL owners.

Annnnnnnd they support the stadium through a hotel tax.

But it's not affecting you, so who cares?

Personally I'd rather stadiums be funded through PSL's voluntarily purchased by those most interested by the sports team at hand than mandatory taxes imposed on people who could care less about football, but I'm just a socialist that way.

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panthers55 Grand Master

panthers55

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Annnnnnnd they support the stadium through a hotel tax.

But it's not affecting you, so who cares?

Personally I'd rather stadiums be funded through PSL's voluntarily purchased by those most interested by the sports team at hand than mandatory taxes imposed on people who could care less about football, but I'm just a socialist that way.

It is not just the PSL that is an issue but that you lose them if you don't buy season tickets. SO there is less incentive to put a great product on the field. He makes as much money if they are 1-15 as he does if they are 12-4. And by contracting out concessions this year he doesn't lose the bucks he would if they were internally run.

The second bigger issue will be what do you tell the PSl owners in 15 or 20 years when you want a new stadium. Well since life in prison is usually 20 years we are going with a similar standard. Those lifetime PSls actually expire after 20 years.

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Delhommey Newbie

Delhommey

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1. If you purchased a PSL in 1995, your investment is worth more than it was, even after inflation. If you purchased a PSL during the high times (ex. right after 2003), well, chalk it up to a bad investment and move on.

2. Jerry Richardson has maxed out the cap just about every year before this, so where in the world you're getting this "inferior product" nonsense because of one cap clearing/rebuilding year is beyond me.

3. You unsurprisingly completely ducked the whole tax question.

4. You would have a whole city ready for revolt if they got to the end of the 20 years and they just said, "Thanks for the memories" to all the PSL owners, so the idea of them being worthless paper seems pretty unrealistic unless they moved. Regardless, if they had a 20 year expiration, then that's part of what is to be taken into account when pricing and purchasing them.

Again, a voluntary PSL fee is favorable to an involuntary tax every single time.

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panthers55 Grand Master

panthers55

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1. If you purchased a PSL in 1995, your investment is worth more than it was, even after inflation. If you purchased a PSL during the high times (ex. right after 2003), well, chalk it up to a bad investment and move on.

2. Jerry Richardson has maxed out the cap just about every year before this, so where in the world you're getting this "inferior product" nonsense because of one cap clearing/rebuilding year is beyond me.

3. You unsurprisingly completely ducked the whole tax question.

4. You would have a whole city ready for revolt if they got to the end of the 20 years and they just said, "Thanks for the memories" to all the PSL owners, so the idea of them being worthless paper seems pretty realistic unless they moved. Regardless, if they had a 20 year expiration, then that's part of what is to be taken into account when pricing and purchasing them.

Again, a voluntary PSL fee is favorable to an involuntary tax every single time.

1. But an investment is worth what you can sell it for. Anyone think you can sell if for a decent price now.

2.Inferior product isn't just what you pay but what you get for what you pay. We have had 1 winning season in the past 5 seasons. And as a franchise we have a losing record. Paying a premium for a bad product doesn't change it from being inferior.

3. The whole tax issue wasn't germaine to the discussion. Just like using PSls allows him to control and do what he wants without worrying about the city or taxpayers since he owes them nothing. true but not germaine either. And by forcing folks to buy season tickets or lose their investment, he has them by the short hairs. I don't remember the discussion being about whether a PSl based stadium was preferable to one financed by taxes. You threw that in as a red herring so I ignored it as extraneous to the discussion. But to answer the question, it wasn't really a discussion if I remember correctly. The city wasn't going to give the NFL enough guarantees to fund the stadium so the PSL idea was born to fill the void.

4. What do you think is going to happen when the stadium gets old then? And we were told that our investment was a lifetime investment in pertuity but do you really believe the stadium will be around in 30 or 40 years. How are they going to fund the next one. Must be the same marketing department that coined the youth movement propaganda this year.

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RockECU Newbie

RockECU

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People who think they should get something back anytime the team does poorly (without, of course, offering to give more when they do well) are the same type of people that think their doing the waiter a favor by tipping 10%.

My goodness you're terrible with analogies.

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