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France nets €1.2bn for staging Euro 2016

By Matthew Campelli    11 Jan 2017
Fans contributed €625.8m to the French economy during the tournament / VI Images/VI Images/PA Images

Hosting the UEFA Euro 2016 football tournament brought more than one billion euros into the French economy, according to the nation’s ministry of sport.

While staging the event cost France €200.8m (£173.9m, US$211m), its positive economic value far outweighed its expense, with €1.2bn (£1bn, US$1.3bn) generated over the course of the month-long tournament.

Tourism experienced a €625.8m (£541.9m, US$656.5m) uplift during Euro 2016, while the 24 participating countries added a further €34.9m (£30.2m, US$36.6m).

UEFA – the European governing body for football – also spent €360m (£311.7m, US$378m) organising the tournament with France.

Accredited persons and sponsors contributed to the total, adding €34.8m (£30.1m, US$36.5m) and €22.6m (£19.6m, US$23.7m) respectively.

In contrast, France’s spending was fairly modest, with €160m (£138.5m, US$167.9m) spent on the building and renovation of venues, while €24m (£20.8m, US$25.1m) went towards security – double the expected amount following the high-profile terrorist incident in Paris is November 2015.

France  Euro 2016  football 
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