Twenty years after Euro 2004, municipalities that invested in the construction and re-qualification of stadiums still owe 22 million euros in loans and judgments, the Jornal de Notícias magazine reported on Friday.
The largest share of the debt lies with the municipality of Leiria (10.9 million), followed by Coimbra with six million and Braga with five million euros still to be paid, according to JN, which explains that in the latter case the debt relates to the court. sentences because the loans have already been repaid.
For now, chambers are trying to combine athletic activity with financial sustainability by leasing space to companies and government agencies to help make money, but not all situations are created equal. According to JN, Algarve is even making a profit, and Braga admits to selling it.
Author: Business magazine
Source: CM Jornal
I’m Dave Martin, and I’m an experienced journalist working in the news industry. As a part of my work, I write for 24 News Reporters, covering mostly sports-related topics. With more than 5 years of experience as a journalist, I have written numerous articles on various topics to provide accurate information to readers.