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Irregular public funding.


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Real Madrid and Barcelona are among seven Spanish clubs to be investigated by the European Commission (EC) over alleged irregular public funding. Fellow La Liga teams Osasuna, Athletic Bilbao, Valencia, Elche and second-tier Hercules are under investigation. Sporting clubs Real Madrid, Barcelona, Athletic Bilbao and Osasuna are accused of a corporate tax advantage of 5%.

Real are alleged to have sold training ground land to the City of Madrid at an over-inflated price of 22.7m euros.


I have been looking a the alleged irregular public funding of the above teams and the second best team in Glasgow ( Celtic) seem to be at it too with their friends at Glasgow City Council and the CO-OP.


I really do hope there hasn't been any financial doping from said team in the name of sporting integrity and all that.

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Real Madrid and Barcelona are among seven Spanish clubs to be investigated by the European Commission (EC) over alleged irregular public funding. Fellow La Liga teams Osasuna, Athletic Bilbao, Valencia, Elche and second-tier Hercules are under investigation. Sporting clubs Real Madrid, Barcelona, Athletic Bilbao and Osasuna are accused of a corporate tax advantage of 5%.

Real are alleged to have sold training ground land to the City of Madrid at an over-inflated price of 22.7m euros. 

 

I have been looking a the alleged irregular public funding of the above teams and the second best team in Glasgow ( Celtic) seem to be at it too with their friends at Glasgow City Council and the CO-OP.

 

I really do hope there hasn't been any financial doping from said team in the name of sporting integrity and all that. 

^^^Seething etc

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Real Madrid and Barcelona are among seven Spanish clubs to be investigated by the European Commission (EC) over alleged irregular public funding. Fellow La Liga teams Osasuna, Athletic Bilbao, Valencia, Elche and second-tier Hercules are under investigation. Sporting clubs Real Madrid, Barcelona, Athletic Bilbao and Osasuna are accused of a corporate tax advantage of 5%.
Real are alleged to have sold training ground land to the City of Madrid at an over-inflated price of 22.7m euros.
I have been looking a the alleged irregular public funding of the above teams and the second best team in Glasgow ( Celtic) seem to be at it too with their friends at Glasgow City Council and the CO-OP.
I really do hope there hasn't been any financial doping from said team in the name of sporting integrity and all that.

^^^ hurting.

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Well paying for the celticwealth games doesn't come cheap you know...

Isn't Ibrox being used for the games also?

I've for a sneaky feeling Sevco won't be paying our their own pocket for that.

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Real Madrid and Barcelona are among seven Spanish clubs to be investigated by the European Commission (EC) over alleged irregular public funding. Fellow La Liga teams Osasuna, Athletic Bilbao, Valencia, Elche and second-tier Hercules are under investigation. Sporting clubs Real Madrid, Barcelona, Athletic Bilbao and Osasuna are accused of a corporate tax advantage of 5%.
Real are alleged to have sold training ground land to the City of Madrid at an over-inflated price of 22.7m euros.
I have been looking a the alleged irregular public funding of the above teams and the second best team in Glasgow ( Celtic) seem to be at it too with their friends at Glasgow City Council and the CO-OP.
I really do hope there hasn't been any financial doping from said team in the name of sporting integrity and all that.

knob_zps615432e1.jpg

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I've also noticed that Eastend developments has members on it's board who are on the Celtic board. Said company is building the athletes village on the land that Celtic own. After the games the buildings will be sold as private houses. Who will get the money for that?

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Real Madrid and Barcelona are among seven Spanish clubs to be investigated by the European Commission (EC) over alleged irregular public funding. Fellow La Liga teams Osasuna, Athletic Bilbao, Valencia, Elche and second-tier Hercules are under investigation. Sporting clubs Real Madrid, Barcelona, Athletic Bilbao and Osasuna are accused of a corporate tax advantage of 5%.
Real are alleged to have sold training ground land to the City of Madrid at an over-inflated price of 22.7m euros.
I have been looking a the alleged irregular public funding of the above teams and the second best team in Glasgow ( Celtic) seem to be at it too with their friends at Glasgow City Council and the CO-OP.
I really do hope there hasn't been any financial doping from said team in the name of sporting integrity and all that.

struth_zps1b66065e.jpg

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Real Madrid and Barcelona are among seven Spanish clubs to be investigated by the European Commission (EC) over alleged irregular public funding. Fellow La Liga teams Osasuna, Athletic Bilbao, Valencia, Elche and second-tier Hercules are under investigation. Sporting clubs Real Madrid, Barcelona, Athletic Bilbao and Osasuna are accused of a corporate tax advantage of 5%.
Real are alleged to have sold training ground land to the City of Madrid at an over-inflated price of 22.7m euros.
I have been looking a the alleged irregular public funding of the above teams and the second best team in Glasgow ( Celtic) seem to be at it too with their friends at Glasgow City Council and the CO-OP.
I really do hope there hasn't been any financial doping from said team in the name of sporting integrity and all that.

@celticfc Club being accused of corruption here.Time for legals to have a look! http://t.co/6zyeJ0XOOU

:eek: .

Thank fook he got banned :) , the irony in posting pish like that when his old club has the title of being the biggest and most corrupt cheats that Scottish football has seen or ever will be !, in my lifetime for sure :lol: .

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I've seen a lot on this too.

The Scottish Government in 2006, allowed the transfer of a £30+ Million 19.53 hectare property nearGlasgow, at Lennoxtown, for the heavily discounted (1/60th of the valuation) price of £497,000 to be transferred to Celtic FC for their training facility via the signature of one person, the CEO of Greater Glasgow Health Board. Every attempt was made to keep their ‘valuation’ below the £500,000 limit including not allowing VAT to allow this subversion of accountability.http://footballtaxhavens.wordpress.com/2013/11/13/lennoxtown-sale-approved-solely-by-tom-divers-ceo-greater-glasgow-health-board/

Similarly Glasgow City Council in 2007, for the miserly sum of £675,000 sold 5.33 hectares of land located near their stadium to Celtic which immediately became on the same date of sale, security for a low interest loan facility from the Co-operative Bank. Westhorn using Glasgow City Council‘s method of valuing estimates the land, using Govt. DVS resources, between £5-10 Million. The Lennoxtownvaluation of £30+ Million was also calculated using the same method:http://footballtaxhavens.wordpress.com/2013/12/26/lennoxtown-worth-over-30-million-westhorn-between-5-10-million/

It will be demonstrated below that this is State Aid. We know, like the cheap loans from the failing Co-Operative Bank, this is a corruption of fairness in sporting competition since no other Scottish club has been afforded cheap assets thus saving funds for more playing staff. Celtic also compete in theUEFA Champions League which is attempting to level the playing field by introducing Financial Fair Play(FFP) so it should interest UEFA. Unfortunately Celtic have a conflict of interest since their Chairman of the board in 2006 when the cheap subsidised Lennoxtown transaction was approved by the board is none other than Brian Quinn who sits on the FFP committee evaluating clubs. Therefore theFFP path is compromised as is UEFA and should be set aside for the moment and the EU State Aidcase pursued. Also better to be independent of UEFA whose efforts in investigating itself have proven poorand not transparent, like certain football authorities in Scotland.

Like the Lennoxtown and Westhorn land being transferred to Celtic undervalued to the extent of £35-40 Million there are two related cases of football teams receiving benefits through land deals withpublic authorities before the EU Competition Commissioners.

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