Seven Spanish Clubs Face EU Probe

Must Read

Real Madrid and Barcelona are among seven Spanish clubs to be investigated over alleged illegal state aid.

The Spanish foreign ministry announced that the European Commission will also begin proceedings against Osasuna, Athletic Bilbao, Valencia and Elche.

“The government will fight to defend Spanish clubs because they’re also part of the Spanish brand,” said foreign minister Jose Manuel Garcia Margallo.

Ask ZiVA 728x90 Ads

The proceedings could take months to conclude and will be officially announced on Wednesday added Margallo, who denied the clubs had broken EU rules.

He said Barcelona, Real Madrid, Osasuna and Athletic Bilbao are accused of contravening European Union rules because they are still owned by their members and had benefited from favourable tax treatment.

The Commission was also probing Real over their training facilities and Bilbao over aid they received for the construction of their new stadium, which opened this season, he added.

Valencia, Elche and Hercules were being investigated because of help the three clubs received from the regional government in the form of loans and bank guarantees.

BBC SPORT

THEWILL APP ADS 2
- Advertisement -spot_img
- Advertisement -spot_img
Latest News

UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
- Advertisement -spot_img

More Articles Like This

- Advertisement -spot_img