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July 06, 2005
I Don't Want No Cubs
Posted by Nick
The Chicago Cubs scalp their own tickets (and apparently it's legal).
I was recently pointed to the web page of a disgruntled fan (click here) who found out that a ticket re-seller is owned by the same company that owns Wrigley Field, the Tribune Company. And of course, the ticket reseller charges much more than the face value.
Why? Some guesses: you get the extra income without the negative publicity of raising ticket prices. The Tribune Company also gets to hide income in a subsidiary, which might be useful when negotiating with Major League Baseball over revenue sharing issues. Regardless of the economic motivations, disgruntled fans filed a lawsuit, which the Tribune Company eventually won
Isn't it possible to do a better job of pricing so they don't need to do this?
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