The town’s Select Board had refused to grant the entertainment license that soccer’s governing body, FIFA, needs to stage the World Cup in Foxborough.

The statement, bearing the logos of Boston’s World Cup host committee, Kraft Sports & Entertainment, and the town, said they had reached an “understanding collectively” to “finalize the details” necessary for the town to approve an entertainment license.

The agreement said Foxborough “will not incur any cost or financial burden related to the FIFA World Cup, with Boston Soccer 2026 providing advance funding for security-related capital expenditures and the full extent of deployment that public safety officials have determined is needed to execute the event with Kraft Sports + Entertainment’s backing.”

The town had set a March 17 deadline for the local organizing committee, Boston Soccer 26, FIFA, or the Kraft Group that owns the stadium to front the funds or the Select Board would not issue the necessary entertainment license.

The nearly $8 million was supposed to be delivered as part of a federal grant that was included in last year’s One, Big, Beautiful Bill Act. Massachusetts was allocated $46 million in funding for security needs, with the money originally scheduled to be released by the Department of Homeland Security in late January.

But the money has yet to be disbursed to any of the 11 US cities that are hosting games. (The full tournament, running from mid-June to mid-July, will play in 16 cities in the US, Canada, and Mexico.)

The dispute underscored what business leaders around Greater Boston said was deeper dysfunction and looming financial troubles within the Boston organizing committee, which is now scrambling to pull off the event in less than three months.

Boston Soccer 26 — dominated by allies of Patriots owner Robert Kraft — appears well short of the $170 million goal it said it needed to stage a World Cup that could draw 2 million visitors to Greater Boston. Exactly how short remains a mystery.

But the dispute with Foxborough pushed the local committee to make a rare public disclosure last week: that it had only $2 million in the bank, but anticipates depositing another $30 million soon.

That’s a fraction of what was envisioned by the organizers two years ago, spawning concerns about what the World Cup will actually look like at kickoff on June 13.

Meanwhile, in Foxborough over the last several weeks, a series of increasingly contentious meetings highlighted a David and Goliath dynamic between the five members of the town’s Select Board and a host committee working closely with FIFA, the global soccer organization that projects the quadrennial tournament to to generate $11 billion in revenues.

At the last meeting on March 3, two lawyers representing the host committee conveyed a proposal that, in part, guaranteed the Kraft Group would backstop all costs.

Board members made no effort to hide their disbelief and dismay the host committee lawyers did not arrive with essentially a check for security costs that a town with a population of some 18,000 was not equipped to fund.

“I don’t really think you’re hearing us,” said Select Board chair Bill Yukna.

Select Board member Mark Elfman was more direct.

“I find it hard to believe — I’m sorry — that you don’t know after all the discussions that have gone on over the last couple of months exactly what we want,” he said.

Foxborough Police Chief Michael Grace also dismissed the proposal, calling it a “failed strategy.”

Over the weekend, the Kraft Group issued a terse response to what it saw as the select board’s intransigence: “We are deeply disappointed that the town has seemingly reached a conclusion unilaterally without the platform of a public hearing, which is already scheduled for March 17, and would like to understand what the town requires at this stage to get to ‘yes.’ ”

Then, by Wednesday, all the parties got to “yes.”

“We look forward to moving forward together positively,” the statement concluded, “in our shared goals of providing the highest level of public safety for this historic event and delivering a global experience for our region, which will infuse the Commonwealth and Foxborough with an influx of new visitors and associated economic impact.”

The parties also singled out Massachusetts state Senator Paul Feeney, US Congressman Jake Auchincloss, Governor Maura Healey, and Lieutenant Governor Kim Driscoll for helping to bring about the security plan.

Michael Silverman can be reached at michael.silverman@globe.com.