Parts of the "E" and the "u" in EURO could be read as 24, which means the year of that great competition and also the 24 nations that are part of it. Three chanting, excited people are in the "o" of EURO. The o-circle stands for community, the fact that it is not closed shows the openness of Germany and the colors of the people relate to the German flag.
Aim, shoot, score: Your 2024 bid logo!