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SBD Global/April 19, 2013/International Football

EC Investigating '09, '10 Loans Of €118M For Spanish Football Clubs

The European Commission has requested information from the Spanish government about loans it provided to football clubs Valencia, Hércules and Elche between '09 and '10, according to the AS. EC Competition Commissioner Joaquín Almunia requested the information in a written letter to politician Andrés Perelló. The financial support given totaled €118M, and the clubs' failure to pay it off now requires the involvement of the Valencian government (AS, 4/18).
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