Spanish football clubs found in breach of state aid rules
A number of football clubs in Spain – including Barcelona and Real Madrid – will have to pay back millions of euros to their respective governments after breaking state aid rules.
Following “in-depth” investigations, the European Commission found that clubs had accumulated millions in government subsidies and paid less than the required amount of tax over a number of years.
As a result, both countries have been told to recover the funds from the football clubs, which also include Athletic Bilbao, Valencia, Atletico Osasuna, Elche and Hercules in Spain.
The Commission found that Real Madrid, Barcelona, Athletic Bilbao and Osasuna have been allowed to enjoy preferential corporate tax rates of 25 per cent rather than the 30 per cent applicable to sport limited companies since 1990. The shortfall will need to be paid back to the Spanish authorities by each club.
A land transfer transaction between Real Madrid and the City of Madrid was also scrutinised, which found that the land was overvalued by €18.4m (£15.6m, US$20.5m), giving the football club an “unjustified advantage over other clubs”. The money now needs to be paid back.
In addition, the Commission investigated guarantees given by the state-owned Valencia Institute of Finance for the loans of three football clubs – Valencia, Hercules and Elche. The Commission has concluded that the loans were provided on “more favourable terms” and unfair to non-subsided clubs. Valencia, Hercules and Elche will have to pay back €20.4m (£17.3m, US$22.7m), €6.1m (£5.2m, US$6.8m) and €3.7m (£3.1m, US$4.1m) respectively.
“Using taxpayers’ money to finance professional football clubs can create unfair competition,” said competition policy commissioner Margrethe Vestager.
“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.”
Barcelona Real Madrid Valencia spain football European CommissionFC Barcelona unveils Nikken Sekkei's 'sentimental' design for New Camp Nou
EXCLUSIVE: Lead architect on FC Barcelona's Palau Blaugrana project reveals details of mixed-use project and how sports design is changing
Real Madrid stadium plans blocked by city council
Real Madrid unveils Tetris-like design for new HQ
Real Madrid still king of football revenue, beats Man Utd to second
BIG unveils Eve Music Hall as Croatia venue nears completion
Bob Rogers hands BRC to long-serving leadership team
Wellness care hospital opens in Vilnius with innovative spa and hospitality concept
Universal and Puy du Fou projects point to rise of Oxford–Cambridge corridor
A proposed Puy du Fou development near Bicester and Universal Destinations and Experiences’ planned resort in Bedford are emerging as part of a wider transformation of the Oxford–Cambridge Growth Corridor into a major centre for UK leisure and tourism investment.
For years, the corridor has been associated primarily with science, technology, housing and university-led economic growth. However, the clustering of large-scale visitor attraction projects along the
All-inclusive eco-wellness development Auko to open near Vietnam’s Son Doong caves
Shedd Aquarium upgrades its visitor experience with new Immersion Theater
Shedd Aquarium has opened the Immersion Theater developed in partnership with SimEx-Iwerks, as part of a wider strategy to enhance the guest experience and create additional revenue opportunities.
The attraction has transformed the aquarium’s Phelps Auditorium into a multi-sensory venue combining panoramic projection, environmental effects and interactive technology.
A new pre-show area allows visitors to engage with augmented reality marine animals before entering the
MCR is planning a luxury hotel for London's BT Tower
Joy as a radical act: Yinka Ilori launches solo exhibition celebrating the rebellious power of spreading happiness
Work gets underway on Madrid's €800 million leisure complex
Work is underway in Madrid on one of Europe’s most significant multi-functional complexes, combining sport, entertainment, culture and education.
The €800 million initiative to regenerate the former Olympic Aquatic Centre in the north-east of the city, next to the Riyadh Air Metropolitano stadium, is being led by Barsento – a joint venture between Live Nation Entertainment, Oak View Group and Atlético de Madrid. The project will
Therme Manchester reveals 90:90 strategy – 90 per cent of the UK population within a 90-minute drive of a Therme
Four Seasons’ Naples Beach Club opens 2,800sq m Sanctuary spa inspired by indigenous Calusa people
Orient Express Corinthian to host Ocean Rebirth wellness retreat in collaboration with Guerlain
Famed London nightclub, Tramp, launches Tramp Health
First look: Miraval opens on the Red Sea in Saudi Arabia
Hainan Science Museum by Ma Yansong, opens in China
A new science museum has opened to the public in Haikou after attracting more than 350,000 visitors during a four-month soft opening period.
Designed by Ma Yansong and his practice MAD Architects, the Hainan Science Museum is located on the edge of Wuyuan River National Wetland Park and has already recorded peak attendance of more than 5,800 visitors in a single day.
Commissioned by




















