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As the ScoreBig crash threatens to leave thousands of fans stranded, many in the sports and live entertainment industry are waking up to an uncomfortable reality — the only real stopgap preventing a consumer crisis are ticket brokers.
ScoreBig has left many brokers looking at six or seven figure losses and a scary ethical dilemma — do they cancel the tickets of unwitting fans so they can recoup their losses and resell them to someone else, or do they allow the fan to attend the events and hope for some kind of settlement with ScoreBig? It’s a dangerous gamble — if ScoreBig goes into bankruptcy, the company will be liquidated and anything of value will first go to the investors. If brokers cancel barcodes and try to recoup their investment, that means canceling barcodes with no way to contact fans to let them know their tickets have been invalidated. Read more...
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