Resold sport and music tickets boost local business by £733m, study shows

  • 📰 BelfastLive
  • ⏱ Reading Time:
  • 43 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 77%

UK & World News News

Tendendo

The economic impact of the secondary ticketing market found that 7,736 full-time equivalent jobs were supported by purchases made via the help of the platforms

Sport and music enthusiasts who have purchased resold tickets have injected a substantial £733 million into local businesses that support live events.

The analysis was conducted by the Centre for Economics and Business Research and commissioned by viagogo, which also surveyed 2,000 adults. The poll disclosed that nearly a quarter of sports fans' budgets is spent on food and drink at and around the stadium during a match. Kate Stewart, who owns The Sandon Pub in Liverpool, close to Anfield Stadium, commented: "As a small business we depend on the guaranteed footfall generated by full attendance at live events."

Cris Miller, global managing director at viagogo, stated: "At almost three-quarters of a billion pounds, secondary ticketing in the UK makes a significant contribution to the UK economy. Whether watching their favourite sports teams or musical act, fans are unquestionably passionate about live events and are willing to invest in the full experience."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beyonce and Blur boost UK economy by £8billion as music industry starts thriving again...Crowds build up outside Murrayfield as die hard fans wait for Taylor Swift gig
Source: TheSun - 🏆 64. / 61 Read more »