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EURO 2016: FRANCE AUTHORIZED BY THE EU TO FINANCE THE CONSTRUCTION OF STADIUMS

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The European Commission announced on Wednesday that French public aid for the construction and renovation of stadiums for the Euro 2016 football tournament has been deemed compliant with European Union rules. The approval covers public aid totaling 1.05 billion euros, allocated to projects in nine stadiums: four newly constructed (Bordeaux, Lille, Lyon, and Nice) and five renovated (Parc des Princes in Paris, Saint-Etienne, Marseille, Toulouse, and Lens).

Joaquin Almunia, the Commissioner in charge of Competition, justified the decision by stating that France’s investment in these modern and multifunctional stadiums aligns with a common EU objective. The aid is seen as contributing to the proper organization of Euro 2016, promoting sports and culture in France, and ensuring long-term benefits for clubs and citizens beyond the competition.

The Commission concluded that the public aid is “compatible with the internal market” as long as it contributes “to the achievement of a common EU objective without unduly distorting competition.” The aid is deemed to be limited to the minimum necessary to ensure compliance with UEFA requirements. Euro 2016 is scheduled to take place from June 10 to July 10, 2016, with the final set to be held at the Stade de France in Saint-Denis near Paris.

Ibrahim Sannie

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