Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Tax Burden on Spanish Clubs "Greater than rest of EU"

Source: Marca - Tue 17th Dec 2013
Tax Burden on Spanish Clubs 'Greater than rest of EU'

Miguel Cardenal, the president of the Spanish Sports Council (CSD), announced on Radio Nacional that "the taxes levied on Spanish teams are a much higher burden" than those paid in other European countries.

Cardenal's comments follows yesterday's news that the EU is to investigate the financial affairs of many clubs in the Spanish Football League, where he went on to request that the European Commissioner for Competition, Joaquín Almunia, should "clarify the scale of the problem so that it does not damage the image of Spanish football".

One aspect of the EU investigation concerns the issue of many Spanish clubs receiving what is thought to be illegal state funding.

"We're talking about organisations - and I have recent figures - that paid €170 million last year. On the subject of European assistance, so as not to create an incorrect understanding of how things lie, I would like the Commissioner to point out that the tax regime imposed on Spanish teams results in a much larger burden, significantly higher, than that carried by their German, English or French counterparts, including their newly proposed law, and even the Italians"

He went on to say how "It is an obligation of the Commission to establish the scale of this problem", before asking that commissioner Almunia brought forward his official statement to the press to this week "to avoid any deterioration or damage that the current process may unfairly cause to Spanish football".

It can only be hoped that any such irregularities do not harm Spain's bid to be one of 13 locations chosen to host the 2020 European cup.

Recommended Reading

EU Launches Investigation Into Spanish Football Finances

Euro 2020 : Bilbao Could Host Spain

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs