The General Court of the European Union Dismisses the Decision of the European Commission on State Aid to Valencia Club de Fútbol

The General Court of the European Union Dismisses the Decision of the European Commission on State Aid to Valencia Club de Fútbol
On 12 March 2020, the General Court of the European Union annulled the European Commission’s decision in relation to Spanish club Valencia CF.
 

The preamble of the case goes back to 2009 and 2010 when the Instituto Valenciano de Finanzas (IVF) - the financial establishment of the Generalitat Valenciana (Regional Government of Valencia, Spain) - issued several guarantees to the associations related to three Spanish professional football clubs, Valencia CF, Hércules CF and Elche CF. The main purpose of those guarantees...

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