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EURO 2000 CLOSES BOOKS $17m IN PROFIT

The Euro 2000 Foundation closed its doors and its books yesterday with an 18 million euro ($17 million) profit to be channelled to youth football in the Netherlands and Belgium, the tournament's co-hosts.

"It's the first European championship to have made a profit," a Euro 2000 spokesman said.
Tournament organisers announced a 6.8 million euro ($6.40 million) profit from the sale of tickets, 95 percent of which were sold.
They also earned 4.5 million euros ($4.24 million) from a hospitality programme.
Euro 2000 also pointed to permanent benefits such as the modernisation of infrastructure, particularly in Belgium, and the creation of a stewarding organisation.
The organisation's two presidents, Michel D'Hooghe of Belgium and Dutchman Jeu Sprengers, said they were delighted to have proved two small countries were capable of co-hosting the tournament in a financially sound way.
Euro 2000 was widely hailed as a festival of attacking football, although there was violence by fans.
France, pre-tournament favourites, were crowned champions, defeating Italy 2-1 after an extra-time golden goal from David Trezeguet in the final.
Euro 2000 said that more than 80 percent of tickets sold went to the general public and organisers believe they wrong-footed a potentially lucrative black market. Forty percent of sales were over the Internet.
The total budget for the event was 60.9 million euros ($57.34 million).
Principal sources of revenue were ticket sales (37 million euros/$34.84 million) and TV rights and sponsorship (21 million euros/$19.77 million).
Reuters