Attorney General Bondi Announces Settlement with NFL
TALLAHASSEE, Fla.—Attorney General Pam Bondi and five other attorneys general today announced a settlement with the National Football League resolving antitrust concerns about the NFL’s league-wide mandatory price floor policy. The policy required each of the 32 NFL member teams to impose a price floor on all secondary market ticket sales on the NFL’s Ticket Exchange and related websites officially sanctioned by the league. This policy, which the NFL terminated after the investigation began, prohibited sellers from listing tickets for resale on the NFL’s officially sanctioned resale sites at a price lower than the face-value of the ticket. “With the resolution of this matter, NFL football fans should benefit from a more competitive marketplace,” said Attorney General Bondi. The settlement prohibits a league-wide mandatory price floor policy and includes disclosure requirements in cases where an individual team imposes its own price floor. Additionally, the settlement prohibits the NFL from directing or requiring ticketing practices among teams that are designed to preclude fans from using competing exchanges and prohibits the NFL from interfering with an individual team’s efforts to coordinate anti-fraud measures with competing secondary ticket exchanges.
As part of the settlement, the NFL will pay more than $100,000 towards the costs of the multistate investigation. For a copy of the settlement agreement, click here. In addition to Florida, participants in the settlement include the District of Columbia, Massachusetts, New York, Ohio and Pennsylvania.