Pressure became yesterday on the European Commission to attain a choice on their investigation over whether Real Madrid received illegal state assist in a land deal which will allow them considerably increase the Bernabeu stadium's success. The EC competition office confirmed The Independent's statement that the Spanish club is subject to an investigation into a property cope with Madrid city council where a piece of land bought by the club for a421,000 was eventually sold back again to the council for a22.7m. Instead of the cost, Real obtained area around the Bernabeu on that they want to create a hotel and retail center complex in addition to putting a ceiling on the arena with worthwhile naming rights. Antoine Colombani, a for the EC competition office said: "The Commission is definitely analyzing the situation of Real Madrid as it does with similar claims taken to its attention." He explained the research reaches a "preliminary" point however it has been open since December 2011. After a problem is made there's a two-month deadline for it to be dismissed, after which it becomes an investigation. year to achieve a decision, in cases like this by February 2013 the commission then has. That plan has now been realized by 8 weeks. Colombani said no decision had been produced by competition commissioner Joaquin Almunia on whether there would be a "formal" study. Yet there is no two-track investigation approach under EC directions. The Independent has also discovered that the EC is yet to reach a determination on yet another case concerning the European Ombudsman. It pertains to Spanish government legislation in June 1992 that most football clubs should become PLCs a with the exception of Real Madrid, Barcelona, Osasuna and Athletic Bilbao. The exemption of these four clubs has conferred on them corporation tax advantages, and provided a degree of resource protection rights if the clubs seek to say them. Additionally it means the groups are able to have internet professional baseball teams. Both Real Madrid and Barcelona have baseball teams in the sport's Euroleague and hope one day to benefit from NBA European expansion. Valencia, who opposed the imposition of these PLC position, were debt free in the early 1990s. Today the team is successfully bankrupt and has been the subject of an illegal state aid study by the commission.
No comments:
Post a Comment