ALERTS: STATE AID - EUROPEAN UNION - SPAIN - SPORT - ILLEGAL AID - INCOMPATIBLE AID

Illegal aid : The General Court of the European Union annuls the decision finding that the public guarantee granted to two Spanish football clubs in difficulty in the context of a capital increase constituted an illegal and incompatible aid (Valencia Club de Fútbol; Elche Club de Fútbol)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. On 12 March 2020, the Court of First Instance of the European Union delivered two new judgments in the case of aid granted to three football clubs in financial difficulty - Valencia CF, Hércules CF and Elche CF - located in the Community of Valencia in Spain. It will be remembered that on 20 March 2019, the same Court of First Instance had already, by judgment in Case T-766/16 (Hércules Club de Fútbol, SAD v Commission) annulled for failure to state reasons as to the manner in which the Commission took account of a security, the decision of 4 July 2016finding that the public guarantee granted to the ailing football club Hércules in the context of a

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Illegal aid : The General Court of the European Union annuls the decision finding that the public guarantee granted to two Spanish football clubs in difficulty in the context of a capital increase constituted an illegal and incompatible aid (Valencia Club de Fútbol; Elche Club de Fútbol), 12 March 2020, Concurrences N° 2-2020, Art. N° 93702, www.concurrences.com

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