SportBusiness.com

Scotland confident on Euro 2008 funds

The Scottish Parliament is likely to approve funding for Scotland's solo bid to stage the 2008 European Championship within seven days.

According to Simon Lyons, marketing director of the Euro 2008 bid, the cabinet will vote on whether to raise £80million ($114.9m/EUR130.6m) for the bid: £70m ($100.6m/EUR114.2m) for stadium developments and £10m ($14.3m/EUR16.3m) for infrastructure costs.
"The First Minister Jack McConnell says he prefers a solo bid over a joint bid [with Ireland] so long as it is economically viable," Lyons told sportbusiness.com