Don't miss

Replay


LATEST SHOWS

FOCUS

A shield and a target: France's anti-terrorism operation 'Sentinelle'

Read more

MEDIAWATCH

#MeToo and #BalanceTonPorc expose extent of sexual harassment

Read more

ENCORE!

Musical maestro Philippe Jordan on bringing passion to the Paris Opera

Read more

IN THE PAPERS

'Black day for democracy': Malta in mourning after top journalist is murdered

Read more

IN THE PAPERS

Has the Weinstein scandal 'freed' women from their silence?

Read more

THE DEBATE

Europe’s newest face: Kurz’s election win indicates rightward shift for Austria

Read more

FOCUS

Turkey's brain drain: Turning their backs on limited freedom, declining economy

Read more

TALKING EUROPE

Internet giants: Too big to be taxed?

Read more

TALKING EUROPE

EU’s Karl-Heinz Lambertz: ‘Empowering regions and cities very important for Europe’s future’

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)