plenzmd1 Posted February 2, 2015 Share Posted February 2, 2015 (edited) So, it seems like lots of folks got stiffed after buying SB tickets from brokers not named StubHub or TicketExchange. Says in this article Stubhub ate $5M in tickets on Saturday to avoid defaulting or orders from some of the larger brokers that post on Stubhub. In essense, brokers typically sell tickets they do not have early in the week when prices on the street and web are high, then buy the tickets to fulfill the order later in the week as prices typically fall.It is called short selling, and works just like short selling a stock. However, as this article points out, a lot of those tickets are usually released by the NFL to players etc eraly in the week, but this year those types of tickets were not released until Saturday..thats why prices in StubHub were insane for this game . My gut tells me NFL wants to own the entire secondary market for this game...and this is the way to push the other guys out.Greedy Sons o Bithes Anyway, just thought it interesting, and also something we should all be aware of next year when we all scrambling to get tickets http://seattletimes.com/html/seahawks/2025594081_supertickets01xml.html Edited February 2, 2015 by plenzmd1 Link to comment Share on other sites More sharing options...
17 Josh Allen Posted February 2, 2015 Share Posted February 2, 2015 The greed of the NFL is beyond belief. I really wish some one like congress would put a stop to this non profit joke of a orginazation. Link to comment Share on other sites More sharing options...
Beef Jerky Posted February 2, 2015 Share Posted February 2, 2015 Hey as long as people keep paying. Can't blame the NFL for Supply and Demand that has been around forever. Link to comment Share on other sites More sharing options...
Maddog69 Posted February 2, 2015 Share Posted February 2, 2015 The greed of the NFL is beyond belief. I really wish some one like congress would put a stop to this non profit joke of a orginazation. Yeah, sure. Get someone non-greedy like congress to fix the problem. That should work. Link to comment Share on other sites More sharing options...
Buffalo Barbarian Posted February 2, 2015 Share Posted February 2, 2015 The greed of the NFL is beyond belief. I really wish some one like congress would put a stop to this non profit joke of a orginazation. That truly is the the most hypocritical, hilarious thing ever, but if we tax them it will cost jobs!! Link to comment Share on other sites More sharing options...
BillsFan-4-Ever Posted February 2, 2015 Share Posted February 2, 2015 WTF do they expect at $8,000.00 a ticket? Link to comment Share on other sites More sharing options...
Momentoftrth Posted February 2, 2015 Share Posted February 2, 2015 So, it seems like lots of folks got stiffed after buying SB tickets from brokers not named StubHub or TicketExchange. Says in this article Stubhub ate $5M in tickets on Saturday to avoid defaulting or orders from some of the larger brokers that post on Stubhub. In essense, brokers typically sell tickets they do not have early in the week when prices on the street and web are high, then buy the tickets to fulfill the order later in the week as prices typically fall.It is called short selling, and works just like short selling a stock. However, as this article points out, a lot of those tickets are usually released by the NFL to players etc eraly in the week, but this year those types of tickets were not released until Saturday..thats why prices in StubHub were insane for this game . My gut tells me NFL wants to own the entire secondary market for this game...and this is the way to push the other guys out.Greedy Sons o Bithes Anyway, just thought it interesting, and also something we should all be aware of next year when we all scrambling to get tickets http://seattletimes.com/html/seahawks/2025594081_supertickets01xml.html Nice heads up Link to comment Share on other sites More sharing options...
bbb Posted February 2, 2015 Share Posted February 2, 2015 So, it seems like lots of folks got stiffed after buying SB tickets from brokers not named StubHub or TicketExchange. Says in this article Stubhub ate $5M in tickets on Saturday to avoid defaulting or orders from some of the larger brokers that post on Stubhub. In essense, brokers typically sell tickets they do not have early in the week when prices on the street and web are high, then buy the tickets to fulfill the order later in the week as prices typically fall.It is called short selling, and works just like short selling a stock. However, as this article points out, a lot of those tickets are usually released by the NFL to players etc eraly in the week, but this year those types of tickets were not released until Saturday..thats why prices in StubHub were insane for this game . My gut tells me NFL wants to own the entire secondary market for this game...and this is the way to push the other guys out.Greedy Sons o Bithes Anyway, just thought it interesting, and also something we should all be aware of next year when we all scrambling to get tickets http://seattletimes.com/html/seahawks/2025594081_supertickets01xml.html So, they're trying to force everybody to use the TicketExchange, right? Link to comment Share on other sites More sharing options...
Fadingpain Posted February 2, 2015 Share Posted February 2, 2015 Of course the NFL is run by greedy billionaires. So is the entire country if you haven't figured that out yet. We whore everything out in the USA in the name of making a dime. Here's an idea: buy no NFL merchandise and go to no games. Link to comment Share on other sites More sharing options...
plenzmd1 Posted February 2, 2015 Author Share Posted February 2, 2015 (edited) So, they're trying to force everybody to use the TicketExchange, right? Yeah, my gut says that by holding the tickets back they give to players, sponsors etc(these are the ones that usually get sold to brokers) until Saturday, instead of the usual Tuesday, they knew the effect if would have on "short selling" brokers .They were just no tickets for them to buy. StubHub cant be happy eating $5M... someones bonus for the year just went poof...be interesting to see how they and other brokers handle the Super Bowl next year, they may just bail on it and say use TicketExchange...especially with the heavy demand from the Bills participation. Edited February 2, 2015 by plenzmd1 Link to comment Share on other sites More sharing options...
reddogblitz Posted February 2, 2015 Share Posted February 2, 2015 Hey as long as people keep paying. Can't blame the NFL for Supply and Demand that has been around forever. Uhm, except they are a legal monopoly with an anti trust exemption. If it weren't for football, I would hate the NFL. Link to comment Share on other sites More sharing options...
