Posted on 01/09/2025 9:00:18 PM PST by RandFan
The [Labour] government has announced plans to cap the price of resale tickets in a clamp-down on ticket touts who bulk buy tickets and then resell them for huge profits.
The cap would apply to tickets in the live events industry including sport, music, comedy and theatre.
It was one of the government's election promises, after complaints from fans and concert-goers about the massively inflated cost of some resale tickets.
A public consultation will now be launched to consider the cap and how much it will be - anywhere from the ticket's face value or up to 30% on top of the original price.
(Excerpt) Read more at bbc.co.uk ...
Recently saw one NBA game going for $7. They usually start around $100 to $900 - per game. One Taylor in New Orleans ticket was going for $78,000. One left out of four. Someone eventually snagged it - plus fees.
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