Tony Romo will make a lot of money playing quarterback for the Dallas Cowboys under his new contract. How much money that contract is actually worth depends on how you look at the situation. Americans for Tax Reform looks at the situation in the following terms: if, you opt to play for a team in a state […]
The big winner in this morning’s auction of some primo seats at Texas Stadium went to Hank Wendorf of Dallas-based Ticketsource.com.
There was only one other registered bidder at the IRS auction and the total damage ended up being $311,000 which was in Wendorf’s range and he’s pretty flippin’ stoked, “These seat options are not available from the Cowboys. I think it’s a great opportunity for me to add to my inventory,” he told the Dallas Morning News and saying, “In my opinion, these are the best seats in the stadium.”
The package includes seasons tickets for this year plus options to buy the same seats – located behind the Cowboys bench near the 50 yard-line – for the next 30 years, hence, you’ll never get them.
Since the starting bid was around $180k, Wendorf wasn’t too concerned about too much competition showing up to today’s auction but at least he wasn’t smug about it, “If fans want to judge the seat quality for themselves, ‘they can buy tickets from me,’ he said with a laugh before heading off to sign lengthy legal documents.”
Prime Dallas Cowboys seats go to ticket broker for $241,000 in IRS auction [Dallas Morning News]
Tomorrow morning at 9 am Dallas time, bring your biggest suitcase filled with consecutively numbered hundos so you can watch Romo disappoint the faithful for yet another season:
The Internal Revenue Service plans to auction the six-seat package Tuesday, with bidding starting at about $185,000.
It’s the first time in at least five years that a season ticket package for any professional sports team has been auctioned to settle a debt, said Clay Sanford, an IRS spokesman in Dallas.
Sanford said the agency’s privacy rules prevented him from identifying the ticket holder. But a document relating to the auction shows the federal government is owed $4.5 million.
Technically, the IRS is auctioning off two contracts offering licenses, or “options,” for six seats. Included in the package are 2010 season tickets for the six seats and parking for the 10 home games.
The licenses grant the holder the right to buy season tickets for a given seat for 30 years. Licenses for those seats sell for $50,000 each, said Cowboys spokesman Brett Daniels.
That would be $300,000 for the six licenses up for bid.
All of the seats are in section C110 between the 40 and 50 yard lines on the lower level, the first level up from the field. The auction includes parking for the 2010 season.
We should tell you that you’ll also have to pay an additional $70,000 “still due on the contracts and to cover transfer fees.”