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Real Madrid fight EU sanctions for illegal state aid to

Real Madrid will appeal against the sanction of the European Commission that the club in early July imposed for the illegal state aid which in the past they have enjoyed.

Florentino Perez © Belga Image

“We draw an appeal and I am sure that we will win’, made Real chairman Florentino Perez known.

Surplus

Beginning last summer, the Commission held in Brussels that the ‘Royal’ 18.4 million euros for the refund. That is the surplus value that the city of Madrid at a grondtransactie to the club paid. The city paid for the land in 2011 a compensation of 22.7 million euros to Real. That compensation, however, was more than excessive and did not exceed $ 4.3 million.

Previously announced, the Madrid mayor Manuela Carmena that they with all possible means’, the money would try to recover.

According to Real are the reasons, however, many worth more and there is thus no question of surplus value. “There is nothing at all in that case, the insured Perez. “The estimate is carried out by a small company from Barcelona which is not in line with reality. We focus on the cadastral value.’

Research

The Commission started in 2013 a study of financial aid to seven Spanish and five Dutch clubs. Brussels investigated whether Real Madrid, Barcelona, Athletic Bilbao and Osasuna wrongly exemptions from social charges and tax liabilities had. In addition, there were also the loans of Valencia to the eponymous football club, Hercules and Elche viewed.

In the Netherlands, jump is mainly a transaction from 2011 between PSV and the city of Eindhoven in the eye. So bought Eindhoven for almost 48,4 million euro the voetbalgronden of the club and gave it in lease back to PSV. In the meantime, the Commission confirmed already that this grondtransactie market. (Belga/KVDA)

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