UEFA lost $55 million because of the US. What's Trump got to do with it?

The global political climate is having a direct impact on UEFA’s budget.

Details: UEFA President Aleksander Čeferin had to explain to journalists and relevant authorities where $55 million from UEFA’s budget suddenly disappeared.

According to UEFA, this sum was lost due to a sharp drop in the value of the US dollar, which fell by about 9% against most other major currencies. It was this exchange rate difference that dealt UEFA a massive financial blow in a very short period.

Reports indicate that the $55 million currency loss nearly matches UEFA’s entire deficit for the 2024/25 season, which was already covered by the organization’s additional financial reserves.

Losses caused by the dollar’s decline reduced UEFA’s reserves to $605 million by the end of last June—just above the $550 million threshold the organization aims to maintain to guarantee funding for its 55 member associations and to stage national team competitions at all levels, from senior to youth.

“Foreign exchange results had been consistently positive for several years, but unfortunately, the situation changed in the spring of 2025 when the US dollar suddenly weakened due to various reasons, including economic, market, and geopolitical factors,” UEFA’s report said.

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