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Neil Freiman

πŸ‘€ Speaker
8739 total appearances
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Podcast Appearances

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

Tickets are still up for grabs for seemingly the most in-demand games.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

For the US's opener against Paraguay in Los Angeles Friday night, 4,400 tickets were still available for resale at a median price of over $800.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

Of course, these tickets could still be gobbled up prior to the game's beginning, but the prospect of the TV camera panning to empty rows at World Cup games would indicate that FIFA's big gamble on ticketing was a huge flop.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

For this World Cup, the soccer nonprofit changed everything about the process, maintaining direct control of ticketing and charging higher prices by far than any other World Cup in history.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

As the clock ticks down to the opening kickoff, it looks like that could have backfired.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

So we've heard a lot.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

You've heard a lot from me that this is the most expensive World Cup by far to attend.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

Let's put some numbers on that.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

So World Cup tickets across America, Canada and Mexico this year cost more than twice as much as they did in Qatar in 2022.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

and about four times as much as they did when the US last hosted the tournament in 1994, adjusted for inflation.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

And this has been a direct strategy by FIFA.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

The head of FIFA, Gianni Infantino, has argued that the North American market is, quote, a very special market where no one complains about ticket prices when you go to a concert or an NFL game.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

He calls this a once-in-a-lifetime experience for North American fans to experience the World Cup and go to games.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

So

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

That's why they've changed up their whole process.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

They've introduced things like dynamic pricing, which they haven't before.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

And we are used to dynamic pricing here with concert tickets.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

And no one likes it.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

It's when demand goes up, ticket prices go up.

Morning Brew Daily
The World Cup Has a Ticket Problem & The First Ever Reverse-Aging Drug

When demand goes down, ticket prices go down.