ICANN New gTLD Auction Proceeds

["Michael Palage" <michael@xxxxxxxxxx>]

Dear ICANN:

 

Given that the new gTLD process will produce litigation and that at least
some of the new gTLD registries will fail, ICANN should be focusing its
attention on taking any new gTLD auction proceeds and placing them in a
financial "lock-box." These funds could then be tapped by the ICANN Board to
pay for any adverse financial consequences of the new gTLD process without
negatively impacting ICANN's normal operational cash flow. Simply put,
instead of rushing to funnel any excess auction proceeds into a new
non-profit charity, the ICANN Board should ensure that these funds are fully
available to the community that may need them in case if a new gTLD registry
failure and/or litigation.

 

Respectfully submitted,

 

Michael D. Palage