Sunday, November 27, 2016

49ers’ on-field losses turning into big financial losses for fans

The San Francisco Chronicle reports:
Dr. Tom Addison, a retired critical-care physician for Kaiser, was never so thrilled to take a financial bath.

Addison and his family were longtime 49ers fans who bought four $5,000 seat licenses for Levi’s Stadium, a one-time $20,000 investment that allowed them to buy four season tickets every year, for $1,250 apiece, at the team’s new Santa Clara stadium. It seemed like money well spent.

The 49ers, under head coach Jim Harbaugh, had become a perennial beast in the National Football League and played in a Super Bowl as the stadium was being built.

Then, the once-gleaming franchise deteriorated in a hurry.
The struggles of the NFL.