Stress became yesterday on the European Commission to reach a determination on their investigation over whether Real Madrid received illegal state help with a land deal that'll let them dramatically enhance the Bernabeu stadium's profitability. The EC competition company confirmed The Independent's report that the Spanish club is subject to an investigation into a property deal with Madrid city council when a parcel obtained by the club for a421,000 was subsequently sold back to the council for a22.7m. Instead of the payment, land was received by Real around the Bernabeu on which they plan to build a retail center complex and hotel in addition to putting a ceiling on the arena with worthwhile naming rights. Antoine Colombani, a for the EC competition office said: "The Commission should indeed be analyzing the specific situation of Real Madrid since it does with similar suggestions brought to its attention." He explained the research is at a "preliminary" stage but it has been open since December 2011. There's a two-month contract for it to be ignored, after which it becomes a study after a complaint is made. year to achieve a determination, in this instance by February 2013 the commission then has. That schedule has been realized by 8 weeks. Colombani said no decision was made by opposition commissioner Joaquin Almunia on whether there would be a "formal" analysis. Yet there's no two-track study method under EC directions. The Independent has additionally discovered that the EC is yet to attain a choice on another case involving the European Ombudsman. It relates to Spanish government legislation in June 1992 that football clubs should become PLCs a with the exception of Real Madrid, Barcelona, Osasuna and Athletic Bilbao. The exemption of the four clubs has conferred on them organization tax advantages, and offered a qualification of resource protection rights if the clubs seek to say them. It also means the clubs are able to have affiliate professional baseball teams. Both Real Madrid and Barcelona have baseball teams in the sport's Euroleague and hope 1 day to benefit from NBA European development. Valencia, who opposed the imposition of the PLC standing, were debt free in the first 1990s. Now the team is successfully bankrupt and has been the subject of an illegal state aid study by the payment.
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