True Madrid would be the subject of a European Commission analysis following claims they have received illegal state aid, your decision where is overdue and will undoubtedly be of great interest to the likes of Manchester City and Chelsea, under some pressure to conform to Uefa Financial Fair Play laws. The Independent has understand that the EC competition office, run by the Spaniard Joaquin Almunia, has postponed its decision on the situation. It's claimed that Real and Madrid City Council decided a good offer for land around the Bernabeu ground which can be to be redeveloped into a lucrative new retail center and resort complex. The club's pre-eminence in the exchange market and their ability to borrow money is partially dependent on the achievement of the growth, along with the construction of a roof over the stadium, that may then be susceptible to a naming rights auction. Florentino Perez is anticipated to be re-elected president in May, with the membership targeting more high-profile people come early july, maybe including Gareth Bale. The claim against Real is that their dealings with Madrid city council, dating back to a agreement between the two parties, represent unlawful state support under article 87 of the Treaty of the European Community. It's supposed that the authority greatly overestimated its debt to the soccer club in order that the former can give Real the prime city-centre area they might require because of their new development. Much like all major European groups, Real are at the mercy of Uefa FFP laws which forbid any type of state aid. In a statement released by Uefa's president, Michel Platini, and Almunia this past year, they declared that the "objectives [of FFP] will also be in line with the goals and objectives of Eu policy in the area of state aid." The research into Real's deal with Madrid city council centres upon a location of land in the north of the city, Las Tablas. When it was section of a cost by the council to the team in 1998; having initially been valued at a421,000 the same property was then valued at a22.7m in 2011, a 5,400 per once the council decided they had to get it back, cent rise. In place of a a22.7m payment, the membership was handed the land they needed seriously to develop their stadium. Beneath the competition commission's guide 7.2 on state aid they've per year to investigate and rule on the criticism, made in regards to the survey of Las Tablas home, until they are still awaiting data from participants. The claim grew up in December 2011. The research into Real has been mentioned openly just once by Almunia, who has also centered on other groups purported to have received state aid. Must be mortgage from the state-owned Spanish bank Bankia was underwritten by the regional government the Spanish club Valencia were judged to possess obtained unlawful state support by a Spanish regional court. Last month, a statement was issued by Almunia on an investigation in to five Dutch groups, including PSV Eindhoven, over allegations that state aid had been received by them from local councils in the Netherlands. FFP is becoming a concern key to the continuing future of Europe's elite clubs and those clubs who seek to challenge them. Birmingham City, particularly, have come under scrutiny due to their 10-year Etihad Airways support package they signed in 2011, estimated to be worth between A350m-A400m. West Ham's original package to dominate the Olympic Stadium was scrapped after having a problem to the European Union that capital from Newham Council displayed state aid. In a reaction to The Independent's questions about the process, Real said that they had not received "any special privileges in its real estate activities since it has been at the mercy of the then present legislation and has received exactly the same treatment as any other entity." The team claimed that the valuation of Las Tablas in 2011, which found its value to have increased 54-fold, was moved about by Madrid City Council, and was thus "independent." "Acting such as this, MCC, through the contract with Real Madrid, has secured the municipal interests," Real mentioned, "avoiding judicial actions that whenever executed might have foreseeably triggered an obligation to provide Real Madrid with a higher amount of compensation." Real said: "The valuation of all the houses have increased due to the time lapse between the various valuation that in some instances exceeds 10 years, the amount of evolution of the urban growth process and the evolution of home prices." Documentation have been seen by the Independent confirming the existence of an investigation by your competitors commission in to Real receiving state support. A spokesman for the EC competition company said that the research was at a "preliminary" point.
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