Real Madrid official: Satisfied with the EU ruling and demands that the Madrid municipal government refund 20.3 million euros and interest

According to the official website of Real Madrid, he expressed satisfaction with the European Commission's decision, which determined that the agreement signed by the club with the Madrid Municipal Government in 2011 "does not constitute state aid."

The European Commission acknowledged in its final decision that Real Madrid did not receive any preferential treatment or assistance. The European Commission has made it clear that the compensation set out in the 2011 agreement is the best way for the Madrid Municipal Government to resolve the violations the club has suffered in the past decade. This compensation was established in the absence of the transfer of the B-32 plot in Rastabras to Real Madrid, a promise in the 1998 agreement.

The European Commission also confirmed that the valuation of the Rastabras B-32 plot contained in the 2011 agreement is correct and complies with the valuation standards of cadastral methods and applicable regulations. And the valuation system commissioned by the committee to a construction company in Barcelona was wrong. The valuation of all independent appraisers provided by Real Madrid and the valuation of the General Office of the Cadastral Office of the Ministry of Finance are consistent with the valuation determined by municipal technicians in the 2011 agreement.

The European Commission also stated that the Madrid Municipal Government sought all necessary technical reports (legal, economic and urban planning) when signing the 2011 agreement, just as any other private operator did in market conditions. The club will immediately ask the Madrid Municipal Government to refund the 20.3 million euros and overdue interest paid in 2016 to make up for the economic losses caused by the investigation that has been delayed for more than 12 years.

This final resolution once again proves that Real Madrid's management follows the principles of transparency, integrity and honesty, which are the core values ​​of all the club's actions.

Related: Marca: European Commission ruled that Real Madrid will recover 20.3 million euros paid in 2016

source:tip 7m cn vn