Real Madrid and Barcelona among seven clubs ordered to repay state aid

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Real Madrid&comma; Barcelona and five other Spanish clubs have been found guilty of breaking European Union rules on receiving financial help from the Spanish authorities&period;<&sol;p>&NewLine;<p>In three separate investigations&comma; the European Commission has decided the seven clubs gained an unfair advantage over other European Union clubs and must repay the illegal &&num;8220&semi;state aid&&num;8221&semi;&period;<&sol;p>&NewLine;<p>Real Madrid is one of seven clubs ordered to repay state aid&period;<&sol;p>&NewLine;<p>Athletic Bilbao&comma; Osasuna&comma; Barca and Real were found to have benefited from a reduced tax rate for 20 years&comma; and Real also profited from a land transfer with the City of Madrid&period;<&sol;p>&NewLine;<p>And Elche&comma; Hercules and Valencia must repay significant sums to the state-owned Valencia Institute of Finance for loans they received whilst in financial troubles&period;<&sol;p>&NewLine;<p>Commissioner Margrethe Vestager said in a European Commission statement&colon; &&num;8220&semi;Using tax payers&&num;8217&semi; money to finance professional football clubs can create unfair competition&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Professional football is a commercial activity with significant money involved and public money must comply with fair competition rules&period; The subsidies we investigated in these cases did not&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Real Madrid have been ordered to repay €18&period;4 million for the land deal while they&comma; Barca&comma; Bilbao and Osasuna face payments of up to €5m after they were listed as non-profit organisations rather than limited liability companies&period;<&sol;p>&NewLine;<p>Valencia will have to reimburse €20&period;4m of loans&comma; with Hercules forced to repay €6&period;1m and Elche €3&period;7m&period;<&sol;p>&NewLine;<p>But in another long-running state aid case&comma; the commission&comma; which regulates the EU&&num;8217&semi;s single market&comma; has cleared PSV Eindhoven and four other Dutch clubs of receiving unfair support from the public purse&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ecf470a618d">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ecf470a618d'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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