France nets €1.2bn for staging Euro 2016
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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.
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