Attorney General Eric T. Schneiderman has announced a multi-state settlement with the National Football League resolving antitrust concerns about the NFL’s league-wide mandatory price floor policy.
The policy required each of the 32 NFL member teams to impose a price floor on all secondary market ticket sales on the NFL’s Ticket Exchange and related websites officially sanctioned by the league.
Under this arrangement, which the NFL terminated after the investigation began, sellers were not permitted to list tickets for resale on the NFL’s officially sanctioned resale sites at a price lower than the face-value of the ticket.
“No sports fan should be forced to buy, or sell, a ticket at an artificially inflated price,” said Attorney General Schneiderman. “Under the NFL’s price floor scheme, fans were forced to pay inflated prices for even the least desirable NFL games. That is a slap to both sports fans and free markets. My office will continue to fight for the rights of sports fans and concert goers by ensuring that secondary markets are free and competitive. In the meantime, I encourage every NFL team—and every team in professional sports—to heed the call of all sports fans and remove price floors from every team-authorized secondary ticket market.”
As a result of Attorney General Schneiderman’s investigation, the NFL eliminated its league-wide mandatory price floor policy during the course of the investigation.
This settlement is part of the Attorney General’s continued efforts to address troubling practices in the markets for sports and entertainment tickets.
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