The city’s letter also says MLSE will be compensated for any losses incurred through the need to temporarily relocate the Toronto Argos or Toronto FC, which are also owned by the company.
The letter states that net revenue earned during the World Cup will be split equally by MLSE and Toronto up to $10 million. If revenues exceed $10 million they will be split 60% for the city and 40 per cent for MLSE. Dave Haggith says that track record “played an important role in securing Toronto’s role as a host city for the largest sporting event in the world,” which he says is expected to generate hundreds of millions of dollars in economic benefits.
The organizing committee’s initial blueprint called for Canada and Mexico to each host 10 games with the U.S. staging the remaining 60, including all games from the quarterfinals on. Canada is expected to get more games now that the tournament group stage has been expanded.Article content
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