EU orders Barcelona, Real Madrid to pay back millions in illegal state aid - Firstpost
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EU orders Barcelona, Real Madrid to pay back millions in illegal state aid


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Brussels: The EU on Monday ordered seven Spanish football clubs including Barcelona and Real Madrid to pay back millions of euros (dollars) in illegal state aid.

The European Commission said Spanish government support, including tax breaks and overpriced land transfers, gave the clubs an "unfair advantage" over others.

File picture of Barcelona's Lionel Messi and Real Madrid's Cristiano Ronaldo. Reuters

Representational Image. Reuters

The other clubs were Valencia, Athletic Bilbao in the Spanish top flight and Atletico Osasuna, Elche and Hercules in the second division.

"Using taxpayers' money to finance professional football clubs can create unfair competition," EU Competition Commissioner Margrethe Vestager said in a statement.

"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." he concluded.

First Published On : Jul 4, 2016 16:56 IST

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