Real and Barca face EC probe

Real Madrid and Barcelona are among seven Spanish clubs that are being investigated by the European Commission over public funding, it was confirmed on Wednesday.

Last Updated: 18/12/13 at 14:20 Post Comment

Barcelona: One of seven clubs under investigation

Barcelona: One of seven clubs under investigation

Along with the two most successful clubs in Spanish football, the Commission has also opened a probe into their fellow top-flight sides Valencia, Athletic Bilbao, Osasuna and Elche.

Segunda Division side Hercules are also under investigation as the Commission seeks to determine if state aid received by those clubs is in line with European Union regulations.

A Commission statement read: "The European Commission has opened three distinct in-depth investigations to verify whether various public support measures in favour of certain Spanish professional football clubs are in line with EU state aid rules."

The Commission said it had concerns that the funding provided significant advantages to those sides to the detriment of other clubs which have to operate without such support.

Explaining what each of the seven clubs is being investigated for, the statement continued: "The Commission will firstly investigate possible tax privileges for Real Madrid, Barcelona, Athletic Bilbao, and Osasuna.

"In another inquiry it will assess whether a widely reported land transfer between the City of Madrid and the club Real Madrid involved any state aid in favour of the club.

"Finally, it will examine the compliance with EU state aid rules of guarantees given by the State-owned Valencia Institute of Finance for loans that were used to finance the three Valencia clubs Valencia, Hercules and Elche, while those clubs were seemingly undergoing financial difficulties."

Joaquin Almunia, the Commission vice-president in charge of competition policy, said: "Professional football clubs should finance their running costs and investments with sound financial management rather than at the expense of the taxpayer. Member States and public authorities must comply with EU rules on state aid in this sector as in all economic sectors."

Related News

Most Commented

Readers' Comments

I

think Finnegans Wake would have been a better reference point than Ulysses. Far more rambling and incomprehensible.

debra2927
Football People On TV: Garth Crooks

I

f I recall correctly, Degsy predicted a 100/1 shot correctly the week after his 150/1 Blackpool 4 - 3 Bolton call. I stuck a fiver on it as an idle bet. Paid for a stag do in Munich. Heady days...

baldini
Backing Hull To Beat United 2-1...

R

odgers prefers Joe Allen to Lucas? If this is true then I'm setting aside a fortnight to finally learn the rules of American Football and I'll give up on real football.

godzilla
The Jammy Gossip

Footer 365

Louis van Gaal believes David De Gea will stay at Manchester United

Louis van Gaal believes David De Gea will stay at Manchester United despite speculation linking him with Real Madrid.

Gary Neville: Liverpool are in danger of becoming a provincial club

Liverpool are stuck in the mud and in danger of becoming a provincial club, according to Gary Neville.

Emmanuel Adebayor's Tottenham future to be talked over after season

Mauricio Pochettino says no decision has yet been made over striker Emmanuel Adebayor's future at White Hart Lane.

Mail Box

Only One Real Manager Of The Year

Winning the Premier League with the best squad in the Premier League is only par; Ronald Koeman did a whole lot better. Plus, the last word on Raheem and...

Don't Slate Sterling For Ambition...

Raheem Sterling deserves credit for his desire to quit Liverpool, according to one mailboxer. Also: why football should not be compared to business and Degsy's latest spot of bother...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company