Upgrade our venue or pay, Cosgrave tells Lisbon Web Summit’s contract with host city revealed

Paddy Cosgrave, founder of the Web Summit, is still feeling cramped Picture: Bryan Meade

Lisbon city council will have to pay compensation to the Web Summit if it does not upgrade a conference centre by October, according to local reports.

The Portuguese newspaper Publico has published parts of the contract which the capital city agreed as part of its plans to invest €110 million to keep the event until 2028. The reports also state that the contract includes an obligation that the Portuguese prime minister is requested ...