Board Thread:Arrow discussions/@comment-3221148-20161114135354/@comment-4107723-20161117171143

The short answer would seem to be Felicity is still bankrolling Team Arrow. At the end of Season 3 Ray transfers his stake in Palmer Technologies to Felicity and then 'dies' and Felicity becomes CEO and, presumably, inherits Ray's stakeholding (probably the voting rights, but maybe the actual shares themselves) in the company. Based on how the Board was able to push her around, we can safely assume that it was a minority holding within the company. We can also assume that incidentals like the Ivy Town house and Star City Loft were probably paid for out of Felicity's compensation as VP (in Season 3) and then CEO of Palmer Technologies.

However, Felicity would really have gotten her own money-pit when she was fired. To fire her and avoid a huge lawsuit/bad publicity, there would have been a settlement agreement. In addition to a large severance package, it's usual in such cases for the departing CEO to sell back their stake in the company to the Board - a sale that would have netted Felicity anywhere from tens to hundreds of millions of dollars based on how big the stake was and whether it was just the voting rights or the actual shares. More than enough to bankroll Team Arrow and live happily ever after...

Just don't ask me to figure out Oliver or Thea's finances, I've been scratching my head over that one since the start of Season 3. But it aint coming from the Bratva - Oliver terminated his linkage to that organization during his hunt for Slade Wilson in Season 2...