SANTA CLARA — The city of Santa Clara filed an ethics complaint this week accusing the general manager of Levi’s Stadium of possible conflicts of interest by buying stocks in two companies that do work for the stadium.
The San Francisco 49ers, who manage Levi’s on the city’s behalf, disclosed in a letter to the city last week that stadium manager Jim Mercurio purchased stock from Visual Labs in 2017 and VenueNext in 2018.
He reported those stock purchases in annual economic disclosure forms filed with the city, but it wasn’t until a local blogger raised questions about the VenueNext stock that the team reviewed Mercurio’s finances and also questioned his stock ownership in Visual Labs.