Spanish clubs hit with fines

[Silvercloud]

Looks like Barca & Real (plus 5 others) are going to have to pay back millions of Euros to the government after the EU ruled that tax breaks & dodgy land deals were against competition rules.

 

[meeesh]

It's hardly fines,it sounds like it is a case of paying back coin they have been given......bent bastards

 

[Hamann Pineapple]

http://europa.eu/rapid/press-release_IP-16-2401_en.htm

Following three separate in-depth investigations, the European Commission has concluded that public support measures granted by Spain to seven professional football clubs gave those clubs an unfair advantage over other clubs in breach of EU State aid rules.

As a result, Spain has to recover the illegal State aid amounts from the seven clubs, namely FC Barcelona, Real Madrid, Valencia, Athletic Bilbao, Atlético Osasuna, Elche and Hercules.

 

[blue b4 the moon]

http://europa.eu/rapid/press-release_IP-16-2401_en.htm

Hope any fines are prorata and full payback on the monies gleaned are immediate, it'll fuck up Real & Barca big time.

 

[west didsblue]

I wonder if supporters of other clubs across Europe will go on and on about financial doping and that their achievements are meaningless in the way they did with us after we got fined for breaking a last minute new interpretation of FFP rules.

 

[Deleted member 58678]

So basically it's just a loan to cheat?