"Ryan Van Horne, a long-time season ticket holder for the Toronto Raptors, is reconsidering his subscription due to new Ontario legislation that caps resale ticket prices at face value. He expressed uncertainty about continuing, stating, 'Not that this was a for-profit thing, but the break-even makes absolutely no sense to me now.'"
"The new law complicates the situation for fans and franchises, as it restricts the ability to resell tickets at market value. Many season ticket holders, like Van Horne, resell tickets not for profit but to manage the high costs and demanding schedules of attending games."
"Experts, including sports business consultant Paul Beirne, suggest that while the law aims to prevent price gouging, it may lead to increased prices overall as the market adjusts to the new limitations on resale."
Ontario's new legislation limits resale ticket prices to face value plus certain fees, affecting season ticket holders like Ryan Van Horne. He questions continuing his 12-year subscription due to financial concerns. Previously, fans could resell tickets at market prices, but the new law complicates this for many. While some profited from reselling, others simply sought to attend games despite high costs and demanding schedules. Experts suggest that this law may inadvertently lead to higher ticket prices overall.
Read at www.cbc.ca
Unable to calculate read time
Collection
[
|
...
]