Thomas-Henry questions host committee fundraising and budget
Thomas-Henry asks how revenue from local and corporate funding was shared between FIFA and New York City. Lasry says any funding the host committee raised went to the host committee and into World Cup operations.
Thank you, Chair.
So first question, as part of the chair of the host committee, one of the responsibilities is securing local and corporate funding for events.
Sorry, what was that?
Securing local and corporate funding for the events throughout the city.
How was that revenue shared between FIFA and the city of New York?
Any sponsorships?
Any funding that we raised went to the host committee.
FIFA did their own fundraising.
So anything went to the host committee and then...
Any corporate sponsorships that we personally raised for went to us.
And then where does that money go?
So that went into operations as well for the World Cup.
So we had a...
We had a budget that we had to raise for.
So we would go to corporate partners to try to raise to help fill the budget gaps.