Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Real Madrid & Barcelona Face Summer Of Uncertainty

Mon 22nd Jun 2015 | Legal

Real Madrid and FC Barcelona will find out if they are to pay back aid totaling several million Euro if a case against them and several other Spanish clubs is upheld.

Margrethe Vestager, the EU's Competition Commissioner, will make a decision in the cases concerning alleged illegal state aid by the end of the summer, the Commissioner revealed in an interview today (22 June).

In the interview with the Danish think tank Monday Morning, Vestager said, "The decision will be taken at the end of the summer or beginning of the autumn."

In December 2013, the European Commission began disciplinary action against seven Spanish clubs including Real Madrid and Barcelona over possible illegal state aid.​

FC Barcelona, Real Madrid, Osasuna and Athletic Bilbao are accused of contravening EU rules because they are still owned by their members, or socios, which allowed them to benefit from favourable tax treatment.

The Commission is also probing Real Madrid over its training facilities at Valdebebas near Madrid's main airport, and Bilbao over aid received for the construction of its new stadium, which opened this season.

Valencia, Elche and Hercules were being investigated because of help the three cash-strapped clubs received from the regional government in the form of loans and bank guarantees.

The Spanish government has attempted to prevent forcing clubs to pay back any aid deemed illegal.

"The government will fight to the last to defend Spanish clubs because they are also part of the Spanish brand," Spanish foreign minister Jose Manuel Garcia Margallo said in 2013 when the Commission announced the investigation.

Richard Graven, an expert on state aid in Europe, said Monday that if found guilty, the football clubs could end up paying back billions of euros as the accusations go back to 1990.

The EU's Ombudsman Emily O'Reilly has previously accused the previous Compretion Commissioner, Joaquín Almunia, for deliberately delaying the cases because he was a fan of one of the football clubs. 

Source: www.euractiv.com

Image:Action Images -Reuters / Juan Medina

Posted by: Aaron Gourley

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Premier League Clubs Gather To Tackle Counterfeiters

Mon 25th Sep 2017 | Legal

Premier League clubs gathered at the Etihad Stadium last week to highlight the significant anti-counterfeiting programme now run across the League. The Premier League Anti-Counterfeiting Programme...

Supreme Court Rules Against Rangers in 'Big Tax Case'

Wed 5th Jul 2017 | Legal

The Supreme Court has ruled in favour of HMRC over Rangers’ use of Employee Benefit Trusts (EBTs) between 2001 and 2010. In its judgement over the use of EBTs, the Supreme Court upheld...

Legal Comment: Football’s Deep Filled Problem With Gambling

Fri 24th Feb 2017 | Legal

On 20 February 2016, the FA Cup fixture between Sutton United and Arsenal turned into a media frenzy and one to remember, for all the wrong reasons. Laura McCallum, solicitor at Harper Macleod...

Manchester City Charged Over Anti-Doping Rule Breaches

Thu 12th Jan 2017 | Legal

The Football Association (The FA) have charged Manchester City for failing to ensure anti-doping officials knew where players were for drugs testing. Manchester City have been charged for failing to...