Browns To Do Refunds If No Games
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BEREA, Ohio (AP)—The Cleveland Browns will make full refunds with interest on any tickets sold for games not played in the 2011 season.
Browns president Mike Holmgren said Monday the policy applies to “any ticket that is sold in the stadium, from regular seats through suites and so on.” He added he is “hopeful and optimistic” the season will be played in full.
NFL owners locked out the players on Saturday, hours after the players’ union dissolved and 10 players filed a request for an injunction in U.S. District Court that would stop the lockout.
“It is weird,” Holmgren said of the current labor situation.
He emphasized there won’t be any pay cuts for the coaching staff or any layoffs for team personnel during the work stoppage.
“When we talked about our philosophy and how to handle this, we are going ahead without any of that stuff,” Holmgren said. “If the time comes where all of a sudden, financially, we are getting struck down it probably starts with me. I’ve got to contribute to the pot, although, I will go on record that I am not working for one dollar a year.”
NFL Commissioner Roger Goodell and lead negotiator Jeff Pash have lowered their salaries to that amount during the lockout.
“Our philosophy is that we are going to keep people working,” Holmgren added. “When I said business as usual … I was really referring to that. We have a lot of good people here working very, very hard doing their jobs and we will continue to do that.”
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BEREA, Ohio (AP)—The Cleveland Browns will make full refunds with interest on any tickets sold for games not played in the 2011 season.
Browns president Mike Holmgren said Monday the policy applies to “any ticket that is sold in the stadium, from regular seats through suites and so on.” He added he is “hopeful and optimistic” the season will be played in full.
NFL owners locked out the players on Saturday, hours after the players’ union dissolved and 10 players filed a request for an injunction in U.S. District Court that would stop the lockout.
“It is weird,” Holmgren said of the current labor situation.
He emphasized there won’t be any pay cuts for the coaching staff or any layoffs for team personnel during the work stoppage.
“When we talked about our philosophy and how to handle this, we are going ahead without any of that stuff,” Holmgren said. “If the time comes where all of a sudden, financially, we are getting struck down it probably starts with me. I’ve got to contribute to the pot, although, I will go on record that I am not working for one dollar a year.”
NFL Commissioner Roger Goodell and lead negotiator Jeff Pash have lowered their salaries to that amount during the lockout.
“Our philosophy is that we are going to keep people working,” Holmgren added. “When I said business as usual … I was really referring to that. We have a lot of good people here working very, very hard doing their jobs and we will continue to do that.”
BEREA, Ohio (AP)—The Cleveland Browns will make full refunds with interest on any tickets sold for games not played in the 2011 season.
Browns president Mike Holmgren said Monday the policy applies to "any ticket that is sold in the stadium, from regular seats through suites and so on." He added he is "hopeful and optimistic" the season will be played in full.
NFL owners locked out the players on Saturday, hours after the players' union dissolved and 10 players filed a request for an injunction in U.S. District Court that would stop the lockout.
"It is weird," Holmgren said of the current labor situation.
He emphasized there won't be any pay cuts for the coaching staff or any layoffs for team personnel during the work stoppage.
"When we talked about our philosophy and how to handle this, we are going ahead without any of that stuff," Holmgren said. "If the time comes where all of a sudden, financially, we are getting struck down it probably starts with me. I've got to contribute to the pot, although, I will go on record that I am not working for one dollar a year."
NFL Commissioner Roger Goodell and lead negotiator Jeff Pash have lowered their salaries to that amount during the lockout.
"Our philosophy is that we are going to keep people working," Holmgren added. "When I said business as usual … I was really referring to that. We have a lot of good people here working very, very hard doing their jobs and we will continue to do that."
What interest rate did they quote
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Seems I read somewhere else, some time back 1%. A fair amount considering what banks pay....no sense getting in to fractional amounts.
Any extra interest the team might make will be used up issuing checks if people elect to go that route.
Who knows, preferred customers get a better rate of return then what is posted in the bank lobby, but we are talking annualized interest. On maybe $1500, or even $5000, nobody is making enough interest to really care. Who's going to complain over a few bucks?? And that money was probably in a checking account drawing no interest.
The ones who do probably shouldn't be buying season tickets.
But, that is just my opinion.
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I like how Holmgren said he would be the first one to take pay cuts if it came to that.
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paid for my season tickets yesterday. wouldnt kill me if we lost a pre-season game.
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That would be a bonus.
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