N.F.L. Agrees to Stop Calling for Price Floor on Resold Tickets

Attorneys general from Florida, Massachusetts, New York, Ohio, Pennsylvania and the District of Columbia announced a multi-state settlement with the National Football League (“NFL”) 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.

 

Read Attorney General Eric T. Schneiderman press release here.

“With the resolution of this matter, NFL football fans should benefit from a more competitive marketplace,” Florida Attorney General Pam Bondi said.

Read the NATB’s take on the settlement.

Read the settlement.