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When Chicago attorney Jerry Latherow paid $18,000 to buy four permanent seat licenses at Soldier Field last year, the Bears season ticket holder upgraded from a nearby section to get a better view of the scoreboard.

He may soon need a telescope, after the Bears signed a $197.2 million purchase agreement in September for Arlington International Racecourse, presaging the team’s move to a new stadium — 30 miles from his 50-yard-line seats at Soldier Field.

“I understand why the Bears would want to move,” said Latherow, 69. “And I know this will cost me money.”

Latherow is far from alone. The Bears sold 26,000 permanent seat licenses, or PSLs, priced between $765 and $10,000 each, to help fund the 2003 renovation of Soldier Field. While many of those seats have since changed hands, thousands of current PSL owners now face the prospect of their investments expiring worthless if the team packs up for the northwest suburbs.

The Soldier Field seat license terminates at “the end of the final home game of the last season in which the team plays home games in the stadium,” according to the Bears’ PSL agreement.

[ The Arlington Heights Bears? Here’s what to know about the possible move from Soldier Field, with reaction from City Hall to the suburbs. ]

Permanent seat licenses — the right to buy season tickets indefinitely — have become the norm in the National Football League over the last 25 years, leveraging sizable upfront investments from die-hard fans to build increasingly bigger and more elaborate stadiums. But PSL rights don’t transfer from stadium to stadium and in Chicago, where the Bears have had more than 40 starting quarterbacks since winning the Super Bowl in 1986, permanent may be a relative term.

The $690 million Soldier Field renovation, which critics have likened to a flying saucer crash landing atop the original Colosseum-like stadium, stripped the 1924 building of its national historic landmark designation, but kept the Bears in Chicago — at least until now.

Marc Ganis, president of Sportscorp, a Chicago-based sports consulting firm, said the renovated 61,500-seat Soldier Field — the smallest stadium in the NFL — was “economically obsolete” from the outset.