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SBD/December 13, 2012/Franchises
StubHub Likely To Pursue Yankees Fans Despite Team's Reported Ticketmaster Deal
Published December 13, 2012
THANKS, TICKET OAK: The Yankees are being joined by the Angels and Cubs in not opting into the league-wide deal, but StubHub President Chris Tsakalakis said the company will "continue to sell" tickets for those teams. Tsakalakis: "We’ll just deliver our tickets differently, and the truth is we cover all the other professional sports. We don’t have partnerships with every team, but we’re able to be the biggest and the best across professional sports” (“Markets Now,” Fox Business, 12/12). He said of the three teams not opting into the MLBAM deal concerns pricing, "These teams are very sensitive to market prices for tickets to see their games and they don't like it when tickets on StubHub have prices lower than their face value. They feel like they're being undercut.” Tsakalakis added, “There are times where tickets sell below face value, yes. That's true of every single major league sport. It's not just StubHub. It’s the market price. We don't set the market price, our sellers set the prices” (“CBS This Morning,” CBS, 12/12).