Euro 2008 generates record profits
Thursday, 31 July 2008

AFP, ZURICH, Switzerland - The Euro 2008 football championship generated record profits of 250 million euros (392 million dollars), European football's governing body UEFA announced on Tuesday.

A total financial turnover of 1.3 billion euros was generated during the June 7-29 tournament which was co-hosted by Austria and Switzerland.

Euro 2008 president Martin Kallen said: "We wanted to organise the best Euro ever: the objective was achieved."

He said that profits would be totally reinvested in competitions for junior players and women as well as training programmes for coaches and referees.

In total it cost 600 million euros to organise the event.

The profit surpasses the 223 million euros from Euro 2004 in Portugal.

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