"UEFA cited "economic, market and geopolitical dynamics" and a "sudden weakening of the U.S. dollar" for driving the foreign exchange losses which accounted for the loss in its accounts for the 2024-25 football season. "In the past few years, UEFA benefited from a strong U.S. dollar leading to substantial gains on foreign exchange," the body said on Thursday in its 52-page annual financial report which did not name Trump."
""In March 2025, however, the tides turned, and the U.S. dollar rapidly weakened by almost 9%, resulting in currency exchange losses of 47 million." That was equivalent to $54.5m at the exchange rate on Thursday. That sum almost equated to the overall "net result" in UEFA's latest annual accounts of minus-46.2m ($53.6m) which was financed from its reserves. The dollar-driven losses cut UEFA's reserves to 521.8m ($605m) at the end of last June."
UEFA recorded foreign-exchange losses of 47 million euros (about $54.5m) after the U.S. dollar weakened roughly 9% in early 2025. Economists linked the dollar slide to investors' waning confidence in the United States under President Donald Trump. Those currency losses produced a net result of minus 46.2m euros (about $53.6m), financed from UEFA's reserves. The losses reduced reserves to 521.8m euros (about $605m) at the end of June, only slightly above the organization's 500m-euro target. Champions League prize payments largely distribute revenue as prizes and do not generate profit for UEFA. The four-yearly European Championship and its revenue support the HatTrick funding program and member distributions.
Read at www.espn.com
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