Overview
- CEO Reynold Hoover said the board supports Wasserman and that he does too, offering his first public remarks since the DOJ file release and the mayor’s call for Wasserman to resign.
- Hoover reported LA28 has surpassed $2 billion in sponsorship revenue, about 80% of its $2.5 billion goal, with no sponsor concerns raised and no disruption to daily operations.
- The LA28 board reaffirmed Wasserman’s position following an outside-counsel review that found his past interactions with Ghislaine Maxwell and Jeffrey Epstein did not go beyond what was already public.
- Los Angeles Mayor Karen Bass has urged Wasserman to step down, and Councilmember Monica Rodriguez criticized the board and introduced a City Hall resolution underscoring Olympic leadership values.
- The Los Angeles Times noted LA28’s private funding model with city backstops for cost overruns, and reported Wasserman’s plan to sell his talent agency as reputational scrutiny persists.