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European Championship 2008 makes nearly $400 profit
Reuters, July 29th, 2008 4:30PM

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European soccer's governing body, UEFA, announced that Euro 2008, co-hosted by Austria and Switzerland, generated a net profit of 250 million euros ($393.7 million). The money, stated UEFA, would be used to finance its youth and women's competitions, refereeing and coaching program and administrative costs.

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