Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13237)           
UK only International

Spanish football clubs found in breach of state aid rules

By Matthew Campelli    05 Jul 2016
Real Madrid – which plays at the Santiago Bernabeu – was one of the clubs implicated in the cases / Yuri Turkov/Shutterstock.com

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 Commission 
Sign up for FREE ezines & magazines
Related news
Sports jobs
Everyone Active
featured job

Swimming Teachers

Everyone Active
Salary: Competitive hourly rate
Job location: Nationwide

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Leicester, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Blaby, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Bordon, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Dunstable, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Blandford Forum, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Plymouth, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Watford, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Slough, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Spelthorne, United Kingdom
recruiting with sports management

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Bishop's Stortford, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Chichester, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Ealing, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Ealing, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Poole, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Stowmarket, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Cotswold, United Kingdom
recruiting with sports management

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Ashfield, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Sutton, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Stroud, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Ashfield, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Yateley, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Bristol, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Bournemouth, United Kingdom
training with sports management

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Bristol, United Kingdom

Gymnastics Coach

Everyone Active
Salary: Competitive
Location: Fareham, United Kingdom

Lifeguards

Everyone Active
Salary: Competitive
Location: Nationwide, United Kingdom

Gymnastics Coaches

Everyone Active
Salary: Competitive
Location: Nationwide, United Kingdom

Nationwide Apprenticeships Now Available

Everyone Active
Salary: Competitive
Location: Nationwide, UK

General Manager

Xercise4Less
Salary: Competitive
Location: Leeds, West Yorkshire, UK

General Manager

Xercise4Less
Salary: Competitive
Location: Dundee, Dundee City, United Kingdom
lifeguard jobs  swimming teacher jobs  recreation assistant jobs  apprenticeships jobs  personal trainer jobs  Gymnastics Coach jobs  duty manager jobs  assistant manager jobs  general manager jobs  assistant general manager jobs  Catering Assistant jobs  Customer Services Advisor jobs 
More jobs

Catalogue Gallery

JP Lennard: Leading supplier to Commercial Swimming Pools, Leisure Centres, Health & Fitness Clubs, Hotels, Holiday Parks, Schools and Universities, supplying thousands of products directly into these sectors.
JPL

Company profile

Company profile: Precor
For more than 35 years, Precor has driven fitness forward. We continue that heritage every day, by advancing what’s possible in design innovation, member experience and service.
View full profile >
More company profiles

Featured Supplier

myFitApp launches branded live-streaming as part of its COVID-19 support package
Innovatise, the company behind myFitApp, has announced the immediate availability of its customer- branded live-streaming solution.
View full details >
More featured suppliers

Property & Tenders

Location: Greywell, Hampshire
Company: Barnsgrove Health and Wellness Club
Location:
Company: Derby City Council
More properties & tenders

Diary dates

04 Jun 2020
Marriott Forest of Arden Hotel & Country Club, Birmingham, United Kingdom
13 Jun 2020
Worldwide, Various
06-07 Jul 2020
Eastwood Hall, Nottingham, United Kingdom
28-31 Aug 2020
Expo Centre & Riviera di Rimini, Italy
More diary dates