@BasiliskStare, we were originally told the the £26 million would be a government grant and no money was to come from Birmingham City Council. The difference would be covered by sponsorships.
Knowing a bit about local government finance, I was always very sceptical about this claim. There are statutory responsibilities that ONLY the local authority (aka the council) can pick up, such as the staffing costs for the licensing and planning functions, stadium safety, and carrying out its fucntion as a waste disposal authority. Yeah - getting the bins emptied. Such fun. How much is Invictus planning to pay for waste disposal, and to whom, exactly?
Then there's policing and security. Invictus and the IDF may well bring their own security, but (for example) Israel's Shin Bet cannot just rock up without having had prior approval from the UK Government, and they must liase with the Police and the local authority. (See: Eurovision.) All this is very costly in terms of staff time. We're not talking about junior officer level or even senior officer level here - more like Executive decision stuff. As the new Executive (the senior councillors who form the council's 'cabinet') have yet to be appointed, who knows what's going to happen? I don't think we know who the new Leader of the Council is at this point in time.
The Games themselves will probably require the Police to be on expensive overtime. The protests might be significant. I'm still not sure who's actually going to be paying for policing. The Birmingham MPs seem quiet.
Then there's road signage, road safety, permits, closures, traffic monitoring, congestion management, emergency planning, evacuation rehearsals, risk assessment & contingency readiness, environmental health inspections (food safety) - the list just goes on and on and on in respect of Council functions.
If Invictus has insufficient staff itself, it's going to be very messy.