FIFA World Cup Tickets: On September 24, 2024, Council convention, I requested a Study Meeting on Staff failure. To achieve Council direction on debates for the FIFA World Cup 2026 and Super Bowl events. At the Council’s August 27 meeting Staff. Exposed that they had failed to follow the Council course to attain repayment of all event costs. Including public care costs.
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They admitted that, in the desecration of Measure J. They had already consumed City funds on Stadium processes in the form of uncompensated Staff time and incidentals on the Super Bowl and FIFA World Cup 2026. Staff also designated that it would be acceptable to them to backfill the dead that the 49ers had agreed to with community Stadium Authority funding.
The aim that Santa Clara is negotiating so nighttime in the game. While nearly all the other World Cup cities have already completed their deals for the matches, is that Al Guido. CEO of the 49er-controlled Management Company (ManCo) made a clandestine deal with FIFA without ever referring the City Council.
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Hidden Agendas: The Concealed FIFA World Cup Addition and Its Impact on Santa Clara
On June 13, 2022, Guido employed an Addendum agreement with FIFA on behalf of the Stadium Expert. As ManCo’s CEO and also signed as CEO of the Bay Zone Host Committee. He continued to skin the details of this Addendum from the Stadium Expert. During the same time that ManCo was selling a restoration of the Organization Agreement that the Council had finished.
Guido’s contribution to the making of the Addendum contract was a serious violation of state battle of interest laws. Because he had a monetary interest in his role as CEO of the 49ers Stadium Business (Studio). Studio owns the luxury sets at Levi’s Stadium because he ciphers the Addendum. It can book a substantial income for the Football World Cup 2026 and Super Bowl.
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Legal Fallout: The Path Forward for the FIFA 2026 Stadium Authority Amid Fraud Claims
Guido’s defense of his illegal activity was a serious material oversight that gives apparent grounds for the Stadium Specialist not only to declare the FIFA 2026 Addendum void. But to withdraw the Settlement Agreement as having been gotten through fraud.
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Instead, the Googins decided to keep much of the fillings of the Addendum hidden from the community, making it more difficult to impose conflict of interest violations. Fast forward to Tuesday night: I pointed out that as an outcome of Staff having already spent public capital on preparing for Guido’s money-losing contract, they had put the City and Stadium Expert late the eight ball.
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Strategic Financial Planning: Preparing for the Impacts of the Football World Cup 2026 Assignment
Staff now have to transfer to get back money that they already consumed. They should stop selling until all this money has been salaried. They should not re-start exchanging until they include all monetary losses that the City and Stadium will hurt as the result of assigning the World Cup event. Stadium non-NFL income is used to pay for NFL public safety costs that surpass the cap.
Loss of net revenue will result in a shortfall in the capability to make these payments. In addition, any lost income that comes from the transmission of the FIFA World Cup 2026 rent reduces recital rent for that year, a portion of which is needed for the City to receive fair market custody for the use of the land on which the Stadium sits. If the Stadium Authority doesn’t get refunded for all of its losses.
Then the public is funding StadCo and Guido who will benefit from the happening. This would be a violation of state conflict of attention law and the Management Agreement. It also would disrupt just plain common intellect. Councilmembers Raj Chahal, Suds Jain, Karen Hardy, and Kevin Park all voted to deny my petition.
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