In light of the fact that anyone who wants to watch Euro 2012 games has to pay UEFA (either pay directly through pay-for-view, or pay indirectly though the cable company), I am interested in knowing where this money goes.
I've been recently told that this money is not used to pay for the expenses of organizing football games (building stadiums, etc.), and the cities that host the games pay these expenses.
What does UEFA financially contribute to football that justifies the huge profits it makes by selling the broadcasting rights of the games?