Real Madrid are the subject of a European Commission research following claims they've received illegal state aid, your choice on which is delinquent and will soon be of great interest to famous brands Manchester City and Chelsea, under pressure to conform to Uefa Financial Fair Play rules. The Independent has understand on the situation that the EC competition office, run by the Spaniard Joaquin Almunia, has postponed its decision. It is alleged that Real and Madrid City Council agreed a great option for land round the Bernabeu stadium which is to be redeveloped in to a profitable new shopping mall and resort complex. The club's pre-eminence in the transport market and their ability to borrow money is partly determined by the achievement of the growth, as well as the design of a roof within the ground, which will then be subject to a calling rights auction. Florentino Perez is expected to be re-elected president in-may, with the team targeting more high-profile players this summer, probably including Gareth Bale. The claim against Real is that their dealings with Madrid city council, dating back to a agreement between the two parties, constitute illegal state support under article 87 of the Treaty of the European Community. It's supposed that the authority vastly overestimated its debt to the soccer team in order that the former could provide the prime city-centre area to Real they might need for their new growth. Much like all major European clubs, Real are susceptible to Uefa FFP regulations which prohibit any type of state support. In a statement released by Uefa's leader, Michel Platini, and Almunia last year, they announced that the "objectives [of FFP] will also be in keeping with the goals and objectives of European Union policy in the area of state aid." The investigation into Real's deal with Madrid city council centers upon an area of land in the north of the city, Las Tablas. When it was part of a cost by the council to the membership in 1998; having formerly been valued at a421,000 the same land was then valued at a22.7m in 2011, a 5,400 per cent rise, once the council decided they'd to get it back. In lieu of a a22.7m transaction, the membership was handed they to the land needed to produce their ground. Underneath the competition commission's standard 7.2 on state aid they've annually to investigate and rule on the criticism, made about the worth of Las Tablas property, unless they're still awaiting information from participants. The allegation was raised in December 2011. The research into Real has been mentioned publicly just once by Almunia, who has also dedicated to other groups alleged to have received state support. The Spanish team Valencia were judged to have received illegal state support by a Spanish regional judge must be mortgage from the state-owned Spanish bank Bankia was underwritten by the regional government. Last month, a statement was issued by Almunia on an investigation in to five Dutch clubs, including PSV Eindhoven, over allegations that state aid had been received by them from local councils in the Netherlands. FFP is now an issue key to the ongoing future of Europe's elite clubs and these clubs who seek to challenge them. Manchester City, specifically, came under scrutiny for his or her 10-year Etihad Airways sponsorship package they closed in 2011, estimated to be worth between A350m-A400m. West Ham's unique deal to dominate the Olympic Stadium was scrapped after having a issue to the European Union that money from Newham Council represented state aid. In response to The Independent's questions in regards to the process, Real said that they had not received "any exclusive privileges in its real estate activities because it has been at the mercy of the then current regulation and has received the same treatment as any entity." The team said that the valuation of Las Tablas in 2011, which found its value to possess improved 54-fold, was moved about by Madrid City Council, and was for that reason "independent." "Acting like this, MCC, through the deal with Real Madrid, has protected the public interests," Real explained, "avoiding judicial actions that whenever completed might have foreseeably led to a responsibility to offer Real Madrid with a greater quantity of compensation." True said: "The valuation of all the houses have increased due to the time lapse between the different valuation that sometimes exceeds 10 years, the amount of evolution of the urban growth process and the evolution of property prices." Documentation have been seen by the Independent confirming the existence of a study by your competitors commission in to Real receiving state aid. A spokesman for the EC competition company stated that the study was at a "preliminary" level.
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