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Lots of Stubhub tickets appearing from Michigan allotment

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February 7th, 2012 at 7:04 PM
#1
ThadMattasagoblin
Joined: 08/24/2011
MGoPoints: 1545
Lots of Stubhub tickets appearing from Michigan allotment

Not limiting tickets appears to have been a mistake as tickets are popping up everywhere on the Michigan sideline for 400+ dollars.

http://www.stubhub.com/kick-off-classic-tickets/alabama-vs-michigan-9-1-2012-4008854/ 

895 wins most in college football

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February 7th, 2012 at 7:10 PM | This may be a stupid question (Score:1)
Jmilan
Joined: 10/13/2011
MGoPoints: 113

This may be a stupid question and off topic, but when do tickets for the MSU and UM game go on sale?

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February 7th, 2012 at 7:14 PM | Not till later in the summer. (Score:1)
Hoek
Hoek's picture
Joined: 01/29/2010
MGoPoints: 1429

Not till later in the summer.

Go Blue

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February 7th, 2012 at 7:14 PM | Capitalism my friend. (Score:5 Normal)
NorthSideBlueFan
NorthSideBlueFan's picture
Joined: 08/28/2009
MGoPoints: 2111

.

"... never forget that Ohio is still a four-letter word."
-Bob Ufer

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February 7th, 2012 at 7:35 PM | Which sideline is the (Score:1)
jonny_GoBlue
jonny_GoBlue's picture
Joined: 09/05/2009
MGoPoints: 4340

Which sideline is the Michigan sideline?

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February 7th, 2012 at 7:36 PM | A bigger mistake.. (Score:1 Normal)
HELLE
HELLE's picture
Joined: 07/26/2011
MGoPoints: 280

Would have been to limited ticket sales and to not sell our allotment. Selling out looks great for the University. The market will now set the price. My guess is that the price will creep back to face value a couple weeks before the game.

Go Blue!

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February 7th, 2012 at 7:59 PM | Why would it go down?  It's (Score:4 Normal)
jmblue
Joined: 11/07/2008
MGoPoints: 26839

Why would it go down?  It's the opening game for both teams, so the hype for the game will only increase as it gets closer.

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February 7th, 2012 at 10:12 PM | If I remember correctly you (Score:2 Normal)
Mr. Rager
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Joined: 11/16/2011
MGoPoints: -677

If I remember correctly you could get UTL tickets for about $50 cheaper (per ticket) the week before the game than any time before.

However, I think that was in direct correlation to them losing to USF in week 1.  

I don't see the Bama tickets reducing in price much.  People will continue to book flights / commit to going to see this game, thus I feel the demand should increase.

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February 7th, 2012 at 11:58 PM | per Stubhub: (Score:1)
HELLE
HELLE's picture
Joined: 07/26/2011
MGoPoints: 280
per Stubhub:
"Price competitively from the start. In most cases, ticket prices drop as the event approaches. So pricing too high with a ' wait and see' approach could mean you'll get less for your tickets in the end – or not sell them at all."
 
I see this everytime I have used Stubhub. People want to get rid of their tickets at a profit so they price it the lowest. Then more people start doing this when they start to realize "man, I got to get rid of these tickets". As the event gets closer, mass panic takes over and that's how you end up with $6 Big Ten Championship tickets and $30 Sugar Bowl tickets. Heck, even the National Championship Game dropped from $1400 to $900 a week before the game. These are two top ten teams playing at a nuetral site, that is nowhere near them. I don't see how the hype will get any greater than we already anticipate it to be at.

Go Blue!

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February 8th, 2012 at 9:40 AM | Though every once in a while, (Score:1)
rcm
rcm's picture
Joined: 09/16/2009
MGoPoints: 462

Though every once in a while, the market will see an increase, and you'll get those people that see a spike when their tickets sell and then they renege on their sale. Happened to me with 2010 season tickets: I bought 2nd row student section seats for $750, seller told me he 'couldn't find them', then saw him re-list for $1000 or so. 

Go Blue! Always.

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February 8th, 2012 at 10:42 AM | You're assuming that the (Score:1)
blueblood06
Joined: 01/06/2011
MGoPoints: 38

You're assuming that the current ticket price matches "the hype" that exists now.  If no one buys tickets for $400, the ticket prices will come down, even as people get more excited. 

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February 7th, 2012 at 8:33 PM | It's not a bowl game. There (Score:5 Normal)
andrewG
andrewG's picture
Joined: 10/20/2010
MGoPoints: 649

It's not a bowl game. There is no chance  of Michigan not selling out their allotment to the season opener.

