By Prof Dr Ian Blackshaw
The English Premier League New Season has kicked off with spectators once more present in the stadia, and with it has also come a call for new rules on online tickets resales for sporting events.
The UK Competition and Markets Authority (CMA) has called for the tightening up of the rules on the resale of tickets for sporting and other events in a move against ticket touts and resellers who speculatively sell tickets that they do not own.
It was reported that tickets for the recent Euro 2020 final at Wembley Stadium were being resold by ticket touts for up to £35,000 each!
The CMA propose to make the following changes to the existing law:
Currently bulk buying of tickets by professional resellers of tickets who then sell them at inflated prices is illegal, but swift and effective action by the authorities is not presently possible.
Latest estimates show that tickets sold in 2019 through secondary platforms was around £350 million.
The proposed changes would provide additional legal protection to punters who are keen to return to live sporting and other events following the Pandemic lockdown.