On Tuesday, 26 February, the judges at the General Court of the European Union annulled the European Commission's decision to classify the tax regime that applied to four Spanish professional football clubs from 1990 to 2015 as illegal State aid and to ask the Spanish authorities to recover the sums that should allegedly have been paid.
Spanish professional sports clubs were obliged to change into limited sports companies (LSCs) under a 1990 law. However, as a result of an exemption, four...