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<p>The firm has also signed partnerships with Chelsea and Manchester United to create official exchanges linked to their main sites.</p>
<p>After establishing itself in the UK, viagogo plans to open up a German site and eventually expand to the rest of Europe.</p>
<p>"<em>We estimate that the secondary ticketing market in Europe is currently worth approximately £4-5 billion a year, of which the UK market accounts for in excess of one billion pounds annually</em>," CEO Eric Baker told <a href="http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-08-18T030509Z_01_N17328631_RTRIDST_0_SPORTS-INTERNET-VIAGOGO.XML&rpc=66&type=qcna">Reuters</a>.</p>
<p>Baker moved to viagogo.com from StubHub.com in the US – a popular site where American fans can buy lastminute sports tickets, and whose model viagogo hopes to replicate.</p>
<p>Viagogo has received US$20 million in financing from backers including Danny Rimer of Index Ventures, and financier Lord Jacob Rothschild. Index Ventures is the lead outside investor.</p>
<p>Peter Kenyon, chief executive of Chelsea FC, said: “<em>This is a service for our fans that means more members will have more opportunities to buy tickets for matches than ever before.</em></p>
<p>“<em>By providing a secure and transparent environment, season ticket holders will be able to legally sell tickets they are unable to use to other loyal Chelsea fans at a consistent price. This will help the fight against ticket touts.</em>” </p>
<p>While viagogo's initial focus is on sports tickets, its site also features links to music concert and theatre and arts events.</p>
<p>Both Hoberman and Katz will sit on the company's advisory board. It is the second venture backed by the lastminute co-founder to be announced this week, after student social networking site <a href="http://www.univillage.com">Univillage.com</a> revealed him to be an investor and non-executive director.</p>
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<Paragraph>The firm has also signed partnerships with Chelsea and Manchester United to create official exchanges linked to their main sites.</Paragraph>
<Paragraph>After establishing itself in the UK, viagogo plans to open up a German site and eventually expand to the rest of Europe.</Paragraph>
<Paragraph>"<Quote>We estimate that the secondary ticketing market in Europe is currently worth approximately £4-5 billion a year, of which the UK market accounts for in excess of one billion pounds annually</Quote>," CEO Eric Baker told <Link URL="http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-08-18T030509Z_01_N17328631_RTRIDST_0_SPORTS-INTERNET-VIAGOGO.XML&rpc=66&type=qcna" Window="New">Reuters</Link>.</Paragraph>
<Paragraph>Baker moved to viagogo.com from StubHub.com in the US – a popular site where American fans can buy lastminute sports tickets, and whose model viagogo hopes to replicate.</Paragraph>
<Paragraph>Viagogo has received US$20 million in financing from backers including Danny Rimer of Index Ventures, and financier Lord Jacob Rothschild. Index Ventures is the lead outside investor.</Paragraph>
<Paragraph>Peter Kenyon, chief executive of Chelsea FC, said: “<Quote>This is a service for our fans that means more members will have more opportunities to buy tickets for matches than ever before.</Quote></Paragraph>
<Paragraph>“<Quote>By providing a secure and transparent environment, season ticket holders will be able to legally sell tickets they are unable to use to other loyal Chelsea fans at a consistent price. This will help the fight against ticket touts.</Quote>” </Paragraph>
<Paragraph>While viagogo's initial focus is on sports tickets, its site also features links to music concert and theatre and arts events.</Paragraph>
<Paragraph>Both Hoberman and Katz will sit on the company's advisory board. It is the second venture backed by the lastminute co-founder to be announced this week, after student social networking site <Link URL="http://www.univillage.com" Window="New">Univillage.com</Link> revealed him to be an investor and non-executive director.</Paragraph>
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2006-08-18T10:29:00+01:00
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<p>
<a href="http://www.viagogo.com">
<strong>Viagogo.com</strong>
</a>
<strong>, a new website aiming to muscle in on touts' earnings from football matches, has gone live in the UK.</strong>
</p>
<p>Backed by lastminute.com founder <strong>Brent Hoberman</strong> and <strong>David Katz</strong>, head of Yahoo’s sports and entertainment unit, the site provides an online exchange for fans to buy and sell unused tickets to games.</p>
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<Emphasis>Viagogo.com</Emphasis>
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<Emphasis>, a new website aiming to muscle in on touts' earnings from football matches, has gone live in the UK.</Emphasis>
</Paragraph>
<Paragraph>Backed by lastminute.com founder <Emphasis>Brent Hoberman</Emphasis> and <Emphasis>David Katz</Emphasis>, head of Yahoo’s sports and entertainment unit, the site provides an online exchange for fans to buy and sell unused tickets to games.</Paragraph>
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