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February 7th, 2012 at 9:30 PM | Yeah..... (Score:3 Normal)
Bosch
Bosch's picture
Joined: 04/03/2009
MGoPoints: 3923

It will look great for Michigan when you look around our designated sections and see non Michigan fans sprinkled through out, many of whom will be  rooting against Michigan.

 

All right Lemmings. Bring the heat.

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February 7th, 2012 at 7:40 PM | Kind of strange that (Score:1)
93Grad
Joined: 07/26/2011
MGoPoints: 352

these tickets have sold far better and for more money than the Sugar Bowl.  Obviously Bama is a much better opponent, but the Sugar Bowl in New Orleans is no slouch. 

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February 7th, 2012 at 8:02 PM | It's not strange at all. (Score:5 Normal)
snarling wolverine
Joined: 12/14/2011
MGoPoints: 955

It's not strange at all.  It's much easier - and cheaper - for fans to plan a trip seven months in advance than one month in advance.  

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February 7th, 2012 at 9:08 PM | ouch (Score:0 Redundant)
htownwolverine
htownwolverine's picture
Joined: 09/02/2009
MGoPoints: 2536

ouch

Who is Jon Falk?
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February 7th, 2012 at 7:43 PM | StubHub is a horrible (Score:1 Normal)
sitdown248
sitdown248's picture
Joined: 01/28/2011
MGoPoints: 207

StubHub is a horrible organization.  It just legalizes scalpors.  Seriously, I just see event after event's attendance get ruined by StubHub.  Will this game be full?  Should be, but it makes no sense for universities to even sell tickets anymore when another group will just sell half of them at enormously cheap or expensive rates.  

Does the concept sound bad?  Not really, but the effective certainly seems to be.  Sugar Bowl tickets were all over StubHub thanks to the great partnership, but nobody seemed to buy them up.  I just don't think the site does what it needs to do.

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February 7th, 2012 at 7:51 PM | I love Stub Hub.. (Score:3 Normal)
HELLE
HELLE's picture
Joined: 07/26/2011
MGoPoints: 280

And other after market ticket brokers. How else are you supposed to get tickets if an event is sold out?

Go Blue!

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February 7th, 2012 at 8:05 PM | It just legalizes (Score:5 Normal)
snarling wolverine
Joined: 12/14/2011
MGoPoints: 955

It just legalizes scalpors.

What's so bad about that? I don't see why scalping is illegal in the first place. Once you've bought a ticket, it's your property. You should be able to do what you want with it, including sell it.

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February 7th, 2012 at 8:37 PM | You don't see anything bad (Score:3 Normal)
andrewG
andrewG's picture
Joined: 10/20/2010
MGoPoints: 649

You don't see anything bad about people who buy tickets just so they can resell them at a profit? They don't benefit the entity selling the tickets and they hurt the people trying to buy the tickets by depriving them of a fair and reasonable price.

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February 7th, 2012 at 9:00 PM | No - that doesn't bother me. (Score:5 Normal)
snarling wolverine
Joined: 12/14/2011
MGoPoints: 955

No - that doesn't bother me.  People can buy tickets for any reason they want.  They don't have to go to the game if they don't want to.  If a guy can make a living by reselling tickets, hey, more power to him.

Anyway, what scalpers really do is increase the supply on the market.  Whether the price rises or falls thereafter depends on the demand of the event.  If it's not a sellout, the price will drop below face value.  If it is, the price will rise above face value - but if it weren't for the scalpers, the ticket wouldn't be available in the first place.

In the case of the Sugar Bowl, scalpers were the only way to get a cheap ticket.  If you bought it through U-M or VT, you had to pay through the nose.  

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February 7th, 2012 at 10:06 PM | Econ 101 (Score:3 Normal)
MGoSoftball
MGoSoftball's picture
Joined: 10/18/2010
MGoPoints: 2780

well stated.  It looks like you stayed awake in class.  +1 to you good sir.

StubHub is the great equilizer.  For example, a random Detroit Tigers game on a Wednesday in July is well below market value.  So it gives a family of 4 an opportunity to get lower box seats and a meal for under $100.

These seats are cheaper because every season ticket holders cannot possibly go to all games.  Thus they have to unload them cheaper than the box office.

From the Red Cedar Message Board:  "God hates us."  Yes He does Lil Bro, yes he does.  Everyone hates you.

