ScoreBig Crashes

Ticket discounter ScoreBig laid off most of its staff Sept. 23 and briefly shut down sales through its website amid a reported liquidity crisis, according to multiple reports. 

The company has been on the market for some time, according to Amplify, and a last-minute deal fell through. Some inventory went back on sale the following day, but ScoreBig’s Twitter account was closed and calls and emails haven’t been returned.

Ticket brokers tell Amplify they haven’t been paid for inventory in months and, in some cases, canceled the barcodes for tickets already sold on the ScoreBig website.

The National Association of Ticket Brokers issued a memo, reported by Street & Smith’s SportsBusiness Daily, that said “the company’s senior secured debt holder is now making decisions about operations, wind down, or the sale of the business. Those decisions will be made very soon and are being discussed over the weekend. … While concern over ScoreBig’s status is entirely warranted, there is no definitive statement from ScoreBig that it will not be paying brokers for this weekend’s games or past accounts. We will know more on Monday.”

ScoreBig execs, according to Amplify, spent their weekend meeting with bankers and lawyers to keep the business operating, “after burning through $50 million in funding from VCs like Bain Capital, Hearst Ventures and Checketts Partners.”