Off the top of my head: real sold their old training ground to the municipal govt for a fee far, far in excess of what it was worth. The govt then sold/gave them long lease on new facilities for a peppercorn sum.
That’s not true. Their land and their old training ground was built near Paseo de la Castellana in 1963, but back then it was on outskirts of the city.
That land was worth fuck ton after 30 years when city grew, this is what the build on it after:
Like what?
Like /u/espret’s story! Like how the government helped Real with shady deals 20 years ago… … Duh
Like what?
Off the top of my head: real sold their old training ground to the municipal govt for a fee far, far in excess of what it was worth. The govt then sold/gave them long lease on new facilities for a peppercorn sum.
Daz just gud business!
That’s not true. Their land and their old training ground was built near Paseo de la Castellana in 1963, but back then it was on outskirts of the city.
That land was worth fuck ton after 30 years when city grew, this is what the build on it after:
https://en.wikipedia.org/wiki/Cuatro_Torres_Business_Area
They moved to unconnected unbuilt outskirts of Madrid once again, which are still half-empty to this day, called Valdebebas.
Here’s HITC Sevens episode about it, when I learned it from:
https://youtu.be/ao5gccLtRL8?si=3EfB8NVAbfrOsg3e&t=319
Here’s article about it, title is:
“EU Court rules Real Madrid got no state aid in land deal”
https://www.euronews.com/2019/05/22/eu-court-rules-real-madrid-got-no-state-aid-in-land-deal