and helped Shinn get the team in the 1980s. The Hornets' season ticket holders received these rights for free, but people sold them like a commodity. This gave Muhleman the idea to use a similar concept, which fans would pay for, to finance the stadium. In 1969, the Dallas Cowboys used stadium bonds to finance the construction of Texas Stadium in Irving. The purchase of the bond entitled the bond holder to purchase season tickets for the Cowboys. Others cite similar programs that were in existence among many college fund raising activities prior to 1987. However, the early programs were tax-deductible donations to a scholarship fund, in which case the main "quid-pro-quo" was between the donation and the resultant deduction, not between the donation and the actual seating rights. Sports teams and organizations employing seat licenses Some of the teams that have seat licenses include: Automotive racing Auto Club Speedway PSL Circuit of the Americas PSL Kentucky Speedway PSL Texas Motor Speedway PSL Major League Baseball Arizona Diamondbacks Legacy Club Seat Licenses Minnesota Twins Legends Club Memberships (effective at Target Field only) San Diego Padres Founders Club Memberships San Francisco Giants CSL Charter Seat Licenses St. Louis Cardinals Ballpark Founders Club Seat Licenses National Basketball Association Charlotte Hornets PSL Golden State Warriors Membership Instituted in 2017 for all season tickets at the team's future home of Chase Center, opening in 2019. The Warriors became the first NBA team with a broad-based PSL. The PSL, which runs for 30 years, can either be given back to the team or transferred at any time, although it cannot be sold for more than its face value, prorated for the number of years remaining on the license. At the end of the license period, the face value of the license will be returned to the original owner (or heirs) if it has never been transferred. If the license is transferred, the team must be notified of the price; if the price paid falls short of the full price less payments already made, the team will return the difference to the original owner at the end of the license period. The PSL operates as an interest-free loan to the team. Toronto Raptors PSL Used only for the best seats at Scotiabank Arena; also provides rights for Maple Leafs tickets. Utah Jazz PSL Instituted in 1987 by then-owner Larry Miller only for courtside seats at the