Tickets: Price Caps
The question
To ask the Secretary of State for Culture, Media and Sport, what assessment she has made of the potential merits of protecting authorised sales of debenture tickets above face value in proposed legislation on ticket sales.
Answered by Ian Murray
The government response to our consultation on the resale of live events tickets recognised that debenture schemes operate differently from one-off events tickets and allow venues to generate secure, up-front revenue that can be invested in bringing world-class sporting, music and other live events to the public.
As the response set out, we believe there is a good case for a narrow exemption to allow event organisers to authorise debenture holders to resell tickets in excess of the price cap. We will continue to explore how this exemption should be defined so that it does not undermine the overall effectiveness of the price cap.
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