SEVEN SPANISH CLUBS COME UNDER THE E.U.SCANNER FOR DUBIOUS DEALS.

Seven Spanish football clubs both giants and minnows are now under the European Unions scanner for dubious deals, like getting illegal state aid,dubious land deals and have banked billions thanks to favourable rates , dubios land deals and cheap loan agreement in conjunction with both local and central government. The main clubs involved are Real Madrid, Barcelona, Valencia, Osasuna , Athletic Bilbao, Hercules and Elche are under this scanner.If any of these clubs are found guilty , then the penalty will be that these clubs will have to pay back the entire amount of money, plus a very heavy rate of interest. Now we must remember that most of these clubs are in big debt, let us take Real Madrid, they became the first football club to cross the 500 million pound earnings, but their debt is 500 million pounds as well. Real Madrid could even face further problems as it is reported that they got a parcel of land in Madrid from the Madrid council for 350,000 pounds, but was sold back to the municipality for a huge 20 million pounds. If found guilty Real Madrid would have to sell their stars like Cristiano Ronaldo and Gareth Bale cheap, and at a huge loss, and could be demoted as well. It is also reported that two other clubs one in England Tottenham Hotspurs and German club Borussia Dortmund are also under the scanner. And Cristiano Ronaldo has five year contract at Real Madrid it is staggering 76 million pounds before bonuses.