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.”
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