How come every time someone loses money (or misses the boat on making money) they think they are entitled to turn back the clock? If you could've sold the rights to your seat for $200,000 and didn't then tough titties...
Jazz fans sue over new seating policy, seek more than $19 million
June 5, 2010
CBSSports.com wire reports
SALT LAKE CITY -- A group of well-heeled Utah Jazz fans has sued the team's corporate parent, claiming a new seating policy has caused their VIP seats to plummet in value.
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Members of the Jazz 100 Club, in their complaint filed Friday in 3rd District Court, are seeking more than $19 million in damages.
The dispute stems from a January policy change allowing all season-ticket holders to also transfer ownership rights to their seats in EnergySolutions Arena.
Previously, only 220 courtside seats that were held by the 50 to 60 club members could be sold or bequeathed, an exclusivity that increased their value.
Club members say their seat positions that once sold for as much as $200,000 now go for $20,000, a drop of 90 percent.
Jazz officials say they take the matter seriously.
SALT LAKE CITY -- A group of well-heeled Utah Jazz fans has sued the team's corporate parent, claiming a new seating policy has caused their VIP seats to plummet in value.
.prWrap,.prWrap DIV,.prWrap IMG{margin:0px 0px 0px 0px;padding:0px 0px 0px 0px;border:0px 0px 0px 0px;overflow:visible;direction:ltr;backg round:none;background-color:transparent;}
Members of the Jazz 100 Club, in their complaint filed Friday in 3rd District Court, are seeking more than $19 million in damages.
The dispute stems from a January policy change allowing all season-ticket holders to also transfer ownership rights to their seats in EnergySolutions Arena.
Previously, only 220 courtside seats that were held by the 50 to 60 club members could be sold or bequeathed, an exclusivity that increased their value.
Club members say their seat positions that once sold for as much as $200,000 now go for $20,000, a drop of 90 percent.
Jazz officials say they take the matter seriously.
Jazz fans sue over new seating policy, seek more than $19 million
June 5, 2010
CBSSports.com wire reports
SALT LAKE CITY -- A group of well-heeled Utah Jazz fans has sued the team's corporate parent, claiming a new seating policy has caused their VIP seats to plummet in value.
.prWrap,.prWrap DIV,.prWrap IMG{margin:0px 0px 0px 0px;padding:0px 0px 0px 0px;border:0px 0px 0px 0px;overflow:visible;direction:ltr;backg round:none;background-color:transparent;}Members of the Jazz 100 Club, in their complaint filed Friday in 3rd District Court, are seeking more than $19 million in damages.
The dispute stems from a January policy change allowing all season-ticket holders to also transfer ownership rights to their seats in EnergySolutions Arena.
Previously, only 220 courtside seats that were held by the 50 to 60 club members could be sold or bequeathed, an exclusivity that increased their value.
Club members say their seat positions that once sold for as much as $200,000 now go for $20,000, a drop of 90 percent.
Jazz officials say they take the matter seriously.
.prWrap,.prWrap DIV,.prWrap IMG{margin:0px 0px 0px 0px;padding:0px 0px 0px 0px;border:0px 0px 0px 0px;overflow:visible;direction:ltr;backg round:none;background-color:transparent;}Members of the Jazz 100 Club, in their complaint filed Friday in 3rd District Court, are seeking more than $19 million in damages.
The dispute stems from a January policy change allowing all season-ticket holders to also transfer ownership rights to their seats in EnergySolutions Arena.
Previously, only 220 courtside seats that were held by the 50 to 60 club members could be sold or bequeathed, an exclusivity that increased their value.
Club members say their seat positions that once sold for as much as $200,000 now go for $20,000, a drop of 90 percent.
Jazz officials say they take the matter seriously.