Real Madrid has successfully passed a decision of the European Commission has challenged, in which the club was ordered to refund illegal state aid. The Royal is thus given 20.4 million euros in the clubkas.
In 1998 sold to Real Madrid are trainingsgronden to the city and got in return a piece of land to the value of 595.000 euros. The Spanish club, however, it appeared not to be able to build on that piece of ground, and let the therefore, in 2011, the repurchase by the city. Who paid earlier to 22.7 million euro.
The European Commission ruled that the land is overvalued and that qualify it as illegal state aid. Real had to 18.4 million euro refund but went in appeal and got it Wednesday the same from the court. That concluded that not enough was shown that the Real advantage was. The Spanish club will get the 18.4 million back, plus 2 million in interest.
Still a financial success for Real in Europe this season. On the field ran the wrong against Ajax, in the 1/8th finals of the Champions League.