covid-19 pandemic crisis

Amid Stubhub Layoffs & Liquidity Crisis, Ticket Brokers Push for a Bailout

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www.billboard.com

Do scalpers need a bailout?Groups like the National Association of Ticket Brokers are floating the idea as a possible solution for the ticket resale business, hit hard by the coronavirus pandemic and the mass event cancellations it has caused.

With sales virtually dead on resale sites like Stubhub and Gametime, brokers are being asked to refund customers for canceled events.

Problem is, they can't get own money back on the tickets they bought directly from sports leagues and Ticketmaster.That's because teams and promoters are trying to reschedule games, postpone concerts and do everything they can to avoid paying back tens of millions of dollars worth of tickets.

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