Real Madrid can be forced to sell stars like Cristiano Ronaldo and Gareth Bale if they're found to own received illegal state aid.
Madrid are one among seven Spanish clubs being investigated by the European Commission over allegations that they have banked billions because of favourable tax rates, dubious land deals and low cost loan agreements in conjunction with each central and native government.
Barcelona, Valencia, Athletic Bilbao, Osasuna, Elche and Hercules also are under scrutiny.
And, if it's found that any club benefited from grade of state aid that contravenes European rules, they face repaying the cash fully as well as an important rate of interest.
A state-aid professional told that it's understood complaints are lodged with the european Commission by investors and supporters of many clubs from outside Spain – as well as Tottenham and Borussia Dortmund.
Real Madrid, specifically, might face major money issues if it's found that the help they have been receiving from government has “distorted or vulnerable to distort competition”. that would have dire consequences if they're ordered to pay back money.
Ronaldo’s standing as the king of the Bernabeu was illustrated in Sept, once Real gave him a brand new five-year contract value a staggering £76million – before bonuses.
But Bale is the pretender to his crown following his world-record £86million arrival from Tottenham within the summer in a very deal that earns him £150,000-a -week.
The two players are the club’s most lucrative assets.
The nine-times European champions topped the most recent Deloitte football money table after becoming the primary club to smash through the €500million (£420million) barrier in annual revenue.
But it is reported in Spain that they have debts of £500million.
Real also are being investigated over a land deal that saw them get a parcel of land off the Madrid council for fewer than £350,000, that was later sold-out back to the municipality for pretty much £20million.
Emily O’Reilly, the European investigator, warned throughout the week that, according to the complaints received, the benefits gained by Spanish clubs amounted to several billion euros.
If the grievance is upheld by the investigation, that money – and serious interest – becomes owed immediately without any demand for the European Commission to take the individual clubs to court.
The Spanish government has secure to fight the allegations and has aforementioned that they're going to resist any try by the eu Commission to make the clubs pay.
But that will even be contrary to European law and there's growing anger in Bruxelles that the Spanish government has been granting tax exemptions to soccer clubs at a time after they are asking for cash from the European Community to ease the country’s money crisis.
Barcelona – along with Real, Valencia, Athletic Bilbao and Osasuna – have benefited from favourable tax rates once being granted special status by the Spanish government.
If the grievance is evidenced, Barca don't seem to be believed to be facing the sort of monetary problems that are likely to befall their bitter rivals from the capital.
Madrid are one among seven Spanish clubs being investigated by the European Commission over allegations that they have banked billions because of favourable tax rates, dubious land deals and low cost loan agreements in conjunction with each central and native government.
Barcelona, Valencia, Athletic Bilbao, Osasuna, Elche and Hercules also are under scrutiny.
And, if it's found that any club benefited from grade of state aid that contravenes European rules, they face repaying the cash fully as well as an important rate of interest.
A state-aid professional told that it's understood complaints are lodged with the european Commission by investors and supporters of many clubs from outside Spain – as well as Tottenham and Borussia Dortmund.
Real Madrid, specifically, might face major money issues if it's found that the help they have been receiving from government has “distorted or vulnerable to distort competition”. that would have dire consequences if they're ordered to pay back money.
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| Real Madrid could be forced to sell stars like Cristiano Ronaldo & Gareth Bale |
Ronaldo’s standing as the king of the Bernabeu was illustrated in Sept, once Real gave him a brand new five-year contract value a staggering £76million – before bonuses.
But Bale is the pretender to his crown following his world-record £86million arrival from Tottenham within the summer in a very deal that earns him £150,000-a -week.
The two players are the club’s most lucrative assets.
The nine-times European champions topped the most recent Deloitte football money table after becoming the primary club to smash through the €500million (£420million) barrier in annual revenue.
But it is reported in Spain that they have debts of £500million.
Real also are being investigated over a land deal that saw them get a parcel of land off the Madrid council for fewer than £350,000, that was later sold-out back to the municipality for pretty much £20million.
Emily O’Reilly, the European investigator, warned throughout the week that, according to the complaints received, the benefits gained by Spanish clubs amounted to several billion euros.
If the grievance is upheld by the investigation, that money – and serious interest – becomes owed immediately without any demand for the European Commission to take the individual clubs to court.
The Spanish government has secure to fight the allegations and has aforementioned that they're going to resist any try by the eu Commission to make the clubs pay.
But that will even be contrary to European law and there's growing anger in Bruxelles that the Spanish government has been granting tax exemptions to soccer clubs at a time after they are asking for cash from the European Community to ease the country’s money crisis.
Barcelona – along with Real, Valencia, Athletic Bilbao and Osasuna – have benefited from favourable tax rates once being granted special status by the Spanish government.
If the grievance is evidenced, Barca don't seem to be believed to be facing the sort of monetary problems that are likely to befall their bitter rivals from the capital.
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