Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,348
glad I'm not the only one wondering what's being offered for the PSL and another £495. The cynic in me wonders if by not buying one it gives the club the right to sell your seat to someone else at the end of a season (even if you want to renew). However I conclude that the only "value" of a PSL is if you want to transfer your seat to someone else - £495 is a lot of money when it's 50/50 the way ticket demand will go in the next few years.
Surprised that nobody seems to have picked up on the 'trading' aspect of the PSL. The pack mentions that the PSLs can be bought and sold on a dedicated website page. On the illustration page they show asking prices ranging from £1250 thru £5700. So if you buy a PSL for £495, and it lasts for 50 years, at some point when the Albion are enjoying success at levels we can only currently dream of, then there may well be an active market in the PSLs as a financial instrument in their own right. If we do well, they'll attract a premium. If we don't do well, you'll be able to pick one up on the cheap. And the club makes money (7.5% or £50 whichever is greater) on every transaction. Not much different from trading in pork belly futures. Well worth a punt IMHO - if you have that kind of cash sloshing about in your current account.