“Meredith Stevenson, a North Vancouver resident, wanted a voice in the National Hockey League lockout and to get it the lifelong fan made what she described as a gut-wrenching decision.
She and her husband Dean cancelled the pair of Vancouver Canucks season-tickets they had held for 14 years. …
Stevenson said the tickets were costing her family nearly $11,000 a year, plus as much as $8,000 for playoff tickets. They had put down roughly $3,700 towards this season’s tickets, which will now be refunded.
“Our season-tickets are a big investment for us,” Stevenson said. “It always hurt a little bit when those payments came due. I think that’s also why it feels a little bit liberating to be honest.”
She’s not sure what her family will do with that extra money.
“I don’t know,” she said. “It will probably all be going on our line of credit.”
– from ‘A frustrated fan makes a tough decision and says so long to the Canucks’, Vancouver Sun, 23 Nov 2012
In other words, these guys were buying hockey tickets with debt.
The money isn’t “extra” at all!
We’d make a small bet that the LOC was a HELOC. Can’t be sure of that, of course, just a hunch, thus the ‘small’ bet.