The knockout stages are completed, with some teams already packing their bags and heading home with their brief dreams of lifting the trophy over. Yet for the 16 teams that remain, that dream of glory is still there, with more excitement and frenzy to look forward to in their quest for Euro glory. Euro 2016 is proving to be as exciting and unpredictable as any tournament of recent years, but what about the numbers, what it the cost of hosting the tournament, how does it really all add up.
UK Credit, who offer guarentor loans that help those who may have trouble finding other sorts of credit, and are highly rated on trust pilot (9.5/10), have been looking into the high cost of football at the Euros on their supberb ‘Money Life’ blog, and their findings make for interesting reading. They have looked at just how much France has paid out to have that home advantage, and what other costs have to come into play. Taking into account everything from the number of players ar the tournament, to the stadiums being used, the numbers surrounding Euro 2016, are, not surprisingly, huge.
The Euro 2016 tournament has played host to 552 players, playing 51 matches, making up 24 teams. The matches take place in 10 different cities, in ten different stadiums, the smallest being Toulouse with a capacity of 33,000, the largest being the magnificient Stade de France in Paris, which can hold 80,000. Having enough state of the art stadiums accounts for some of the cost of the Euro’s, with a staggering 1.66 billion euros being spent on new stadiums, and another 40million spent on renovating existing stadiums.
But stadiums are not the whole story. A big issue this Euro’s has been the security situation, with France on high alert for terrorism in the wake of the Bataclan and Charlie Hebdo attacks. Football was targeted in November, with bombs going off outside the Stade de France, so security has been increased. Unfortunately this has not stopped flares and fireworks being taken into the grounds, or violence and vandalism outside the grounds, which will further add to the cost of the Euro’s.
In total, it is reckoned that the 2016 Euro’s will eventually cost France somewhere in the region of 2.12billion for the privilege of hosting, but there is no doubt that they are a moneyspinner too, with sponsorship rights, television rights, the sales of beer, food and flags and tourismall adding to the coffers, Whether the profits outweigh the cost remains to be seen, but if France go on to win, I’m sure national pride will say it was worth every penny.