American ticket resale broker and subsidiary
The Competition and Markets Authority has fined StubHub UK nearly £900,000 for drip pricing, ordering refunds to more than 50,000 customers with an average payout of £10 per transaction. The company has admitted the breach and is ending the practice, with Viagogo also under investigation and an update due this summer.
Fans across the US report cancelled or nonexistent World Cup tickets bought on StubHub. Lawsuits have been filed alleging false sales practices; authorities are probing ticket deliveries, while FIFA and StubHub point to the event organizer’s infrastructure.
Canada and the United States have resumed intensive talks to avert steep US tariffs that could take effect this week. Ottawa has offered concessions, including removing a retaliatory auto tariff, while Washington has pressed provinces to lift bans on US alcohol and pushed demands on market access and content rules for autos. Negotiators are still finalising details.
Bob Iger and Josh Kushner have agreed to buy the Los Angeles Lakers from Mark Walter in a transaction valuing the franchise at about $12.5 billion. The sale has been announced this week, requires approval from the NBA Board of Governors and is subject to due diligence and Kushners divestment of a Miami Heat stake.
Pro-Palestinian backlash to Ed Sheeran’s Loop Tour has led to Macklemore’s removal from the lineup and to radio stations in Ireland halting Sheeran’s music, with supporters planning protests and ticket resale prices dropping in some markets.