SBD/April 17, 2013/Franchises

Yankees, StubHub Reach Settlement On Pickup Location After Closed-Door Talks

The Yankees and StubHub yesterday reached a settlement agreement in their legal fight in Bronx Supreme Court, the result of more than seven hours of closed-door negotiations. Terms of the settlement were not disclosed, but it is expected StubHub's intended pickup location at 68 E. 161st St. near Yankee Stadium will remain closed and the company will stay outside of a 1,500-foot buffer zone around the ballpark. Yankees attorney Jonathan Schiller said, "You'll see what happens physically. We're pleased with the settlement. We think it's in the public interest and our client's interest." StubHub declined to comment. The two entities were due to appear in court yesterday on the club's intention to gain an injunction against the pickup spot, arguing it violated New York state law prohibiting ticket resale near permanent venues with at least 5,000 seats. But Judge Lizbeth Gonzalez, having already granted a temporary restraining order against the pickup spot, pressed them to seek a resolution, and the club and StubHub stayed in chambers all day before appearing to confirm the existence of the settlement. The Yankees opted out of the five-year contract renewal between StubHub and MLBAM and have established a rival secondary ticketing offering in partnership with Ticketmaster. The Yankees and StubHub are due back in court May 7 for a formal ratification of the settlement deal.
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