StarExclusive: MLSE won’t be on the hook for any costs associated with helping Toronto host the World Cup, as part of a “sweetheart deal” under which the company will be entitled to millions of dollars in revenue generated by the soccer tournament.
Maple Leaf Sports & Entertainment won’t be on the hook for any costs associated with helping Toronto host the World Cup, as part of a “sweetheart deal” under which the company will be entitled to millions of dollars in revenue generated by the soccer tournament.
According to the document, taxpayers will pay for improvements to the stadium and other hosting costs, while reimbursing MLSE for any lost revenue or expenditures the company incurs, including temporarily relocating its Canadian Football League and Major League Soccer franchises from BMO Field. But critics caution that the letter, which the city shared with the Star at the newspaper’s request, indicates Toronto may not be getting a fair deal.
He said the city shouldn’t be spending public dollars on a sporting event when it’s facing a budget crisis and an affordability crunch.
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