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FEELING A-LOAN: NFL FANS AFFECTED BY HIGH TICKET PRICES

          NFL fans "are literally turning to banks" for loans "to
     help finance their season tickets," according to Sam Walker
     of the WALL STREET JOURNAL, who reports that teams in at
     least nine NFL cities are doing more than "just encouraging"
     fans to take out loans, "they're joining up with local banks
     to market them."  Fans need to pay large up-front payments
     for PSLs, so in Nashville, the Oilers and First American
     National Bank sent mass mailings to local fans "complete
     with preapproved `checks' for $5,000 that become loans upon
     the customer's endorsement."  Pro Player Stadium, home of
     the Dolphins, joined with AmEx to allow fans the chance to
     charge and finance club seats on their credit cards.  But
     analysts note one "danger" to the loan process is that "fans
     in debt tend to grow frustrated and disillusioned in a
     hurry" if their teams aren't winning.  Ravens fan Paul
     Sawyer, who has borrowed over $7,000 to finance his season
     tickets: "The loan takes a lot of joy out of the game.  As
     big a fan as I am, I hope this blows up in the faces of the
     owners one day.  I just think it's a crime to charge this
     much money" (WALL STREET JOURNAL, 11/13).

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