Euro 2016 generated 1.22 bln euro boost for France - study

PARIS (Reuters) - Last year's European Championship soccer tournament generated a 1.22 billion euro ($1.3 billion) boost for host France, a study commissioned by the French government showed on Wednesday.

Euro 2016 generated 1.22 bln euro boost for France - study

(Reuters)





It said that 2.5 million fans attended the games even as France extended a state of emergency and intelligence agencies warned of the threat of militant attacks during the month-long tournament.

The report, unveiled by the Centre of Law and Economics of Sport and the Keneo agency, said fans spent an average of 154 euros per day during their average 7.9 day stays - with just over a third of that amount being spent on accommodation.

According to the document, 75 millions euros, including 70 million in VAT, went to the French state.

Organisers UEFA were exempted from taxation in 2014 but French sports minister Patrick Kanner said that it remained a "good operation economically".

"They did not pay taxes but they paid 20 million euros to rent stadiums, 20 million euros to finance the cities and five million euros for the fan zones," he said.





(Reporting by Julien Pretot; Editing by Richard Lough)


Share
Published 12 January 2017 1:04am
Source: Reuters

Tags

Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world