Stress grew yesterday on the European Commission to achieve a determination on their analysis over whether Real Madrid received illegal state assist in a land deal that will allow them dramatically increase the Bernabeu stadium's profitability. The EC competition office confirmed The Independent's report that the Spanish club is subject to an investigation right into a property deal with Madrid city council when a piece of land acquired by the club for a421,000 was eventually sold back once again to the council for a22.7m. Instead of the transaction, Real acquired area around the Bernabeu on which they want to create a hotel and retail center complex as well as getting a roof on the stadium with profitable naming rights. Antoine Colombani, a for the EC competition office said: "The Commission is indeed examining the situation of Real Madrid because it does with similar accusations taken to its attention." He explained the investigation are at a "preliminary" stage but it has been available since December 2011. After a criticism is manufactured there's a two-month contract for it to be dismissed, after which it becomes an investigation. The commission then includes a year to achieve a determination, in cases like this by February 2013. That timetable has been exceeded by 8 weeks. Colombani said no decision was created by competition commissioner Joaquin Almunia on whether there will be a "formal" investigation. Yet there is no two-track research process under EC tips. The Independent in addition has discovered that the EC is yet to reach a determination on another case involving the European Ombudsman. It relates to Spanish government legislation in June 1992 that most football clubs should become PLCs a with the exception of Real Madrid, Barcelona, Osasuna and Athletic Bilbao. If the clubs seek to say them the exemption of these four clubs has conferred on them organization tax advantages, and offered a degree of asset protection rights. It also means the groups can have internet professional baseball teams. Both Real Madrid and Barcelona have baseball teams in the sport's Euroleague and hope one day to make the most of NBA European development. Valencia, who opposed the imposition of these PLC status, were debt free in early 1990s. Now the team is efficiently bankrupt and has been the subject of an illegal state aid analysis by the commission.
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