Sunday

25th Sep 2016

Ticker

Spanish football clubs to repay state aid

Seven Spanish football clubs, including Real Madrid and FC Barcelona, will have to repay money to the Spanish state, the EU commission has decided. The commission said that tax privileges to four clubs, a land transfer between Real Madrid and the City of Madrid and public loans to three clubs in Valencia were distorting competition. The commission at the same time stated that public aid to Dutch clubs were legal.

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