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February 7th, 2012 at 9:10 PM | they hurt the people trying (Score:5 Normal)
jmblue
Joined: 11/07/2008
MGoPoints: 26839

they hurt the people trying to buy the tickets by depriving them of a fair and reasonable price.

But what is "fair and reasonable"? It often goes the other way. For games against teams like EMU, U-M often has a few thousand extra $70 tickets for sale that are hard to move. They're hard to sell because you can easily obtain a ticket for below face-value (sometimes far below it) from a scalper. Without the scalper you'd be forced to pay the $70.

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February 7th, 2012 at 9:17 PM | This ^^^ (Score:2 Normal)
justingoblue
justingoblue's picture
Joined: 11/16/2010
MGoPoints: 8061

On the flip-side, the AD isn't getting a "fair and reasonable" price for, say, the ND UTL game. Brandon said he thought he could sell 200,000 tickets, yet the price point on those tickets didn't change (obviously there are some good reasons for this, such as offsetting the EMU price, or not pissing off season ticket holders).

If every game was done by "fair and reasonable", I'm betting the AD would have sold out the UTL game at two or three times what people paid for tickets from the University.

IMO, nothing can be more fair than supply meeting demand, which is how scalper prices are set.

Home delivered, gourmet food in A2. Prepared by justingoblue's aunt.

http://www.juicykitchen-a2.com/

 

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February 7th, 2012 at 10:45 PM | An alternative approach: To (Score:3 Normal)
03 Blue 07
03 Blue 07's picture
Joined: 07/01/2008
MGoPoints: 1638

An alternative approach: To combat this issue you raise that the school isn't getting any benefit, I thought the Chicago Cubs had deals with brokers where they have to buy certain tickets/amounts/packages. It mitigates the risk of a sudden drop in demand. If U of M had a deal with StubHub like that, that would obviously be good for U of M. The thing is, though, the AD made this decision- to allow certain people to buy unlimited amounts-- knowing what would happen, I would have to assume. Hell, maybe it's like a kickback to the people who give the most money. Which I'm not totally opposed to (I'm not one of those people getting the kickback, nor will I be any time soon).

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February 7th, 2012 at 10:52 PM | Well, I wasn't exactly saying (Score:1)
justingoblue
justingoblue's picture
Joined: 11/16/2010
MGoPoints: 8061

Well, I wasn't exactly saying that the AD didn't get any benefit, just expanding on jmblue's argument that scalpers can help bring prices down with the counter that the University's ticket prices don't accurately reflect demand on the other side with high-end games. Obviously, they feel their strategy is beneficial, or they wouldn't have it.

I agree with you that there are benefits to a) keeping prices set for the reasons I listed in my first post and b) what you said about hedging bets by selling off blocks of tickets (and you won't get StubHub to agree to buy five thousand EMU tickets without offering OSU tickets as well).

Home delivered, gourmet food in A2. Prepared by justingoblue's aunt.

http://www.juicykitchen-a2.com/

 

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February 7th, 2012 at 9:16 PM | Arbitrage baby (Score:2 Normal)
Tacopants
Tacopants's picture
Joined: 07/06/2008
MGoPoints: 2206

Not that I support it, but it will happen.

Anyways, I'm not sure those listings are even from the AD alotment.  You generally need to have the tickets on hand in order to list IIRC, and nobody's getting their tickets until mid July from the ticket office.  Those tickets might actually be sponsor's tickets or something.

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February 8th, 2012 at 12:21 AM | You can still sell on Stubhub (Score:1)
HELLE
HELLE's picture
Joined: 07/26/2011
MGoPoints: 280

You can still sell on Stubhub without the tickets in hand. You just don't get paid until the tickets are received by the buyer.

Go Blue!

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February 8th, 2012 at 12:33 AM | A lot of people are missing (Score:1)
MDave
MDave's picture
Joined: 05/20/2010
MGoPoints: 298

A lot of people are missing the fact that UofM endorses Stubhub.  It's the "Official" buy or sell marketplace Michigan tickets.  If it was so bad for the AD, why would they be endorsing it?

Food for thought.....

"It's what you learn after you know it all that counts." - John Wooden

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February 8th, 2012 at 11:10 AM | Don't hate the system... (Score:1)
Drbogue
Joined: 07/22/2011
MGoPoints: 148

StubHub allowed me to score 2 tickets, Section 1, row 40 for the Ohio game from down here in Florida last season for < $300/ticket. No way I was going to get tickets to that game, on the 50, without a lot of hassle. Paid, printed tickets, moved on. And they are officially associated with the UofM ticket office so fraud is very unlikely. Scalpers will exist whenever you have a big time event, but my tickets were from season ticket holders and StubHub was an easy mediator for the transaction.

