CCTV.com - CNTV English - CCTV News

EU wants to probe Real and Barcelona

12-20-2013 08:33 BJT

The finances of the two biggest clubs in Spain are now under the microscope. The European Union has asked for infringement proceedings to begin in the case of four La Liga clubs, in all. Barcelona and Real Madrid stand accused of receiving state aid and tax benefits along with Athletic Bilbao and Osasuna.

The European Commission, here announcing the investigation, is looking into claims the four clubs have enjoyed favourable tax treatment amounting to "several billion euros" something the EU says needs to be looked into. According to the Spanish Foreign Ministry the allegation centers around the belief that because these four clubs are the only Spanish top-flight sides still owned by their members they receive favourable tax treatment.

Along with the alleged tax relief, both Real and Bilbao also face separate investigations. Real’s, deals with the terms of the sale of their former training ground, while Bilbao’s is over aid they received for the construction of their new stadium. The asking of the EU to officially open an investigation has been a long time coming as the initial complaint was filed more than four years ago.

 

Editor:James |Source: CCTV.com

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program