Please enter your login details

You can also sign in with your Sowetan LIVE,
Times LIVE account details.
   Sign Up   Forgot password?

Sign in with:

     
 
Fri Apr 18 10:02:38 SAST 2014

UEFA hands out millions to clubs for Euro 2012

Reuters | 11 September, 2012 15:400 Comments
Cesc Fabregas of Spain holds the UEFA EURO 2012 trophy while celebrating with fellow players as they parade the UEFA EURO 2012 trophy on a double-decker bus on July 2, 2012 in Madrid, Spain
Image by: Denis Doyle / Getty Images

UEFA will share 100 million euros (R1,048 billion) among the clubs who released players for the Euro 2012 soccer finals and qualifying competition, the European Clubs Association (ECA) said on Tuesday.

The amounts range from 3,095 million euros ($3,596 million) in the case of Bayern Munich to a more modest 3494 euros for English lower-tier club Barnsley, Finland’s Jyvaskyla and Turkey’s Bucaspor.

A total of 575 clubs will benefit from the so-called solidarity payments which are regarded as a form of compensation for the time players spend away from their clubs when they represent their country.

It follows an agreement between UEFA and ECA, which represents around 200 European clubs, signed in March.

The other top beneficiaries were Real Madrid (2,996 million euros), Barcelona (2,210 million), Manchester City (2,069 million) and Juventus (2,023 million).

Inter Milan, whose squad are largely made up of South American players, received a modest 301445 euros, less than the Czech Republic’s Viktoria Plzen, who received 465390.

FC Vaduz, who supply the bulk of the Liechtenstein national side and play in the Swiss second division, were rewarded with 209644 euros, more than Bundesliga clubs Eintracht Frankfurt, Fortuna Duesseldorf, Freiburg and Hoffenheim.

Clubs are rewarded for each player called up by a national team with the exact amount depending on how long the player spends with the team and other factors.

Different scales of payments were used for the qualifying competition and final tournament.

“I am delighted that we are able to provide clubs with financial benefits from UEFA Euro 2012 to reward their contribution to the competition,” said UEFA president Michel Platini.

“We witnessed a truly fantastic UEFA European Football Championship final this summer, and I am pleased that the clubs can now also be associated with the event.”

To submit comments you must first

Join the discussion & Debate

UEFA hands out millions to clubs for Euro 2012

For Commenters Consideration | Please stick to the subject matter
Fri Apr 18 10:02:38 SAST 2014 ::

COMMENTS [0]