
Originally posted by BelgianBono:Real Madrid has lots of debts.
Spain has lots of debts.
400 million euros is lots of money.
Originally posted by LikeASong:Santiago Bernabeu to be completely refurbished (sorry for it's all in Spanish but the footage has no language):
http://deportes.elpais.com/deportes/2014/01/31/actualidad/1391169236_061397.html
400.000.000 € (400 million) and possibly a good couple of months/years.
BRUSSELS - The European Commission has launched a series of investigations into whether Spain's football clubs have benefited from unfair tax breaks worth billions of euros.
EU competition chief Joaquin Almunia i Wednesday (18 December) confirmed that probes had started into whether seven clubs, including Real Madrid and Barcelona, two of Europe's most successful and wealthiest clubs, had broken EU rules on state aid.