#Olympics
“the government guarantees against any deficits of the #LA28 organizers. The City of #LosAngeles is responsible for the first $270 million, then the State of #California for the next $270 million and then back to the City for any more”
"I don’t believe that anybody in the City knows exactly what the books are”
"somebody in the City has got to know where they stand.
Otherwise, come July of 2028, there’s going to be a big bill put on the City’s desk” https://www.thesportsexaminer.com/los-angeles-2028-yaroslavsky-asks-assembly-committee-about-city-and-state-monitoring-of-olympic-and-paralympic-organizing-finances/
#football
“The odious message comes after #FIFA, #soccer’s international governing body, met with Trump Wednesday and reportedly got his assurance that the Iranian team would be welcome”
“Aside from the Iran question (and the badly planned war), the Trump administration has badly managed preparations for the #WorldCup. Host cities haven’t received hundreds of millions of dollars in funding for security, leading to a cancellation of public fan fests across the country” https://newrepublic.com/post/207691/trump-warns-iran-men-soccer-team-world-cup
Trump Issues Dark Warning to Iran Men’s Soccer Team Ahead of World Cup

President Trump says the Iran team should stay out of the World Cup.

The New Republic
#football #soccer
#FIFA’s operating budget has been cut for the #WorldCup, including those working on safety, logistics, security and accessibility. All 4 people had been told the cuts comfortably exceeded $100m and that the order for tighter cost controls had come from #FIFA’s headquarters”
#FIFA would argue that it therefore deserves praise for going to the most lucrative market in the world and extracting maximum value before distributing the spoils” https://www.nytimes.com/athletic/7103618/2026/03/10/fifa-world-cup-budget-cut/
FIFA cuts World Cup 2026 operating budget by over $100m

Cost controls ordered by world governing body despite projecting record revenues from this summer's tournament

The Athletic

#Olympics #LosAngeles
Shot: #LA City Council Unanimously Votes for Reevaluation of Casey Wasserman’s #LA28 Leadership https://www.thewrap.com/culture-lifestyle/culture/casey-wasserman-la28-olympics-chair-city-council-vote-resolution/

Chaser: #LA28 Ignores Wasserman Rebuke By #LA City Council: “On Track To Deliver A Successful Olympic & Paralympic Games” https://deadline.com/2026/03/epstein-casey-wasserman-la-politicians-vote-1236753473/

LA City Council Unanimously Votes for Reevaluation of Casey Wasserman's LA28 Leadership

The L.A. City Council voted Friday in favor of Casey Wasserman's removal/staying on as the LA28 Olympics Organizing Committee Chairman

TheWrap
#NewYork #NYC
“the city comptroller recently estimated in a budget report that, even if the event were as successful as predicted, the city would spend more on direct costs, like policing, than it would receive in additional tax revenue”
“Sports economists earlier told THE CITY that the earlier #FIFA estimate was wildly out of line with previous #WorldCup event”
“Another factor could be the Trump administration’s policies abroad and at the border” https://www.thecity.nyc/2026/03/20/world-cup-economy-business-tourism-hotels-revenue/
World Cup Economic Bump Is Starting to Look Like a Bust

With less than three months before the tournament starts, hotels have fewer advance bookings than they did this time last year when there were no special events.

THE CITY - NYC News
#LosAngeles #Olympics
“The City requires unambiguous language in the ECRMA to foreclose any scenario in which funds might go back to the wealthy backers and investors of the #LA28 organization without reimbursing taxpayer-funded extraordinary costs”
“an angry memorandum and has gone to the unusual step of publicly demanding #LA28 “[u]phold the zero-cost principle and promise to the Council and the public”
“receding level of trust between the City and #LA28 organizers” https://www.thesportsexaminer.com/los-angeles-2028-l-a-city-attorney-demands-la28-guarantee-citys-security-costs-especially-if-not-federally-funded/