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Lockdown hitting ticket touts as 'Stubagogo' buyout branded 'worst timed acquisition in history'

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www.dailyrecord.co.uk

The future prospects of the world’s two biggest ticket tout sales platforms - and the touts who trade there - have been rocked by coronavirus.Industry expert Adam Webb has branded the $4 billion buyout of StubHub by rival Viagogo - Stubagogo - as “one of the worst timed acquisitions in history”.Industry investigator Reg Walker also said the deal now looks like a disaster, saying: “It looks like Viagogo boss Eric Baker and his financial backers have bought the last ticket for the Titanic for $4 billion”.Webb, campaign manager of the FanFair Alliance, told magazine IQ that financial evaluator Moody’s has downgraded Viagogo’s prospects from “stable” to “negative”.He believes that the jailing of two UK super touts earlier this year has made it

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