Following three separate in-depth investigations,
the European Commission has concluded that public support measures
granted by Spain to seven professional football clubs gave those clubs
an unfair advantage over other clubs in breach of EU State aid rules.
As a result, Spain has to recover the illegal State aid amounts from
the seven clubs, namely FC Barcelona, Real Madrid, Valencia, Athletic
Bilbao, Atlético Osasuna, Elche and Hercules.
Commissioner Margrethe Vestager, in charge of competition policy, commented: "Using
tax payers' money to finance professional football clubs can create
unfair competition. Professional football is a commercial activity with
significant money involved and public money must comply with fair
competition rules. The subsidies we investigated in these cases did
not."
Real Madrid have released a statement since the findings announcing
that they intend to appeal any penalties they may face while Barcelona
have released a statement saying, "The club has at all times
complied with the provisions of Spanish legislation through its Law on
Sport, adopted on 15 October 1990. Since January of 2016, FC Barcelona
is taxed according to the reformed corporate tax code and no longer has
any difference in taxation with respect to other Spanish clubs.The club
will defend the interests of its members against abusive interpretations
of the law."
No comments:
Post a Comment