CoSport explained

Jet Set Sports, LLC
Trade Name:CoSport
Industry:Hospitality
Services:Consumer hospitality packages and ticket reselling for the Olympic games
Type:Limited liability company
Founder:Sead Dizdarević
Hq Location City:Far Hills, New Jersey
Hq Location Country:United States
Areas Served:-->
Subsid:CoSport Australia Pty. Ltd.
Jet Set Sports GesmbH
Key People:Sead Dizdarevic
Alan Dizdarevic
Maria Jedrejcic
Owner:Sead Dizdarevic

Jet Set Sports LLC, d/b/a CoSport,[1] is a distributor of consumer hospitality packages and tickets to the Olympic games. It is a privately-held company established in 2000 and owned by Sead Dizdarevic. CoSport has the rights to market and sell consumer hospitality and premium ticket packages, as well as hospitality management services in Australia, Austria, Bulgaria, Canada, Jordan, Norway, Sweden, the United States, and other EU/EEA countries such as Croatia and Greece. It was the only official authorized Olympic ticket reseller in those countries from the 2006 Winter Olympics to the 2020 Summer Olympics.[2]

CoSport is a part of Jet Set Sports, which was founded in its original form in 1975 and first provided hospitality services to the Olympics in 1984, and is one of the leading providers of VIP and corporate Olympic hospitality packages.[3]

In March 2021, CoSport announced that people who purchased tickets for the Tokyo 2020 Olympics from the company would not be refunded the 20% service fee, with Alan Dizdarevic saying "There's nothing to give back of the 20%, because it's all been spent."[4] The reason given was that the Tokyo Organising Committee of the Olympic and Paralympic Games only agreed to refund the face value of the tickets to resellers and would not cover an associated loss of service fees.[5]

Notes and References

  1. Web site: CoSport™ - Terms and Conditions of Sale: Paralympic Games . CoSport . December 17, 2020 . August 15, 2019.
  2. Web site: Dent . Mark . 2022-02-12 . Is this the end of an Olympic ticket monopoly? . 2023-07-17 . The Hustle . en-US.
  3. Web site: Flamboyant millionaire becomes Olympics' ticket king . ScrippsNews . 2009-11-23 . 2011-10-19 . https://web.archive.org/web/20120425081126/http://scrippsnews.com/content/flamboyant-millionaire-becomes-olympics-ticket-king . 2012-04-25 . dead .
  4. News: Radnofsky. Louise. 2021-03-31. After Covid-19 Ban on Foreign Spectators at the Tokyo Olympics, a Refund Fight Is Just Beginning. en-US. Wall Street Journal. 2021-04-02. 0099-9660.
  5. Web site: 2021-03-28 . US customers will not get 20 per cent handling fee on Tokyo 2020 tickets back . 2023-07-17 . www.insidethegames.biz . Dunsar Media Company Ltd.