NFL American football franchise the Raiders have sold all available personal seat licenses (PSLs) for their move to Allegiant Stadium, generating $228m (£174.7m/€205.2m) more than was originally projected as stadium officials maintained the new Las Vegas venue will open on time amid concerns over its roof.
The 65,000-seat stadium has issued PSLs for close to 90% of its capacity. Prices ranged from $500 to $75,000 for the licenses, which grants the purchaser exclusive rights to buy Raiders home game season tickets for a particular seat. The PSL fee is only due once, with fans then needing to renew their season tickets each campaign.
The Raiders will move from Oakland to the new venue and team officials had originally targeted $250m from PSL sales. However, the Las Vegas Stadium Authority said this figure has reached $478m as sales closed. Around 60% of the PSLs have been acquired by Nevada residents, with most of the remainder purchased by fans in the Raiders’ current home state of California.
The Las Vegas Review-Journal said the additional revenue generated by the PSLs will go towards further enhancing the stadium, with new features such as additional suites, a 26,000-square-foot field-level club, upgraded fixtures and art and an enhanced internet connection.
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