Real Madrid to pay 18 Million Euros from Illegal Land Deal

 

The European Union has mandated Real Madrid to pay 18.4 million euros in alleged illegal aid from a land deal.

“We are going to file an appeal, and I am absolutely convinced we will win,” Real president Florentino Perez told a press conference.

In 1998, the club paid the city 595,000 euros for the land but the deal ultimately fell through because of technical problems. In 2011, the city paid Real 22.7 million euros in compensation.

 

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Richard Such
Richard Such

Veteran sports journalist and the Senior Managing Editor at 234sport. With over a decade of experience covering the NFL, NBA, and European football, I specialize in breaking news, contract analysis, and hard-hitting sports commentary. Under my editorial direction, 234sport (Formerly known to our long-term readers as thewistle media) has grown into a premier destination for die-hard sports fans worldwide.

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