House Democrats Press StubHub CEO for Answers Over Ticket Resale Fund: ‘Potential Grift’
Categoria: Musica
The ranking member of the House Oversight Committee sent a new demand for answers about Eric Baker's firm Andro Capital.
Por Billboard | 22/10/2026
Democrats in the U.S. House of Representatives are continuing to probe StubHub CEO Eric Baker about ties between the ticket resale platform and his own broker fund. House Oversight Committee ranking member Rep. Robert Garcia (D-Calif.) sent Baker a letter on Thursday (Oct. 22) requesting documents and information about Andro Capital. The letter, first obtained and exclusively reported by Billboard , comes three months after Garcia first opened an investigative inquiry into the fund’s relationship with StubHub. Related StubHub Under Scrutiny From House Dems Over CEO’s ‘Alleged Collusion’ With Ticket Broker Diddy Moved From New Jersey Prison to Similar Facility in Pennsylvania Weezer to Receive Legend of Live Award at 2026 Billboard Live Music Summit StubHub disclosed in regulatory filings ahead of its IPO last year that its CEO is also a part-owner and managing partner of Andro, which buys bulk ticket inventory directly from event organizers and then resells them on the secondary market. Baker’s fund has generated revenue of more than $5 million transacting on StubHub since 2022, with StubHub keeping a percentage-based fee of that revenue. An affiliate of Andro, called Colloquy Capital, also has a contract with StubHub to lend short-term financing to other resellers on the platform. Garcia’s first letter in July was directed to Baker in his capacity as StubHub CEO, seeking records from the publicly traded resale platform to investigate whether it’s engaged in “collusion” with Andro. StubHub denies anything untoward in its relationship with Andro. The company’s lawyers have responded to the Oversight Committee by claiming that Andro is one of several above-board vendors that transparently contribute to StubHub’s overall business. As conversations remain ongoing between Garcia’s team and StubHub, Thursday’s letter targets Baker instead in his capacity as Andro’s managing partner. This time, the congressman is seeking “information about the role that Andro Capital plays in the ticket market and how the relationship between Andro Capital and StubHub may unfairly raise costs for consumers and limit profits for artists.” “The financial ties between Andro Capital, its affiliate Colloquy Capital, and StubHub — and your personal connection to all three of these companies — raise concerns that Andro Capital or its affiliates could be receiving favorable placement or other advantages in the resale market at the expense of buyers and sellers of smaller numbers of tickets,” reads the letter. Related StubHub Customer Can’t Bring Class Action Lawsuit Over CEO’s Ticket Broker Fund Specifically, Garcia is asking Baker to provide all communications between Andro and StubHub, as well as an accounting that shows the flow of cash between the two companies. The letter sets a response deadline of Nov. 5. As was the case with Garcia’s initial StubHub letter in July, Democrats are the minority party in Congress and thus do not have any power to enforce su