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Craigslist is a popular online classified marketplace that often has an extensive selection of goods and services for sale, including tickets for professional and collegiate sporting events.
Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket brokers who sold tickets for lower rates.
StubHub was founded in March 2000 as a class project [7] by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. [8] One of its first major sports deals was with the Seattle Mariners in 2001. [9] In 2002, eBay was in talks to acquire StubHub for US$20 million, although the agreement had later "fallen ...
Personal seat license. A personal seat license, or PSL, is a paid license that entitles the holder to the right to buy season tickets for a certain seat in a stadium. This holder can sell the seat license to someone else if they no longer wish to purchase season tickets. [1] However, if the seat license holder chooses not to sell the seat ...
Professional sports leagues also saw huge jumps in the average price of their tickets. According to LiveNation, on-site spending for food, drinks and merchandise rose by more than 10% from 2019 to ...
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Luxury box. The luxury box (or skybox [1]) and club seating constitute the most expensive class of seating in arenas and stadiums, and generate much higher revenues than regular seating. [2] [3] Club ticketholders often receive exclusive access to an indoor part of the venue through private club entrances, to areas containing special ...
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