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Viagogo
Viagogo, stylized by the company as viagogo, is a multinational ticket exchange and ticket resale brand. It is registered in the United States (Delaware) and has been owned by StubHub since 2021.McCormick, Bret (28 February 2022),Dealmaking, the full return of live events, and league and team business up for grabs are positioning sports ticketing for years of growth, ''Sports Business Journal'' It was founded in London in 2006 by Eric Baker as an amateur online marketplace for consumers to buy and re-sell tickets to sports, music, theatre and comedy events.The controversial business model of the company has always been in the headlines. The company has failed to pay the sellers and deliver tickets to the buyer in uncountable instances. Viagogo is backed by investors such as Index Ventures, Brent Hoberman, Jacob Rothschild, and Bessemer Venture Partners. In February 2020 the company purchased StubHub for $4 billion with the merging process finalized in 2022. The company has ...
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Viagogo, stylized by the company as viagogo, is a multinational ticket exchange and ticket resale brand. It is registered in the United States (Delaware) and has been owned by StubHub since 2021.McCormick, Bret (28 February 2022),Dealmaking, the full return of live events, and league and team business up for grabs are positioning sports ticketing for years of growth, ''Sports Business Journal'' It was founded in London in 2006 by Eric Baker as an amateur online marketplace for consumers to buy and re-sell tickets to sports, music, theatre and comedy events.The controversial business model of the company has always been in the headlines. The company has failed to pay the sellers and deliver tickets to the buyer in uncountable instances. Viagogo is backed by investors such as Index Ventures, Brent Hoberman, Jacob Rothschild, and Bessemer Venture Partners. In February 2020 the company purchased StubHub for $4 billion with the merging process finalized in 2022. The company has been ...
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StubHub
StubHub is an American ticket exchange and resale company. It provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events. By 2015, it was the world's largest ticket marketplace. While the company does not currently disclose its financials, in 2015 it had over 16 million unique visitors and nearly 10 million live events per month. StubHub was founded in 2000 by Eric Baker and Jeff Fluhr. The company was acquired by eBay for $310 million in 2007, and again acquired in 2020 by Viagogo. History 2000–2007 StubHub was founded in March 2000 as a class project by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. One of its first major sports deals was with the Seattle Mariners in 2001. In 2002, eBay was in talks to acquire StubHub for US$20 million, although the agreement had later "fallen apart over price." While StubHub initially intended to "build a ticket transaction s ...
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Eric Baker (businessman)
Eric H. Baker (born May 1973) is an American businessman, the founder and CEO of Viagogo, and co-founder of StubHub. Early life Baker was born in May 1973. He was born and grew up in Los Angeles. Baker graduated from Harvard College in 1995, and received an MBA from Stanford Business School in 2001. Career Baker worked for McKinsey & Company for two years, and then Bain Capital, a private equity firm in Boston. Baker co-founded StubHub in 2000, with fellow Stanford classmate Jeff Fluhr, initially as part of a Stanford competition from which they withdrew after being chosen as finalists due to concerns that someone might take their idea. While Fluhr dropped out of Stanford to focus on StubHub full-time, Baker opted to not immediately join the company. While he was completing his MBA, the site launched without him in October 2000. He rejoined StubHub as its president in 2001. However, Baker and Fluhr clashed on the direction of the company and Baker was fired from StubHub in 200 ...
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Ticket Exchange
A ticket exchange, also known as a secondary ticket outlet, is a market where tickets are bought and sold. Ticket exchanges allow people to buy and sell tickets online. Typically, ticket exchanges are used by individuals wanting to buy or resell tickets from other individuals rather than from the event the ticket is for. Originally, this industry was dominated by street-based touts working outside large events and venues, buying tickets cheaply from people who had spares and selling them on to last-minute buyers. While some street touts may still exist, the advent of the internet has transformed the practice. Secondary markets today are predominantly online. There are two niches of ticket exchanges, also called secondary marketplaces: event tickets and travel reservations. Ticket exchange in events The event ticket exchange business is predominantly dominated by Viagogo, alongside its long-time rival StubHub which it merged with in 2021. Among these big online ticket marketplaces, ...
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EBay
eBay Inc. ( , often stylized as ebay) is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via retail sales through online marketplaces and websites in 190 markets worldwide. Sales occur either via online auctions or "buy it now" instant sales, and the company charges commissions to sellers upon sales. eBay was founded by Pierre Omidyar in September 1995. It has 132 million yearly active buyers worldwide and handled $73 billion in transactions in 2023, 48% of which were in the United States. In 2023, the company had a take rate (revenue as a percentage of volume) of 13.81%. The company is listed on the Nasdaq Global Select Market and is a component of the S&P 500 and formerly the Nasdaq-100. eBay can be used by individuals, companies and governments to purchase and sell almost any legal, non-controversial item. eBay's auctions use a Vickrey auction (sealed-bid) proxy bid system. Buyers and sellers may r ...
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Ticket Resale
Ticket resale (also known as ticket scalping or ticket touting when done for profit) is the act of reselling ticket (admission), tickets for admission to events. Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets. Tickets sold through secondary sources may be sold for less or more than their face value depending on demand, which tends to vary as the event date approaches. When the supply of tickets for a given event available through authorized ticket sellers is depleted, the event is considered "sold out," generally increasing the market value for any tickets on offer through secondary sellers. Ticket resale is common in both spectator sport, sporting and concert, musical 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 ...
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Premier League
The Premier League is a professional association football league in England and the highest level of the English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Football League (EFL). Seasons usually run from August to May, with each team playing 38 matches: two against each other team, one home and one away. Most games are played on weekend afternoons, with occasional weekday evening fixtures. The competition was founded as the FA Premier League on 20 February 1992, following the decision of clubs from the Football League First Division, First Division (the top tier since 1888) to break away from the English Football League. Teams are still promoted and relegated to and from the EFL Championship each season. The Premier League is a corporation managed by a Richard Masters (football), chief executive, with member clubs as shareholders. The Premier League takes advantage of a £5 billion domestic televi ...
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Manchester United FC
Manchester United Football Club, commonly referred to as Man United (often stylised as Man Utd) or simply United, is a professional football club based in Old Trafford, Greater Manchester, England. They compete in the Premier League, the top tier of English football. Nicknamed the Red Devils, they were founded as Newton Heath LYR Football Club in 1878, but changed their name to Manchester United in 1902. After a spell playing in Clayton, Manchester, the club moved to their current stadium, Old Trafford, in 1910. Domestically, Manchester United have won a joint-record twenty top-flight league titles, thirteen FA Cups, six League Cups and a record twenty-one FA Community Shields. Additionally, in international football, they have won the European Cup/UEFA Champions League three times, and the UEFA Europa League, the UEFA Cup Winners' Cup, the UEFA Super Cup, the Intercontinental Cup and the FIFA Club World Cup once each. Appointed as manager in 1945, Matt Busby b ...
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