Euro 2004 success, white elephants and other ideas

Francisco Pinheiro

FCT/CEIS20 University of Coimbra

PORTUGAL

Foundation: 1143Oldest country in Europe10 million peopleThe most occidental country in Europe

Political influencesMonarchy until 1910I Republic: 1910-1926Fascism regime: 1926-1974Democratic regime: 1974…

Sociological and historical influencesColonies: Africa, Brazil and AsiaSpain: love-hate relationFrance: the cultural referenceAtlantic OceanReligion: CatholicMusic: FadoSport: Soccer

EURO 2004

Estádio do Algarve

Algarve

Estádio Cidade de CoimbraCoimbra

Estádio Bessa XXIOporto

Estádio do DragãoOporto

Estádio José Alvalade XXILisbon

Estádio da LuzLisbon

Estádio Municipal de AveiroAveiro

Estádio Municipal de BragaBraga

Estádio D. Afonso HenriquesGuimarães

Estádio Municipal de LeiriaLeiria

Euro 2004 stadium total price

650 million euros

public money

mortgages payments until 2049 (45 years of payment)

White elephant concept

expensive/costsvs productivity/benefits

Construction price: 34,5 million Euros

Construction price: 34,5 million Euros

Owner: Municipalities of Faro and Loulé

Owner: Municipalities of Faro and Loulé

Major problem is the inexistence of a top football team that uses the stadium

Major problem is the inexistence of a top football team that uses the stadium

The municipality of Faro pays 1,2 million euros per year in mortgage. Loulé municipality pays 0,9 million euros per year.

The municipality of Faro pays 1,2 million euros per year in mortgage. Loulé municipality pays 0,9 million euros per year.

Estádio do Algarve, 2003

Estádio Municipal de Aveiro, 2003

Owner: Municipality of Aveiro

Construction price: 62 million (CMA)

Municipality of Aveiro has a bank mortgage of 58 million Euros and pays 3,4 million Euros in mortgage per year. The maintenance costs 0,650 million Euros per year. In total, 4 million Euros per yearThe financial results of the Stadium are very negative: In 2005 was 0,868 million Euros of negative balance; 2006 was -0,840 million; 2007, -0,931 million; 2008, -0,800 million

Demolition proposal 2009

Estádio Municipal de Leiria, 2003

Owner: Municipality of Leiria

Construction price: 90 million (CML)

Demolition proposal

Budget uncontrolled (48 million Euros in the beginning and ended in 90 million Euros). Local politic keep secret the information8 per cent of the Leiria Municipality budget goes to pay the stadium mortgage (banks)

Leiria Municipality pays 5.000 Euros per day in maintenance

No football club since 2011

EURO 2004

Estádio do Algarve

Algarve

Estádio Cidade de CoimbraCoimbra

Estádio Bessa XXIOporto

Estádio do DragãoOporto

Estádio José Alvalade XXILisbon

Estádio da LuzLisbon

Estádio Municipal de AveiroAveiro

Estádio Municipal de BragaBraga

Estádio D. Afonso HenriquesGuimarães

Estádio Municipal de LeiriaLeiria

Euro 2004 success, white elephants and other ideas

Thanks

playthegame.org or idan.dk

franciscopinheiro72@gmail.com