StubHub to be­come of­fi­cial re­sale source for MLB tick­ets

The Covington News - - SPORTS -

SANFRAN­CISCO— EBay Inc.’s ticket-re­selling sub­sidiary StubHub an­nounced a five-year dealWed­nes­day night mak­ing it the of­fi­cial source of sec­ondary tick­ets for Ma­jor League Base­ball.

The agree­ment puts StubHub in charge of sec­ondary ticket sales atMLBAd­vanced Me­dia LP’s In­ter­net site MLB.com, and for in­di­vid­ual team sites, such as the San Fran­cisco Gi­ants’ SF­Giants.com.

Fi­nan­cial terms were not dis­closed. But StubHub spokesman Sean Pate said MLB, which is owned by the 30 base­ball fran­chises in Canada and the United States, would share rev­enue with the e-com­merce com­pany.

Buy­ers at StubHub.com pay a 10 per­cent fee, while sell­ers are charged a 15 per­cent com­mis­sion. If a base­ball ticket sells for $100, the buyer pays $110 and the seller pock­ets $85, so $25 would go to StubHub and the base­ball teams.

StubHub buy­ers paid more than $400 mil­lion for tick­ets last year, gen­er­at­ing more than $100 mil­lion in rev­enue for the com­pany.

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