http://deadspin.com/rams-lose-lawsu...source=deadspin_twitter&utm_medium=socialflow
"...The Los Angeles Rams will have to offer some former St. Louis personal seat license holders the opportunity to buy season tickets in their new L.A. stadium, as well as refund the deposit for other former personal seat license holders, a federal judge ruled yesterday..."
"...Unlike the first two lawsuits, the third simply sought refunds for PSLs that most holders, by virtue of living near St. Louis and not L.A., could no longer use. The contracts for both the FANS Inc. and Rams-sold PSLs include language mandating a full or partial refund if the PSL agreement is terminated. The Rams argued that relocation shouldn’t technically count as a termination of the agreement. But the judge ruled that the contracts include no language about manner of termination and “the right to terminate and a refund of deposits go hand-in-hand,” thus the Rams must refund those PSL holders..."
"...All three proposed to bring their cases on behalf of all PSL holders, a group of at least 40,000 people, and the remedy for each holder will depend upon whether their contract was with FANS Inc. or the Rams, and whether they desire a refund or the opportunity to buy season tickets in Los Angeles. The judge also declined to rule on the dollar amounts the Rams have to refund, reasoning that he was only ruling on liability, not damages.
"...a refund will likely cost millions of dollars. Perhaps even worse for the Rams, for each PSL holder who chooses to transfer their PSL to L.A. and buy season tickets, that is one fewer new PSL they can sell. ..."
Being a former PSL holder (alas, from FANS), I believe PSL's are not transferrable. But they afford, enterprising St Louisan's to keep Enos from collecting his whooping $2,000 to $80,000 PSL fee he strong armed Angelenos out of; scoop up season tix, and then re-sell on the open market
Of course the risk you take is that there has to be a demand for tickets,so................
"...The Los Angeles Rams will have to offer some former St. Louis personal seat license holders the opportunity to buy season tickets in their new L.A. stadium, as well as refund the deposit for other former personal seat license holders, a federal judge ruled yesterday..."
"...Unlike the first two lawsuits, the third simply sought refunds for PSLs that most holders, by virtue of living near St. Louis and not L.A., could no longer use. The contracts for both the FANS Inc. and Rams-sold PSLs include language mandating a full or partial refund if the PSL agreement is terminated. The Rams argued that relocation shouldn’t technically count as a termination of the agreement. But the judge ruled that the contracts include no language about manner of termination and “the right to terminate and a refund of deposits go hand-in-hand,” thus the Rams must refund those PSL holders..."
"...All three proposed to bring their cases on behalf of all PSL holders, a group of at least 40,000 people, and the remedy for each holder will depend upon whether their contract was with FANS Inc. or the Rams, and whether they desire a refund or the opportunity to buy season tickets in Los Angeles. The judge also declined to rule on the dollar amounts the Rams have to refund, reasoning that he was only ruling on liability, not damages.
"...a refund will likely cost millions of dollars. Perhaps even worse for the Rams, for each PSL holder who chooses to transfer their PSL to L.A. and buy season tickets, that is one fewer new PSL they can sell. ..."
Being a former PSL holder (alas, from FANS), I believe PSL's are not transferrable. But they afford, enterprising St Louisan's to keep Enos from collecting his whooping $2,000 to $80,000 PSL fee he strong armed Angelenos out of; scoop up season tix, and then re-sell on the open market
Of course the risk you take is that there has to be a demand for tickets,so................
