A Private Sale Transfer is a transfer of ownership of a Personal Seat License arising from a sale arranged privately or through a third-party service or advertisement. If a Current Owner has sold a Personal Seat License to someone they may not know, transferring ownership through a Private Sale Transfer guarantees both parties a safe and secure transaction and eliminates all risk to either party. In a Private Sale Transfer, the Marketplace will hold the New Owner’s (Buyer’s) money until the transfer is approved by the Premium Seating Services Office. Once the transfer is approved by the Premium Seating Services Office, the Current Owner (Seller) will receive the funds. The fee for a Private Sale Transfer is 5% of the cash sale price and is paid by the New Owner (Buyer).