Major League Baseball side the New York Yankees has reduced some season-ticket prices by up to 50 per cent following criticism that a number of seats were overpriced considering the economic climate.
The Yankees are also offering refunds and free tickets to those who had already purchased seats at the new stadium for as much as $2,500 a game.
Just under a month ago Yankees Managing General Partner Hal Steinbrenner said a small number of seats were overpriced. There had also been blocks of empty seats in the home stand’s best-placed locations of the club’s $1.5 billion Yankee Stadium.
“As a result, and for many of our fans who have already purchased full-season suite seats in such premium locations, the Yankees are announcing today a program that adjusts certain prices and benefits affecting such suite seats,” Steinbrenner said in a statement yesterday.
Some seats that were originally priced at $2,500 were cut to $1,250, and others priced at $1,000 will now be $650. The 2009 price adjustments are effective immediately.
Steinbrenner added that this season the Yankees sold more than 3.4 million tickets, equivalent to 85 per cent of premium seats and 37,000 full season tickets in the 52,000-seater stadium.