Business briefing

January 23, 2004
EU to investigate Real Madrid deal

The European Union is to launch an investigation into the sale of Real Madrid's Ciudad Deportiva training complex three years ago.

The EU wants to know exactly how much money was raised by the deal as it tries to ascertain whether there were any improprieties in the transaction.

The club received a payment of €480 million in May 2001 for the land which allowed the club to pay off debts of €270 million.

However, ...

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