LONDON (CelebrityAccess MediaWire) — Thousands of music fans may be left without refunds following the collapse of U.K. secondary ticket agency Ticket Tout Ltd., which currently owes approximately £2 million ($3.8 million) in refunds.
About 6,500 fans have been hit by the company’s demise, after shelling out hundreds of pounds each to see acts such as the Police, the Killers, Arctic Monkeys and Dolly Parton this year. The fans have been warned that it is “extremely unlikely” they will get any sort of refund, according to The Guardian.
The U.K.’s culture secretary Tessa Jowell may take this latest ticket reseller collapse as the necessary push to install a complete ban on the resale of tickets in the country.
Ticket Tout’s demise comes a year after another firm, Getmetickets.net, was shut down by the government after being branded as a rip-off. Ticket Tout’s director was a former employee of the company.
In a letter to creditors, Ticket Tout said “a vast number” of people were expecting tickets for future events. “Regrettably, the company will be unable to provide these to you as it is not in possession of the tickets.”
The company has been placed in administration and has shut down its London headquarters. The joint administrators said the total debts “appear to amount to just short of £2 million, of which £1.4 million relates to monies paid by consumers for tickets which cannot now be supplied.” –by CelebrityAccess Staff Writers