UEFA explained the €47 million loss by the decline of the US dollar 0 8

“In recent years, UEFA benefited from a strong US dollar, which led to significant profits from foreign currency operations. However, in March 2025, the situation changed, and the US dollar weakened sharply by nearly 9%, resulting in foreign exchange losses of €47 million.

Foreign currency profits had been consistently positive for several years, but unfortunately, the situation changed in the spring of 2025 when the US dollar suddenly weakened for various reasons, including economic, market, and geopolitical dynamics,” UEFA's financial report stated to ESPN.

In the spring of 2025, the US began imposing tariffs and duties on imports from nearly all countries around the world.