Odd Lots · Saturday, September 19, 2026
Gene Sykes, co-head of Global M&A at Goldman Sachs and president of the U.S. Olympic Committee, stated that the 2028 Los Angeles Olympic Games will be privately funded, with the exception of federal government assistance for security and logistics. He emphasized that the games will not require any new infrastructure construction due to the existing sports facilities in Southern California.
“Well, it's essentially privately funded in that there's no government support to put the games on, with the exception of the federal government playing a role in security and security-related logistics, things of that sort.”
“The idea of the privately funded games in Southern California, we have the best sports infrastructure here of any city in the world. We have more stadia and arenas and world-class places where sports already takes place. So we don't have to build anything.”