Try this...
Code:
rtmpdump -r "rtmp://31.220.0.103:1935/live" -a "live" -f "WIN 11,9,900,117" -W "http://www.eucast.tv/ePlayer.swf" -p "http://www.eucast.tv/embed.php?live=skycalcioit&vw=620&vh=490" --live -y "skycalcioit" -o "2014-05-26_12-11-47_skycalcioit.flv" -T "%ZZri(nKa@#Z"
Note: if create a .bat file with the above code,
YOU MUST edit the token as such -T "
%%ZZri(nKa@#Z"
-- you basically add an additional '%' 