House Democrat Presses StubHub CEO Over Ticket Resale Fund

The top Democrat on the US House Oversight Committee has asked StubHub's chief executive, Eric Baker, for records about a ticket resale fund he part-owns. The letter, dated 22 October 2026, gives Baker until 5 November to respond. Billboard first obtained and reported the letter.

The fund is Andro Capital. It buys large blocks of tickets directly from event organisers, then resells them on the secondary market, the part of the business where fans buy from other buyers instead of from the original seller. Baker is a part-owner and managing partner of Andro. StubHub disclosed that link in regulatory filings ahead of its initial public offering (IPO, the first sale of company shares to the public) last year.

Money is at the centre of the request. According to Billboard, Andro has generated more than $5 million in revenue from transactions on StubHub since 2022, and StubHub keeps a percentage-based fee on that revenue. A company connected to Andro, Colloquy Capital, has a contract with StubHub to lend short-term financing to other resellers on the platform.

Rep. Robert Garcia, a California Democrat and the committee's ranking member, first opened an inquiry in July. That letter asked StubHub to describe how it listed, priced and delivered tickets sold on Andro's behalf. It also asked whether StubHub had engaged in "collusion" with Andro. The letter cited $100,000 in outstanding payments between Andro and StubHub Inc. and noted that StubHub had agreed to cover certain costs Andro incurred in managing tickets. Reports cited in that letter allege that StubHub worked with sophisticated scalpers to outbid ordinary customers and then resell tickets for profit.

A StubHub spokesperson responded in July. The spokesperson said Baker's investment in Andro had been publicly disclosed, and that Andro is a separate company and one of many vendors StubHub uses.

The October letter takes a different angle. It is addressed to Baker in his role as Andro's managing partner, not as StubHub's chief executive. It asks how Andro's place in the ticket market may raise costs for consumers and limit what artists earn. It also asks for all communications between Andro and StubHub, along with an accounting of the cash that has moved between the two companies.

Garcia put his view in a statement: "Eric Baker appears to be using his positions at Andro Capital and StubHub to profit, potentially at the expense of customers, fans and artists." It has not been tested in any hearing or court.

For ordinary fans, the story is about the money behind the ticket they are trying to buy. Who sells a ticket, who sets its price and who collects the fees can all change what someone pays at checkout. The letter does not say whether the committee will take further steps. Baker's written response is due by 5 November.