Here’s further proof that timesharing is a solid business concept

Owner’s Pass, LLC, a San Francisco Bay area company, barely one year old, is taking the concept of timesharing to the world of professional sports. The luxury suites and skyboxes in most major arenas are utilized only about 50 percent of the time. The cost to lease them for a year is often so steep that many companies pass on sports suites as an option for entertaining their present and prospective clientele. But as John Arledge, CEO and founder of Owner’s Pass explains, “Timesharing is a proven business model that has been successful for other expensive assets such as vacation real estate, corporate aviation, and luxury yachts. We saw the opportunity to extend that model to sports where companies were losing tens of thousands of dollars to under-utilized suites.”

The concept of Owner’s Pass enables companies to use sports suites as much or as little as their schedules permit. Instead of owning a suite for a full sports season, a company can now select specific events to attend, giving them greater control over both their time and their dollars.

Imagine. Ownership privileges and flexibility, while paying for only the time you actually use…now that’s a great idea!