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World Cup Final Tickets Fetch RM9 Million Each on Resale Market; FIFA Explains Pricing Model

World Cup Final Tickets Fetch RM9 Million Each on Resale Market; FIFA Explains Pricing Model

From Utusan Malaysia · (11m ago) Malay Mixed tone

Translated from Malay, summarized and contextualized by DistantNews.

TLDR

  • Four World Cup final tickets were reportedly resold for approximately $2.3 million each.
  • FIFA stated it does not control resale prices but charges a 15% service fee to both buyers and sellers on its platform.
  • The revenue generated from the World Cup will be reinvested into football development globally.

The upcoming World Cup final is generating significant buzz, not just for the on-field action but also for the astronomical prices being commanded in the secondary ticket market. Reports indicate that four tickets for the July 19th final at MetLife Stadium in East Rutherford, USA, have been listed on the resale market for a staggering $2.3 million (approximately RM9 million) each. These seats are situated behind the goal on the lower tier, in block 124. FIFA has clarified its position on these exorbitant prices, stating that while the organization does not regulate the resale market, it does impose a 15% service fee on both the buyer and seller for transactions conducted through its official platform. This model, FIFA explains, aligns with standard industry practices for major sporting and entertainment events in North America. The governing body also pointed out that its dynamic pricing approach is consistent with industry trends, aiming to optimize sales and attendance while ensuring fair market value. Crucially, FIFA emphasized that all revenue generated from the World Cup will be channeled back into the development of football across its 211 member associations worldwide, underscoring the tournament's broader mission beyond the immediate spectacle.

FIFA telah mewujudkan model jualan tiket dan pasaran sekunder yang mencerminkan amalan standard pasaran tiket untuk acara sukan dan hiburan utama di negara tuan rumah.

— FIFAFIFA's statement explaining their ticketing and secondary market model aligns with standard practices for major events in host countries.
DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.