EU tells Barcelona, Real to repay state aid
Sports
By
AFP
| Jul 04, 2016
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.
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.
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"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."