On Thursday 12 March, the General Court of the European Union annulled the Commission's decision on aid measures in favour of the Spanish football clubs Valencia CF and Elche CF (cases T-732/16 and T-901/16). In the opinion of the General Court, the decision “is vitiated by a number of manifest errors of assessment”.
Between 2009 and 2010, the Instituto Valenciano de Finanzas granted a number of guarantees to associations linked to three Spanish professional football clubs from the...