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Madrid City Council Demands $20.6M From Real Madrid Following EU Ruling

Published in SportsBusiness Daily Global on 08 / 30 / 16

Madrid's City Council said on Monday it would give Real Madrid a bill for €18.4M ($20.6M) in illegal state aid after the European Commission " ordered the club to repay the money ," according to ESPN.com. The commission ruled that Real had been given an "unfair advantage" through tax break...

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Tags: Europe, Finance

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