10 votes

FC Barcelona and Real Madrid will be forced to pay back illegal state aid

3 comments

  1. culturedleftfoot
    Link
    It'll be interesting to see how his affects the league over the next 10 years. Madrid is currently in a much better position to take this on than Barca, but I suspect this will still count against...

    It'll be interesting to see how his affects the league over the next 10 years. Madrid is currently in a much better position to take this on than Barca, but I suspect this will still count against a more equitable distribution of TV rights money at the next contract.

  2. [2]
    mrbig
    Link
    Paywall :(

    Paywall :(

    1. cfabbro
      (edited )
      Link Parent
      If you google "FC Barcelona and Real Madrid will be forced to pay back illegal state aid" and click the ft.com result, that should work to get around the paywall. But if not, here are the most...

      If you google "FC Barcelona and Real Madrid will be forced to pay back illegal state aid" and click the ft.com result, that should work to get around the paywall. But if not, here are the most relevant parts:

      FC Barcelona and Real Madrid will be forced to pay back millions of euros in illegal state aid after the EU’s highest court ruled Brussels was right to declare that beneficial tax arrangements they enjoyed for a quarter of a century were illegal.

      The decision by the European Court of Justice upholds previous rulings by the European Commission and comes as Barcelona, the world’s highest-earning football club, is enduring one of the biggest crises in its history.

      This week police arrested the club’s former president, its current chief executive and its general counsel, in connection with a separate legal case ahead of a vote on Sunday to decide its next president. Barcelona, which recorded a loss of €100m last year, also has to contend with a debt pile of more than €1bn.

      3 votes