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The German Football Association (DFB) would make more of a profit if its national side lost in the Euro 2016 final than if it won the tournament, president Reinhard Grindel has said. Former politician Grindel was elected as DFB chief in April, succeeding Wolfgang Niersbach, who left the role following the 2006 World Cup scandal which shook German football last year. One of Grindel's first tasks in office was to announce a new financial transparency for the biggest national sporting association in the world, which boasts close to seven million members. Speaking at a news conference at Germany's Euro 2016 base in Evian, France, he made sure to also explain the financial aspects of the upcoming tournament. "First of all, it has to be said that the revenues and expenses will increase the further the team gets," he said. "As the European champions we would have expenses of €23m and revenues of €25m." The DFB announced in March that players are set to receive €300,000 each if they win the tournament, and half of that sum should they finish as runners-up. According to Grindel, therefore the association would save more money and make a €4m profit from Euro 2016 if Germany were to lose in the final, with revenues then reaching €22m and expenses cut to just €18m. "But you can assume that we don't want to finish second!" he said. Grindel also noted that costs for accommodation have rocketed and that he has already addressed the issue in a talk with FIFA president Gianni Infantino, whom he told "it can't be that hotels in the venue cities cost as much as our stay at the base camp." "The costs have reached spheres which are no longer acceptable," he added.
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