Key information
Request reference number: MGLA020824-8518
Date of response:
Summary of request
Request:
I am writing to request detailed financial information and any discussions related to WWE/UFC or WrestleMania events between the City of London and TKO Group Holdings, Inc. (TKO), particularly regarding the impact on London taxpayers under the Freedom of Information Act.
Specifically, I would like to obtain the following financial details:
Breakdown of Costs:
A comprehensive list of all direct and indirect costs incurred by the City of London or London taxpayers where payment between WWE/UFC/TKO and the City of London has been made, for hosting past WWE/UFC events.
Payment Records:
Documentation of any payments made directly from the City of London or London taxpayers to WWE/UFC, event organizers, or other entities to offset costs associated with hosting past events, as well as any discussions regarding these payments.
Future Payment Discussions:
Detailed information on any negotiations concerning potential future payments, to or from WWE/UFC, event organizers, or TKO, including any discussions about covering costs for future events in London. It would be helpful to compare these discussions to other large-scale events hosted at venues such as Wembley Stadium, London Stadium, the O2 Arena, Wembley Arena, etc, where the city does not make direct payments to the event organizers and the costs are primarily covered through venue rental fees, security, and other operational expenses.
Projected Costs and Income:
Estimates of projected costs and anticipated income for the City of London or London taxpayers if future WWE/UFC/TKO or WrestleMania events are hosted, along with any expected payment to the WWE/UFC, event organizers, or TKO and why this is different from the similar events where no payment or exceptions have been made by the mayor’s office or the City of London.
Future Updates:
Please keep me informed of any forthcoming updates, reports, or information regarding the financial impacts and details about hosting WWE/UFC/TKO or WrestleMania events in London. I appreciate your assistance in keeping me updated on any developments.
I would greatly appreciate it if you could provide the requested financial details at your earliest convenience. Should any information be unavailable or require further processing, please let me know, and I will be happy to clarify or narrow the scope of my request.
Our response to your request is as follows:
• Breakdown of Costs:
No costs
• Payment Records:
No costs
• Future Payment Discussions:
No future payment discussions have taken place with TKO, WWE/UFC. Please see enclosed mins to only current discussion that has taken place: FOI - World Wrestling Entertainment [Aug 2024] | London City Hall
• Projected Costs and Income:
We have no forecasted costs.