LOS ANGELES (CelebrityAccess MediaWire) – The National Football League has signed on for another five years with Ticketmaster to operate the NFL Ticket Exchange.
The exchange, which opened in 2008, provides a secondary market place for football fans to buy and sell tickets to NFL games for all 32 of the league’s teams. Ticketmaster verifies that the tickets are legitimate, provides tickets with new bar codes and facilitates payment and ticket printing services through the exchange’s Ticketfast system.
According to Ticketmaster, the exchange has quadrupled in size in the three years that it has been in operation.
"We are looking forward to building upon the success of our Ticketmaster partnership," said Neil Glat, the NFL’s senior vice president of corporate development. "Ticketmaster has proven that our ticket resale product has benefitted our fans and clubs. NFL Ticket Exchange provides our fans a secure, guaranteed and convenient way to buy and sell tickets using Ticketmaster’s TicketFast secure barcode technology. We are excited to work with Ticketmaster to make the fan experience even better."
Terms of the renewed agreement were not officially disclosed but a source told the SportsBusiness Journal that the deal was worth $200 million. – CelebrityAccess Staff Writers