Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Angry Moroccans demand an end to harassment

Read more

THE DEBATE

The battle over posted workers: Macron on tour to convince EU leaders

Read more

ENCORE!

Film show: BPM, The Beguiled, Jerry Lewis

Read more

FOCUS

Rap activist weighs in on Angolan election

Read more

MIDDLE EAST MATTERS

Israeli-Palestinian conflict: A US summer camp brings two sides together

Read more

IN THE PAPERS

'France has its own ghosts'

Read more

IN THE PAPERS

'Stop the impunity of harassment in Morocco'

Read more

BUSINESS DAILY

Hit hard by falling oil prices, Angola looks to diversify economy

Read more

EYE ON AFRICA

Africa's resources: Re-examining the management of oil and gas

Read more

A record profit for Euro 2008

Latest update : 2008-07-30

UEFA have announced that this summer's Euro 2008 tournament in Austria and Switzerland generated a record net profit of 250 million euros.The money will be reinvested in competitions for junior players and women.

Euro 2008, co-hosted by Austria and Switzerland, generated a net profit of 250 million euros ($393.7 million) for UEFA, European soccer's governing body said on Tuesday.

UEFA said the money would be used to finance its youth and women's competitions, refereeing and coaching programmes and administrative costs.

Martin Kallen, chief operating officer for the event organisers, said that in comparison with the 2004 finals in Portugal the 2008 event had seen improvements "in almost all areas", including satisfactory television viewing figures, high public transport usage and the lack of any major security incidents.

Organisers said poor weather at the start of the tournament and the black market resale of tickets had been among the less satisfactory aspects.

More than 1.7 million ticket applications were cancelled before the event in connection with the black market, with a further 1,300 tickets cancelled or seized during the tournament itself.

"Clearly the black market remains a problem though," Kallen said. "Despite all our efforts there were many, many tickets that ended up on the black market.

"We will have to look into what we can do about that in the future, although we know it is not something we can ever control one hundred percent."
 

Date created : 2008-07-29

COMMENT(S)