EURO 2024 stands as a monumental event in football, captivating millions of fans globally. The high-quality matches and intense on-pitch drama make it a must-watch event. This immense popularity translates into significant revenue through the sale of media rights. Broadcasting live matches on television and live streaming platforms represents the largest proportion of EURO 2024's total income. The value of media rights for EURO 2024 is projected to surpass the €1.135 billion mark set by EURO 2020.
Global Sponsorships: Capitalizing on Worldwide Appeal
The global appeal of EURO 2024 also drives substantial revenue through sponsorships. Major corporations and brands are eager to associate with the tournament, gaining exposure to millions of fans and spectators. High-profile sponsors like Alipay+, Booking.com, Coca-Cola, and Unilever have partnered with EURO 2024 as official global sponsors, further boosting the tournament's financial success.
Ticketing, Hospitality, and Licensing: Revenue from Fan Engagement
With over two and a half million match tickets available, demand for EURO 2024 games has been overwhelming. Sell-outs are expected in each of the ten host stadiums in Germany. Ticket sales, along with hospitality packages, significantly contribute to covering the tournament's operational costs. Additionally, selling licensing fees for official tournament merchandise offers another major income stream. Fans, whether in stadiums or at home, can purchase various branded products, from clothing and memorabilia to tournament programs and sticker albums, embracing the EURO spirit.
Investing in Football Development: The UEFA HatTrick Programme
After covering the organizational costs, EURO 2024 aims to reinvest as much net revenue as possible back into football development. The UEFA HatTrick programme is the cornerstone of this reinvestment. Since 2004, HatTrick has allocated two-thirds of each EURO’s net revenue to development projects across all 55 European football associations. This funding supports grassroots initiatives such as mini-pitches, club development, amateur coach education, and school football, fostering inclusivity regardless of ability, age, gender, or ethnicity. Nationally, it enhances football infrastructure, benefiting players, coaches, referees, and administrators.
EURO 2024 will continue this legacy by dedicating a record €935 million to associations, building on the more than 800 projects delivered over 20 years of the HatTrick programme.
Prize Money and Club Benefits: Rewarding Performance and Participation
Commercial revenues from EURO 2024 are also distributed through prize money and a club benefits programme. Prize money for EURO 2024 totals €331 million, with €222 million allocated for participation (€9.25 million for each of the 24 participating associations) and €109 million based on tournament performance. The champions can earn up to €28.5 million in performance-related bonuses.
Additionally, the EURO 2024 club benefits programme allocates €240 million to compensate domestic clubs for releasing their players to the tournament. Payments are calculated based on the number of players released, the duration of their participation, and FIFA's club categorization for training compensation.
In conclusion, EURO 2024's billion-dollar business model not only generates substantial revenue through media rights, sponsorships, and fan engagement but also reinvests heavily in the development of football at all levels, ensuring a lasting legacy for the sport.
