Chris CrockettLadies & Gentlemen…I Present To You… The Sports Mortgage
March 31st 2010 16:00
(From The Sporting News Today)
Season ticket holders know the annual lament. The cost of prime seats keeps rising, even if the team is lousy. Now, combine that frustration with cash strapped college athletics departments, struggling to upgrade aging stadiums, and you’ve got the latest innovation in marketing for big time athletics—the sports mortgage.
At Kansas, Jayhawk fans who sign up to pay as much as $105,000 over 10 years will earn the right to buy guaranteed top seats for football over the next three decades. In return, the seats themselves will stay locked in at 2010 prices.
At Kansas, Jayhawk fans who sign up to pay as much as $105,000 over 10 years will earn the right to buy guaranteed top seats for football over the next three decades. In return, the seats themselves will stay locked in at 2010 prices.
Daddy TCFB has one question:
Since Barack is such a huge sports fan who likes to show me his bracket selections on ESPN and wax poetically on a frequent basis about sports, will there be a ‘first time buyer tax credit’ on my first sports mortgage? I mean, if this idea moves into the northeast, $8K toward my mortgage really goes a long way, Prez. Plus, it will help stimulate the economy, right? Isn't that right?? Don't underestimate the monetary effect of sports on the economy. Think about it. Get back to me.
Chuck
~TCFB~
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