Barca, Real ordered to repay state aid | The Daily Star
Skip to main content
T
Monday, March 20, 2023
The Daily Star
E-paper Today's News বাংলা
  • Home
  • News
  • Opinion
  • Health
  • Sports
  • Business
  • Entertainment
  • Culture
  • Life & Living
  • Youth
  • Tech & Startup
  • Feature
    • Lifestyle
    • Arts & Entertainment
    • Showbiz
    • Star Health
    • Satireday
    • Shout
    • Toggle
    • Star Literature
    • In Focus
    • Star Youth
    • Shift
    • Daily Star Books
    • Roundtables
    • Star Holiday
    • weekend read
  • More
    • Environment
    • NRB
    • Supplements
    • Law & Our Rights
  • E-paper
  • বাংলা
Search Epaper T
  • Today's News
  • Home
  • News
  • Opinion
  • Health
  • Sports
  • Business
  • Entertainment
  • Culture
  • Life & Living
  • Youth
  • Tech & Startup
  • Feature
    • Lifestyle
    • Arts & Entertainment
    • Showbiz
    • Star Health
    • Satireday
    • Shout
    • Toggle
    • Star Literature
    • In Focus
    • Star Youth
    • Shift
    • Daily Star Books
    • Roundtables
    • Star Holiday
    • weekend read
  • More
    • Environment
    • NRB
    • Supplements
    • Law & Our Rights

  • About Us
  • Contact Us
  • Apps
  • Comment Policy
  • RSS
  • Sitemap
  • Advertisement
  • Newsletter
  • Privacy Policy
  • Conference Hall
  • Archives
Football

Barca, Real ordered to repay state aid

AFP, Brussels
Mon Jul 4, 2016 06:11 PM Last update on: Mon Jul 4, 2016 06:16 PM
Barcelona players celebrate after scoring a goal. File Photo: AFP

The EU on Monday ordered seven Spanish football clubs including Barcelona and Real Madrid to pay back millions of euros (dollars) in illegal state aid.

The European Commission said Spanish government support, including tax breaks and overpriced land transfers, gave the clubs an "unfair advantage" over others.

The other clubs were Valencia, Athletic Bilbao in the Spanish top flight and Atletico Osasuna, Elche and Hercules in the second division.

The decision followed a two-and-a-half year investigation.

"Using taxpayers' money to finance professional football clubs can create unfair competition," EU Competition Commissioner Margrethe Vestager said in a statement.

"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."

Under European Union anti-trust rules, governments are not allowed to provide state aid to commercial enterprises if it distorts market competition.

The EU ordered Spain to recover unpaid tax of up to five million euros ($7 million) from each of Barcelona, Real, Athletic Bilbao and Atletico Osasuna.

The exact sums would be determined by Spanish authorities, it said.

It said the four clubs were treated as non-profit organisations, which pay a lower tax rate than other professional clubs registered as limited liability companies.

Real Madrid was meanwhile ordered to repay 18.4 million euros after the Commission found that the City of Madrid overvalued a land transfer from the club to the city by that amount.

Meanwhile the Commission said that Valencia, Hercules and Elche were given access to overly favourable loan terms when they were in financial difficulties.

Valencia has to repay 20.4 million euros, Hercules 6.1 million euros and Elche 3.7 million euros.

Separately the European Commission cleared support given to five Netherlands clubs -- FC Den Bosch, MVV Maastricht, NEC Nijmegen, Willem II Tilburg, and PSV Eindhoven -- saying it did not involve illegal state aid.

Cristiano Ronaldo (R) celebrates with Real Madrid's Portuguese defender Pepe. File Photo: AFP
Related topic:
stateaidillegalBarcaBarcelonaRealReal MadridSpainLa LigafootballclubmatchEUcommissionAthletic BilbaoOsasuna
Apple Google
Click to comment

Comments

Comments Policy

Related News

European Union Commissioner

EU announces € 3m for Bhasan Char

Man Utd draw Sevilla in Europa League quarter-finals

2d ago

Ramos brace lifts Real

US student jailed in North Korea

Why carbon emissions could cost Bangladeshi RMG makers

২৮ মিনিট আগে|রাজনীতি

বনানী ক্লাব থেকে বিএনপির ৫৪ নেতাকর্মী গ্রেপ্তার

তাদের বিরুদ্ধে সন্ত্রাসবিরোধী আইনে মামলা দেওয়া হয়েছে।

৫৯ মিনিট আগে|অপরাধ ও বিচার

‘আরাভের সঙ্গে পুলিশের সাবেক ঊর্ধ্বতন কর্মকর্তার সম্পর্ক খতিয়ে দেখা হচ্ছে’

The Daily Star
Journalism without fear or favour
  • About Us
  • Contact Us
  • Apps
  • Comment Policy
  • RSS
  • Sitemap
  • Advertisement
  • Newsletter
  • Privacy Policy
  • Conference Hall
  • Archives
© 2023 thedailystar.net | Powered by: RSI LAB
Copyright: Any unauthorized use or reproduction of The Daily Star content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action.
X