Discussion Paper of the Institute for Organisational Economics 2/2022

Is There a Euro Effect in European Football?
Alexander Dilger/Michael Hickfang
February 2022



We analyse whether the creation of the eurozone and the euro crisis had an effect on the sportive performance of professional football teams in European nations. We find a significantly positive sign of membership in the eurozone on UEFA points. However, this positive finding is not robust over time and disappears in models with more covariates. It is probably a size effect but at least the adoption of the euro brought no disadvantages in football.