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SBD Global/October 10, 2013/Finance

No Conclusion In Sight For EC's Investigation Of Spanish Clubs' Member-Owned Statuses

The European Commission is "going forward with its investigation about various Spanish football clubs and does not have any indication regarding when the investigation will conclude," according to the EFE. EC Competition Commissioner Joaquin Almunia confirmed that the EC is "investigating the distinct treatment of Spanish professional football clubs in terms of their legal function." The case is focused on La Liga sides Barcelona, Real Madrid, Athletic Bilbao and Osasuna, the only La Liga sides which are not Sports Limited Companies. The investigation began in '09 after "a complaint about possible advantages that this status gives these four clubs." Almunia: "The Commission cannot indicate when the investigation will conclude. It is ongoing and the Commission is still not in a position to make comments about the investigation's possible result" (EFE, 10/9).
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