Real Madrid May Face EU Probe Amid Soccer Aid Complaints
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Real Madrid, the world’s biggest soccer team by sales, risks a European Union demand to repay state aid after officials said they are checking complaints over possible illegal subsidies.
Regulators are looking into allegations that Real Madrid along with other teams across the 27-nation bloc benefited from aid banned under EU competition rules, Antoine Colombani, a spokesman for the European Commission, said today. The same agency last month opened an in-depth probe into public funding for five Dutch clubs, including PSV Eindhoven.