Friday, July 8, 2016

UEFA expects $917M profit from European Championship (The Associated Press)

French supporters celebrate France's victory in the Marseille fan zone after the Euro 2016 semifinal soccer match between Germany and France,Thursday, July 7, 2016 in Marseille, southern France. France won 2-0. (AP Photo/Claude Paris)

SAINT-DENIS, France (AP) -- Expanding the European Championship has paid off for UEFA, which expects to make a record profit of 830 million euros ($917 million). Four years ago, UEFA's profit was 593.7 million euros (then $724 million) from its most lucrative competition, according to its financial accounts for that year. UEFA leaders, including Theodoridis and senior vice president Angel Maria Villar, praised Michel Platini, the European football body's outgoing president who will serve a FIFA ban from official duty until 2019.


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