In Hoke we trust...

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February 7th, 2012 at 7:45 PM | I hope (Score:2 Normal)
San Diego Mick
Joined: 05/11/2011
MGoPoints: 312

That people who bought tickets from U-M's allotment will be savvy enough to sell tickets to M fans, please let this be the case.

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February 7th, 2012 at 7:47 PM | choice (Score:2 Normal)
acnumber1
acnumber1's picture
Joined: 10/19/2009
MGoPoints: 2245

Don't get a choice who you sell it to if posted on stubhub, do you?

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Touchdown Billy Taylor!

Touchdown Billy Taylor!

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February 7th, 2012 at 7:53 PM | Nope (Score:1)
HELLE
HELLE's picture
Joined: 07/26/2011
MGoPoints: 280

I sold Big Ten Championship ticket on Stub Hub and I didn't have any idea who I was selling it to.

Go Blue!

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February 7th, 2012 at 10:02 PM | That needs to change. (Score:2)
jmblue
Joined: 11/07/2008
MGoPoints: 26839

That needs to change.  There's no reason why you shouldn't be able to know whom you're selling it to.

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February 8th, 2012 at 12:30 AM | I understand your point (Score:1)
HELLE
HELLE's picture
Joined: 07/26/2011
MGoPoints: 280

but I love going to away games. That would throw a major wrench in me getting tickets at a decent price. Nebraska is already going to be expensive enough, lol.

Go Blue!

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February 8th, 2012 at 11:13 AM | That makes no sense (Score:1)
Drbogue
Joined: 07/22/2011
MGoPoints: 148

It's a free market. Why should you need to know who you are selling your ticket to? It's a ticket to a football game, not a gun. Besides, there is no way to verify fan allegiance on a ticket website.

In Hoke we trust...

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February 7th, 2012 at 8:04 PM | Speaking of tickets (Score:1)
UMxWolverines
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Joined: 03/01/2009
MGoPoints: 3650

Does anyone have 2 tickets for either Northern Michigan hockey games next week they'd be willing to sell?

I have Hokeamania

40-34...Hail. I still hate tsio...7 months til we meet again.

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February 7th, 2012 at 8:19 PM | Try the facebook group (Score:1)
CleverMichiganR...
CleverMichiganReference's picture
Joined: 07/18/2008
MGoPoints: 4047

You might have better luck here:

http://www.facebook.com/groups/80487667016/

I've been called a "hockey valkyrie" by those who don't know me.

Follow the Children of Yost now, worry about how to keep the ladies at bay later: http://twitter.com/#!

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February 7th, 2012 at 8:49 PM | Misdirected ire (Score:3 Normal)
Tater
Tater's picture
Joined: 08/13/2008
MGoPoints: 8971

Stubhub is neutral.  It's the assholes who have enough money to have amassed "points" who are buying tickets and putting them on stubhub instead of giving Michigan fans the opportunity to buy them who really suck.

The office should get the ticket numbers and take all "priority points" away from anyone who put their tickets up on StubHub.  If they did it the week before the game, at least there would be the excuse that "something came up and I can't go."  

This is just a money grab, and the people doing it should be punished for gaming a system that is supposed to ensure that bona fide Michigan fans get tickets in the Michigan section.  I say take away their season tickets and tell them they can start out at the bottom of the list.

http://tinfoilhatsportsblog.blogspot.com/

 

 

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February 7th, 2012 at 9:18 PM | yes thats what the athletic department (Score:2 Normal)
ccdevi
Joined: 08/08/2010
MGoPoints: 306

is going to do penalize people with lots of points, ie the people who give the school a lot of money, to benefit those who dont.  Thats right of the how to run an athletic department playbook.

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February 7th, 2012 at 10:34 PM | So their donations to the AD (Score:2 Normal)
Needs
Joined: 08/05/2008
MGoPoints: 2507

So their donations to the AD should entitle them to garner outsized profit from their preferred access to unlimited tickets while limiting the ability of other fans to purchase tickets at face value? 

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February 7th, 2012 at 10:46 PM | In a word: yes. (That's what (Score:2)
03 Blue 07
03 Blue 07's picture
Joined: 07/01/2008
MGoPoints: 1638

In a word: yes. (That's what he's saying).