Nanker Posted February 2, 2015 Share Posted February 2, 2015 So the NFL is greedy as are the owners. But ticket brokers are pure as the driven snow and sincerely only looking out for the little guy - the fans of the teams. Got it. Link to comment Share on other sites More sharing options...
The Big Cat Posted February 2, 2015 Share Posted February 2, 2015 So the NFL is greedy as are the owners. But ticket brokers are pure as the driven snow and sincerely only looking out for the little guy - the fans of the teams. Got it. Yes. Seems like the only crime here is selling tickets...and expecting to make money. Link to comment Share on other sites More sharing options...
Sojourner Posted February 2, 2015 Share Posted February 2, 2015 Anyone know what was the average going rate for mid-tier seating at this SB? Link to comment Share on other sites More sharing options...
KD in CA Posted February 2, 2015 Share Posted February 2, 2015 Yes. Seems like the only crime here is selling tickets...and expecting to make money. Actually I thought scalping was still a crime. Not to mention fraud, of which it sounds like these brokers were guilty. Regardless, I'm having a little trouble ginning up the requisite outrage over the NFL potentially (if they actually did anything) closing a loophole that lets secondary brokers make a bundle off the NFL's signature event. I guess 'greedy scalpers' are better than 'greedy NFL' but I'm not sure why. The brokers screwed the individual fans, not the NFL. They sold a product and then told their customers 'tough sh--' when their fulfillment costs were higher than expected. That's the risk of doing business. I hope those dirtbags all get sued out of existence. Link to comment Share on other sites More sharing options...
plenzmd1 Posted February 2, 2015 Author Share Posted February 2, 2015 Anyone know what was the average going rate for mid-tier seating at this SB? well, beginning of the week it was around $2500 i would say. That was based on brokers figuring they would get the usual tickets on the street that get sold after the NFL releases that last tranche , usually on Tuesday. Come Thursday, the brokers starting scrambling when they could not get there hands on any tickets...tickets they had already sold mind you. By Saturday, cheapest seat in the house was going for $10K on Stubhub, so prolly $7500 at the venue. Actually I thought scalping was still a crime. Not to mention fraud, of which it sounds like these brokers were guilty. Regardless, I'm having a little trouble ginning up the requisite outrage over the NFL potentially (if they actually did anything) closing a loophole that lets secondary brokers make a bundle off the NFL's signature event. I guess 'greedy scalpers' are better than 'greedy NFL' but I'm not sure why. The brokers screwed the individual fans, not the NFL. They sold a product and then told their customers 'tough sh--' when their fulfillment costs were higher than expected. That's the risk of doing business. I hope those dirtbags all get sued out of existence. KD, interesting in that i guess the broker sites all clearly state that this could happen...and by clearly it is in the terms of service that we all read so carefully. And from what i have seen, no one has been screwed out of their money...they just did not get in the game. And for some reason scalping is still a crime, unless you do electronically. EBall can prolly explain that one...over my head Link to comment Share on other sites More sharing options...
KD in CA Posted February 2, 2015 Share Posted February 2, 2015 well, beginning of the week it was around $2500 i would say. That was based on brokers figuring they would get the usual tickets on the street that get sold after the NFL releases that last tranche , usually on Tuesday. Come Thursday, the brokers starting scrambling when they could not get there hands on any tickets...tickets they had already sold mind you. By Saturday, cheapest seat in the house was going for $10K on Stubhub, so prolly $7500 at the venue. KD, interesting in that i guess the broker sites all clearly state that this could happen...and by clearly it is in the terms of service that we all read so carefully. And from what i have seen, no one has been screwed out of their money...they just did not get in the game. And for some reason scalping is still a crime, unless you do electronically. EBall can prolly explain that one...over my head That's a good point, I'm sure they do cover themselves legally (but certainly not ethically). If this is a standard practice I can understand the NFL trying to cut them out of the system. Having fans left at the gate without tickets doesn't reflect well on the NFL. Link to comment Share on other sites More sharing options...
plenzmd1 Posted February 2, 2015 Author Share Posted February 2, 2015 That's a good point, I'm sure they do cover themselves legally (but certainly not ethically). If this is a standard practice I can understand the NFL trying to cut them out of the system. Having fans left at the gate without tickets doesn't reflect well on the NFL. Been going on forever. Long, long story, but i got tickets to the second Bills-Cowboys Super Bowl cause Murrays tickets screwed a whole bunch on Wisconsin fans when they made the Rose Bowl earlier that year. That was 20 years ago...so yes been standard practice for a long long time. Link to comment Share on other sites More sharing options...
Sojourner Posted February 2, 2015 Share Posted February 2, 2015 well, beginning of the week it was around $2500 i would say. That was based on brokers figuring they would get the usual tickets on the street that get sold after the NFL releases that last tranche , usually on Tuesday. Come Thursday, the brokers starting scrambling when they could not get there hands on any tickets...tickets they had already sold mind you. By Saturday, cheapest seat in the house was going for $10K on Stubhub, so prolly $7500 at the venue. KD, interesting in that i guess the broker sites all clearly state that this could happen...and by clearly it is in the terms of service that we all read so carefully. And from what i have seen, no one has been screwed out of their money...they just did not get in the game. And for some reason scalping is still a crime, unless you do electronically. EBall can prolly explain that one...over my head Thanks, how disgusting that it's likely only gonna get more expensive! I will not part with that kind of money to attend another SB. Well, not any time soon. Link to comment Share on other sites More sharing options...
thebug Posted February 2, 2015 Share Posted February 2, 2015 Does the NFL still a lottery for fans who want to buy tickets? Link to comment Share on other sites More sharing options...
Recommended Posts