Levi’s Stadium made $8.8 million in non-NFL events last fiscal year. Santa Clara will get $0.

During the 2022-23 fiscal year, Levi’s Stadium hosted seven non-NFL events.

SANTA CLARA — Though Levi’s Stadium raked in $8.8 million in non-NFL event revenue last year, no money from that tranche will go to the city’s general fund due to ongoing legal disputes with the San Francisco 49ers.

When looking at the budget earlier this year, Finance Director Kenn Lee told the council at last week’s meeting that the city’s legal team opted to put Santa Clara’s half of the profits into a legal contingency fund “because of potential liabilities that may occur depending on the outcome” of arbitration with the 49ers.

Mayor Lisa Gillmor said she was “concerned” that the stadium has historically struggled to bring in money for the city. In a statement, 49ers’ Chief Financial Officer Peter Wilhelm disputed the mayor’s claim, stating that the recent financial report was “proof of how well-run and successful Levi’s Stadium has been.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

mercnews /  🏆 88. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jets vs. Patriots: Preview, prediction, what to watch forAn inside look at Sunday afternoon’s Jets-Patriots NFL Week 3 matchup at MetLife Stadium:
Read more »

Taylor Swift, Travis Kelce appear to leave stadium together after Chiefs winTravis Kelce and Taylor Swift appeared to leave Arrowhead Stadium together after the pop star came to watch the Kansas City Chiefs beat the Chicago Bears.
Read more »

Taylor Swift, Travis Kelce spotted leaving Arrowhead Stadium togetherThe Taylor Swift-Travis Kelce rumors are practically confirmed after the pair were recorded leaving Arrowhead Stadium after the Chiefs’ win on Sunday.
Read more »

Travis Kelce, Taylor Swift seen leaving Arrowhead Stadium together: ‘It was the best’If the rumor mill wasn’t already churning at DEFCON 1 then it sure will be after Travis Kelce and Taylor Swift were seen leaving Arrowhead Stadium together.
Read more »

The Houstan Texans beat the Jaguars 37-17 at Everbank StadiumJacksonville Jaguars take on the Houston Texans at the EverBank Stadium for their second home game
Read more »

Taylor Swift Cheers for Travis Kelce at Chiefs-Bears Game at Arrowhead StadiumThe pop star, rumored to be dating the NFL player, was shown next to Kelce’s mom on camera Sunday (Sept. 24). Swift was wearing a Kansas City Chiefs jacket.
Read more »