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Question: PSL expiration - what happens next?

GlassHalfFull

GlassHalfFull

Hall of Fame
I am just full of questions today. What happens when the current PSL contract runs out? Do we have to repay a new psl fee?
 
Nevermind, I think I just read they are for all future seasons.

Duh, probably why they are called Permanent Seat Licenses. For some reason I had it in my head they they expired after 20 years.
 
GlassHalfFull said:
Nevermind, I think I just read they are for all future seasons.

Duh, probably why they are called Permanent Seat Licenses. For some reason I had it in my head they they expired after 20 years.
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There are two types. For the non-club seats it is like you said all future seasons. Ironically for the privilege of paying a ton more money for the club, those PSLs have an expiration - I think that is where you got the 20 years. I don't know about the boxes.
 
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For some reason 35 years sticks in my head, it is in your PSL contract.

I believe they expect to have a new stadium by then? Otherwise, who knows what they'll do.
 
Per the contract:
1. GRANT OF PSL. For and in consideration of Licensee's deposit of the first installment of the PSL Fee and promise to pay the remaining installments of the PSL Fee, Licensee shall receive a Permanent Seat License ("PSL") for the purchase, in accordance with the terms and conditions set forth in this Agreement, of season tickets for the Stadium seat or seats (the "Seat(s)") licensed by Licensee under this Agreement for all pre-season, regular season and post-season Team games to be played in the Stadium (excluding Super Bowl games) so long as the Team uses the Stadium as its home field for the playing of NFL games.
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http://texans.seasonticketrights.com/Images/library/houston-texans/psl-terms-and-conditions.pdf
 
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