PRESS RELEASE

SEATWAVE SOLD FIVE PER CENT OF SEATS AT HATTON\'S VICTORIOUS HOMECOMING

May 27, 2008

Seatwave, the UK’s leading fan-to-fan ticket exchange, is today reporting that five per cent of the 55,000 sell-out crowd at last weekend’s Ricky Hatton homecoming fight bought their tickets through its site.

This statistic clearly shows the high demand for Seatwave’s service, which allows fans a second chance to get their hands on must-have tickets to high-profile events.

Joe Cohen, founder and CEO of Seatwave says: ‘Hatton’s homecoming fight was a clear indication of a thriving secondary ticket market, and a great example of fan power! With five per cent of seats in the stadium being exchanged on our site, that’s nearly 3000 fans who were able to see Ricky triumph in his home town thanks to our service.’

The tickets for last Saturday’s Hatton fight, his first since losing to Floyd Mayweather in Las Vegas last December, sold for an average price of £100 on Seatwave. The highest ticket went for just £630, compared with the staggering £3,050 paid to see the Las Vegas bout last year. A significant amount of tickets for Manchester’s fight have even sold below face value.

These falls in price can in part be attributed to the high number of tickets available on the secondary market for the fight which has increased supply and thus brought prices down.

Cohen continued: ‘This fight also showed us that when a large amount of fans are able to sell their tickets on sites like Seatwave, a busier market is created, supply is increased, and prices fall. This is great news for fans desperate to see heroes such as Hatton in action.’

The following statistics show secondary ticket market activity for this event on Seatwave.com, the UK’s largest fan-to-fan ticket exchange:

Comparison to previous events:


Event: Ricky Hatton Vs. Juan Lazcano
Date: 24th May 2008 – City of Manchester Stadium, Manchester

Average selling price per ticket: £100
Most expensive ticket sold: £630
Least expensive ticket sold: £40


Event: Ricky Hatton Vs. Jose Luis Castillo
Date: 23rd June 2007 – Thomas & Mack Center, Las Vegas

Average selling price per ticket: £150
Most expensive ticket sold: £575
Least expensive ticket sold: £69



Event: Ricky Hatton Vs. Floyd Mayweather Jr.
Date: 8th December 2007 – MGM Grand, Las Vegas

Average selling price per ticket: £703
Most expensive ticket sold: £3,050
Least expensive ticket sold: £450


Event: Ricky Hatton Vs. Jose Luis Castillo
Date: 23rd June 2007 – Thomas & Mack Center, Las Vegas

Average selling price per ticket: £150
Most expensive ticket sold: £575
Least expensive ticket sold: £69

Comparison to similar event:

Event: Joe Calzaghe Vs. Mikkel Kessler
Date: 3rd November 2007, Cardiff Millenium Stadium

Average selling price per ticket: £99
Most expensive ticket sold: £750
Least expensive ticket sold: £50


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For further information please contact

Louise Rutter / Verity Williams
Portland PR
T. 020 7404 5344
E. /

About Seatwave
Seatwave is the UK's largest fan-to-fan ticket exchange. Seatwave was launched in February 2007 by Joe Cohen, ex Ticketmaster and ex match.com, and early stage Venture Capital firm, Atlas Venture. It has more than 400,000 tickets on sale at any one time, 20 times more than eBay. Seatwave guarantees that tickets come only from legitimate sources and will represent them accurately and honestly. All tickets include 'TicketCover™' free of charge, providing a 100% money-back guarantee for event cancellation and a number of other possible misfortunes. The company is based in London. www.seatwave.com

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