A PYMNTS Company

UK: Wembley stadium merger referred to Competition Commission

By  |  March 23, 2013

An already-completed deal that lands the contract to manage Wembley Arena in the hands of AEG Facilities UK has been referred to the Competition Commission, the Office of Fair Trading announced Friday. Wembley was previously under control of Live Nation Entertainment. The OFT raised concerns over the deal noting that AEG currently operates three major live entertainment arenas in London already, including the O2 arena. The deal may reduce competition in the market, the regulator said, as there are few venues that can hold such large audiences in the London area. The deal could potentially increase ticket costs as well as fees for entertainment promoters.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: OFT

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.