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February 8th, 2012 at 10:34 AM | I don't think it's "should" (Score:1)
bigmc6000
Joined: 01/12/2009
MGoPoints: 1034

as much as it is "does."  If a perfect world, sure, they would punish those people but we live in a world where the only thing that makes the AD exist is the tons of cash they get from those people and as long as they are the hand that feeds the AD isn't going to bite them.  Wrong or not that's just how it works *shrug*

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February 7th, 2012 at 9:20 PM | Well, this can't really be a (Score:2)
Bando Calrissian
Bando Calrissian's picture
Joined: 07/02/2008
MGoPoints: 7395

Well, this can't really be a surprise, though, can it?  Heck, season ticket holders got emails from Athletics encouraging them to use StubHub to sell off extra seats for Michigan football, basketball, and hockey.  It's a bonafide part of Athletic Department marketing, and an easy payday so they get a cut of the secondary market.

They have a point in tracking these people down, but at the same time, they plastered the entire stadium concourse with StubHub ads and run StubHub promotions at other sporting events.  So either StubHub is OK, or it isn't.  What's it going to be?

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February 7th, 2012 at 10:12 PM | Brandon is not dumb (Score:1)
MGoSoftball
MGoSoftball's picture
Joined: 10/18/2010
MGoPoints: 2780

he cant beat it so he might as well join it.  The AD gets a kickback from every tic sold.

From the Red Cedar Message Board:  "God hates us."  Yes He does Lil Bro, yes he does.  Everyone hates you.

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February 7th, 2012 at 9:20 PM | Well, this can't really be a (Score:2)
Bando Calrissian
Bando Calrissian's picture
Joined: 07/02/2008
MGoPoints: 7395

EDIT:  Double

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February 7th, 2012 at 8:56 PM | Doesn't the Athletic (Score:2)
Bando Calrissian
Bando Calrissian's picture
Joined: 07/02/2008
MGoPoints: 7395

Doesn't the Athletic Department's sponsorship/relationship with StubHub give them a cut on these sales?  Or is that only for season tickets entered into StubHub through the University system?

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February 7th, 2012 at 9:07 PM | I called the ticket......... (Score:3 Normal)
Bosch
Bosch's picture
Joined: 04/03/2009
MGoPoints: 3923

office today to confirm that my ticket order yesterday was going to remain valid as I was slightly concerned that they oversold.  I was reassured that, since I only puchased 4, I was certain to get tickets.  However, some of those assholes who bought extra tickets to flip in order to try to make a buck are going to be in for a surprise when they don't actually get their complete order filled.

Since I'm on that subject, I don't understand how someone who claims to be a Michigan fan, one with a decent amount of priority points mind you, can rationalize screwing fellow Michigan fans out of the opportunity for tickets by buying up the allotment and reselling them to potentially non Michigan fans.  If I'm sitting next to some obnoxious Bama fans, I'm going to be less than pleased.

Edit:  Just read Taters comment..... kind of takes dulls the impact of my second paragraph.

All right Lemmings. Bring the heat.

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February 7th, 2012 at 11:38 PM | While I don't understand the (Score:2)
jmblue
Joined: 11/07/2008
MGoPoints: 26839

While I don't understand the mentality of these sellers either, what they're doing isn't necessarily all bad for the fanbase as a whole.  

There are probably a lot of diehard Michigan fans who had no idea that the tickets were on sale this week.  There may be many other fans who want to go but didn't have the opportunity to buy tickets from the school because they didn't have the necessary points.   If no one had put tickets on Stubhub, both of those groups of fans would be frozen out.  What the secondary market ends up doing is giving fans more total opportunities to buy tickets, albeit sometimes at inflated prices.   

 

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February 8th, 2012 at 12:21 AM | I didn't assume anything.... (Score:2)
Bosch
Bosch's picture
Joined: 04/03/2009
MGoPoints: 3923

Note the use of strategically placed keywords such as "potentially" and "if."

 

All right Lemmings. Bring the heat.

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February 7th, 2012 at 10:04 PM | Spot on (Score:2 Normal)
cozy200
cozy200's picture
Joined: 01/02/2011
MGoPoints: 328

Couldnt agree more. Said this on the other post as well. Had a friend buy 10 to sell so he could go to the game for free. Not hating on that so much as his claim to be a huge fan but couldnt name a player from the 97 squad. Same kinda dude who sells his utl tix for the cash and doesnt even watch the game at home. I guess it means more to me then just money. It stands for something. Just not what i like to see happen. Cheapens the game to me and is very frustrating.

Its called a royale with cheese

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