Patents by Inventor Jack Sommer

Jack Sommer has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20060036506
    Abstract: A method for generating funds which may be used for the financing of new or replacement or refurbished sports stadiums for professional sports or entertainment centers or the like or for any other purpose is disclosed which generates the funds through the sale of the exclusive interest in some or all of the individual seats in the sports stadium or entertainment center in perpetuity (as long as the team exists), for a predefined term, or for the life of the sports stadium or entertainment center. A large number of the better seats in the newly constructed or renovated sports stadium or entertainment center are sold to buyers for the long term, with the buyer of each seat either agreeing to pay the equivalent of the current season ticket price for the seat each year for a predetermined period of time or alternately making a single payment.
    Type: Application
    Filed: July 14, 2005
    Publication date: February 16, 2006
    Inventors: Lou Weisbach, Scott Heiman, Jack Sommer, Richard Boxer
  • Publication number: 20050071250
    Abstract: A method for the financing of new or replacement sports stadiums for professional sports or entertainment centers or the like is disclosed which finances such sports stadiums or entertainment centers through the sale of the exclusive interest in some or all of the individual seats in the sports stadium or entertainment center for the life of the sports stadium or entertainment center. A large number of the better seats in the newly constructed or renovated sports stadium or entertainment center are sold to buyers for the long term, with the buyer of each seat either agreeing to pay the equivalent of the current season ticket price for the seat each year for a predetermined period of time or alternately making a single payment.
    Type: Application
    Filed: October 14, 2004
    Publication date: March 31, 2005
    Inventors: Lou Weisbach, Scott Heiman, Jack Sommer, Richard Boxer
  • Publication number: 20050010487
    Abstract: A method for the financing of new or replacement sports stadiums for professional sports or entertainment centers or the like is disclosed which finances such sports stadiums or entertainment centers through the sale of the exclusive interest in some or all of the individual seats in the sports stadium or entertainment center for the life of the sports stadium or entertainment center. A large number of the better seats in the newly constructed or renovated sports stadium or entertainment center are sold to buyers for the long term, with the buyer of each seat agreeing to pay the equivalent of the current season ticket price for the seat each year for a predetermined period of time. The sale of the seats and the resulting thirty-year contractual obligations to make payments are used to obtain a loan based upon the value of the payments over the thirty-year period, with the funds from this loan being used to pay for the newly constructed or renovated sports stadium or entertainment center.
    Type: Application
    Filed: December 23, 2003
    Publication date: January 13, 2005
    Inventors: Lou Weisbach, Scott Heiman, Jack Sommer, Richard Boxer