Real Madrid could be forced to pay £7.25m.
Real Madrid could need to pay back €10million (£7.25m) to the city committee if the European Commission (EC) affirms that the club did advantage from unlawful state help.
Spanish daily paper El Pais asserted on Monday that the EC had chosen that a plot of area given to Madrid by the gathering as a major aspect of an area bargain in 1998 and esteemed at €488,000; and after that sold back to the chamber in 2013 for €22.7m as a feature of another area arrangement added up to state help. On the off chance that the choice is affirmed in the coming weeks Madrid will need to pay the cash back.
In the late 1990s Madrid sold their preparation ground to the city chamber. As a component of the arrangement they were given a little package of area called ‘Las Tablas’. At the time this real estate parcel was esteemed at €488,000. In 2008 the board told Madrid’s then president Ramon Calderon that they had committed an error – that ‘Las Tablas’ couldn’t be given away and that they would need to discount the club.
In 2011 the area was revalued at €22.7m – a 5,400 for each penny ascend in value, well above identical property estimations – and was considered into another area manage Madrid accepting parcels proportionate to that esteem including area neighboring the Santiago Bernabeu stadium where they arranged a ground remodel worth €453m.
The EC have been contemplating the area bargains subsequent to 2013 and as indicated by El Pais, they have presumed that the revaluation is off base, that it can’t be legitimized by expansion, and that it adds up to the state giving cash, or for this situation area, to Real Madrid.
Real Madrid say the 2011 valuation was come to by a free body however the EC’s own autonomous examination gives the area a 2011 estimation of €12.2m and if this is affirmed the club should give back the parity – in actuality taking €10m out of its next ex