Raiders say they’ve sold out PSLs for new Las Vegas stadium

AP

The Raiders impending move to Las Vegas appears to be off to a strong start.

According to Mick Akers of the Las Vegas Review-Journal, Raiders team president Marc Badain said on Wednesday that the team has sold out its allotment of personal seat licenses for its brand new Allegiant Stadium.

The PSLs have ranged in value from $500 to $75,000 and allowed the team to increase the budget for the construction of the stadium. The team had estimated $250 million in revenue from the seat licenses and have taken in $478 million instead.

The Raiders have used that to build additional suites and install upgraded hardware for the stadium.

24 responses to “Raiders say they’ve sold out PSLs for new Las Vegas stadium

  1. 500-75,000 bucks for the privilege of paying for a ticket. Wonder why attendance is down at NFL games…

  2. Only really small thinkers couldn’t see this coming, a global brand like the Raiders and Las Vegas.

    Just win baby.

  3. This is fantastic news, not only for the Raiders, but also for all intelligent football fans. The league as a whole is stronger with examples of people willing to invest in seeing games, and with modern facilities like the new stadiums in Las Vegas and Los Angeles.

    Additionally, there is the added bonus of once again proving the regressives who are constantly complaining about new stadiums to be wrong again.

  4. “The Raiders have used that to build additional suites”

    So the ordinary Joe is paying a PSL to a millionaire/billionaire owner so the owner can build luxury suites for the high-rollers and thus make even more money… There is nothing equitable about PSLs; they are just a straight 100% rip-off of the average football fan.

    My bet is that the owner will just pocket the difference between the $250M budgeted and the $478M realized from the PSL sales ($228M). He will justify this as his ‘reward’ for his vision and entrepreneurship in bringing a football team to Las Vegas.

  5. blynch67 says:
    January 16, 2020 at 6:53 am
    My bet is that the owner will just pocket the difference between the $250M budgeted and the $478M realized from the PSL sales ($228M). He will justify this as his ‘reward’ for his vision and entrepreneurship in bringing a football team to Las Vegas.
    ______________________________________________________________
    No he has to cut in Jerry Jones and his Legends Hospitality Company who guaranteed Davis
    this would happen if they let the company be in charge of the sales.

  6. I like the concept of PSLs.
    Rip off the fans who attend the games, rather than get a publicly financed handout from the local government.

    Would I personally buy a PSL? Hell no.
    I’d also vote against a politician who used my tax money for a sports stadium.

  7. First, I like how many people said here that the Raiders will flop in Vegas. Second, why are people mad about PSL’s? You don’t have that kind of money? Ok, don’t buy a seat. Obviously plenty of other people are ok with it.

    Rule #1 for billionaires; don’t listen to people that are not billionaires. It’s pretty solid advice.

  8. I still say putting an NFL team in Lost Wages is a mistake.
    The league and the Raiders will end up regretting this decision.

  9. “500-75,000 bucks for the privilege of paying for a ticket. Wonder why attendance is down at NFL games…”

    They sold out those opportunities to purchase the tickets. That fact kind of undercuts your theory of why attendance is down.

  10. Vegas is a natural, and I’m surprised no one moved here before now.
    “Away” teams will always help fill the stadium as fans flock to Sin City for a weekend getaway in the desert. Vegas will be the preferred site for future Super Bowls for the same reason. This stadium will be a resounding success.

  11. I had one of the best laughs in my life when the Raiders asked me if I was going to transfer my seats to Las Vegas. I said maybe , how much???? when they told me $75k per seat, I laughed out loud so loud…I said nah, I watch the games from Maui instead. Just what I wanted to do, spend $150k to sit by the guest of the MGM, Venetian, Wynn, Ceasars, etc… that weekend who is flying in to see their team play the raiders. The black hole has literally moved from field level to oblivion on the last row of the 4th deck in the end zone. Just a matter of time until we have a economy even worse than 2008-2012…See what the casino’s do then.

  12. Of all those PSL’s sold. How many were purchased by corporations and the casinos? This is where the hotel/game packages are created.

  13. Stl. rams fans and giants and Jets fans certainly don’t think PSl are a good idea. Ask them how many times of year they can get face for their tickets, nevermind the premium needed to recoup PSL cost. Then, if they sell them via verified fan, have to worry about team terminating their account. If Raiders win PSL holders will be relatively happy, if they lose, guess it will put a new spin on busted in Vegas. Did they do PSL in AtL? Curious to know how that is working out.

  14. thefiesty1 says:
    January 16, 2020 at 3:08 pm
    Where are they going to sit until the stadium is ready in late October?
    —————————————–
    I was in LV a few weeks ago. The stadium looks like it’s coming along just fine. “The locals” are pumped about having a team, knowing it’s going to be out-of-town fans that will make or break the team.

    What the doubters don’t understand is the allure for fans of the Raiders’ opponents of going to a road game in LAS VEGAS vs. anywhere else, particularly Oakland. No offense intended towards folks in the East Bay, but who would really want to go to OAKLAND for a weekend, especially with the reputation of the fans there? Vegas is another matter. What a great excuse for taking a few extra days around game day, doing the Las Vegas thing (gambling, shows, fine dining, drinking, etc.)! Some teams’ fans travel well already (Pittsburgh comes to mind first, they’ll go anywhere), but this will get fans from ANY team to “do a roadie”, even fans of the Mighty Bengals, Jaguars, Lions, etc.

    If the stadium holds 70,000, you can count on 40,000+ being fans of the visiting team–and that’s all the better for the local economy.

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