The Next Price Bubble?
by Tom Nakashima
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posted Mar 18 2009 9:45AM
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I give the Maloofs props for actually lowering ticket prices for Kings fans. That's in stark contrast to what some other sports franchises are doing. It seems the Personal Seat Licenses are all the rage. I know they have new stadiums to pay for but come on.... Dallas Cowboys fans will have to dish out up to $150,000 per seat... just for the right to buy it! In the new Yankee Stadium, a box seat that cost $150 a year ago is now $2500 a seat. The invoice for the box went from $81,000 a season to.... $810,000. I know, they wouldn't be doing this if fans weren't willing to pay. But for how long? Isn't there a word for this?.... ah.... Extortion.
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