New England Patriots suing Stubhub

aeroparrot · Post by **aeroparrot** » November 23, 2006 4:54 pm

http://www.boston.com/business/articles ... ng/?page=1

ragtopW · Post by **ragtopW** » November 24, 2006 9:15 pm

good for them..

ragtopW · Post by **ragtopW** » November 24, 2006 9:16 pm

good for them..

RinglingRingling · Post by **RinglingRingling** » November 24, 2006 9:36 pm

Ticket resales have boomed in recent years as the Internet has made it easier to bring buyers and sellers together. Industry sources estimate annual sales of $4 billion to $10 billion in the resale market, with giants such as StubHub, eBay, Craigslist, RazorGator, and Ticket Liquidator and a host of smaller agencies and websites reselling millions of tickets.

With so much money at stake, professional sports teams and companies that once shunned the shadowy world of ticket scalping now want a piece of the action. Ticketmaster, a company that collected $950 million in fees last year selling tickets to concerts, stage shows, and sporting events, is trying to make millions more reselling those same tickets. Major League Baseball has gotten into the resale business with the website Tickets.com. The four major professional teams in the Boston area all provide or will soon offer a resale service for season ticket holders online.

Many states are doing away with their antiscalping laws, prodded by teams and corporations eager to get a piece of the resale market. Florida, Louisiana, and South Carolina have scrapped or relaxed many of their regulations this year; Illinois and New York did the same last year.

so instead of illegal scalping, it's just legalized gouging by the teams (and probably other event hosts). If it were actually to prevent the gouging, it might be laudable. This is just one form of greed the owners/teams weren't bright enough to lock down for their own at the start. feh.