France to host Euro 2016

28.05.2010 By: Transfer Consultancy based on France24

France will host Euro 2016 after finishing ahead of close rivals Turkey and rank outsiders Italy in a UEFA vote on Friday. France President Nicolas Sarkozy appeared at the ceremony to support his country's bid as the French, who have also hosted two World Cups, were awarded the tournament for the third time.

France previously hosted the inaugural European championship in 1960 -- a mini-tournament featuring only four teams -- and the 1984 event, which they won with a team captained by Michel Platini, the current UEFA president.

The 2016 championship will be the biggest yet, adding eight more countries for a 24-team field playing 51 matches over one month. The French budget for stadiums was 1.7 billion euros, of which 39 percent will come from public investment. UEFA's review of the bids said around half of the required private funding had been secured already.

Besides the challenge for European countries to compete against each other for the cup, Euro 2016 also offers business opportunities for foreign companies in updating the French infrastructure. Interested in the opportunities for your company? Contact us as soon as possible!