natgillin/translations-raw huggingface dataset:
Spanien giver tillige detaljerede oplysninger om de støttebeløb og renter, støttemodtagerne allerede har tilbagebetalt.
As regards Hercules CF and Elche CF, the Commission notes that no plan related to the viability of any of those two clubs was submitted, therefore also in the case of those two clubs point 34 of the 2004 R&R Guidelines is not fulfilled.
Artikel 5
Avoidance of undue distortions of competition (compensatory measures)
Denne afgørelse er rettet til Kongeriget Spanien.
According to point 38 of the 2004 R&R Guidelines, compensatory measures must be taken in order to ensure that the adverse effects on trading conditions are minimised as much as possible.
Udfærdiget i Bruxelles, den 4. juli 2016.
These measures may comprise divestment of assets, reductions in capacity or market presence and reduction of entry barriers on the markets concerned (point 39).
På Kommissionens vegne
In this regard, the sale of assets used in loss-making activities which would at any rate be necessary to restore viability will not be considered as a reduction of capacity or market presence for the purpose of the assessment of the compensatory measures (point 40).
Medlem af Kommissionen
Spain proposes as compensatory measures for Valencia CF the sale of the club's most valuable players (see recital 41 above).
EUT C 69 af 7.3.2014, s. 99.
However, the Commission notes that the players sold were used in the club's loss-making activity, i.e. the participation in football competitions, therefore those sales cannot be considered as bringing a reduction of capacity or performance in Valencia's profitable areas of activity.
Se fodnote 1.
Furthermore, the Commission notes that the sale of the abovementioned players was rather necessary as restructuring measure for the viability of Valencia CF, as also implied in the latter's 2009 viability plan.
Et gebyr, som en långiver opkræver fra en låntager for en uudnyttet kredit eller et ikke-udbetalt lån.
Indeed, those sales were necessary for the club to recover, through the increase of revenues and the reduction of the high costs of expensive players.
I Valencia CF's årsrapport fra juni 2012 anføres det, at Valencia CF er en del af en gruppe af virksomheder, hvis moder- eller holdingselskab er Fundación Valencia.
Even if those sales could ultimately benefit a competitor, their primary aim was to enable the recovery of Valencia.
Fortrolige oplysninger.
Therefore they cannot be considered as bringing any benefit to Valencia CF's competitors.
EUT C 155 af 20.6.2008, s. 10.
Against this background, the Commission considers the compensatory measures proposed by Spain not to be sufficient under the 2004 R&R Guidelines in order to ensure that the adverse effects on trading conditions resulting from the granting of aid to Valencia CF are minimised as much as possible.
EUT C 244 af 1.10.2004, s. 2.
As regards Hercules CF and Elche CF, the Commission notes that no compensatory measures related to any of those two clubs were submitted, therefore also in the case of those two clubs point 38 of the 2004 R&R Guidelines is not fulfilled.
Det drejer sig især om: a) ottende tillægsbestemmelse i Generalitat Valencianas lov nr. 7/1990 af 28. december 1990 om budgetter for 1991, i medfør af hvilken IVF blev oprettet, og b) Generalitat Valencianas lovdekret af 26. juni 1991 om offentlige finanser, som ændrede Generalitat Valencianas lov om offentlige finanser.
Aid limited to the minimum (own contribution)
Kommissionens beslutning af 12. maj 2004 om Spaniens statsstøtte til fordel for en yderligere omstrukturering af den spanske skibsbygningsindustri Statsstøttesag C 40/00 (ex NN 61/00), præmis 120 (EUT L 58 af 4.3.2005, s. 29), Domstolens dom af 20. september 2001, Banks, C-390/98, ECLI:EU:C:2001:456, præmis 77-78, og Domstolens dom af 8. maj 2003 Italien m.fl. mod Kommissionen (Seleco), C-328/99 og C-399/00, ECLI:EU:C:2003:252 præmis 83.
According to point 43 of the 2004 R&R Guidelines, in order to limit the amount of aid to the strict minimum of the restructuring costs necessary, a significant contribution to the restructuring from the beneficiary's own resources is necessary.
Valencia CF har angivet følgende: a) Den samlede bogførte værdi (købspris minus årlige afskrivninger) af Valencia CF's spillere ifølge årsregnskabet 2008/2009 var 95,7 mio. EUR, b) den anslåede samlede markedsværdi af Valencia CF's spillere i juni 2009 var ca. 235,7 mio. EUR, og c) i det regnskabsår, der sluttede i juni 2010, blev der solgt spillere for 78,7 mio. EUR (mens der blev brugt 14,5 mio. EUR på at købe nye spillere).
This can include the sale of assets that are not essential to the firm's survival, or external financing at market conditions.
EUT C 16 af 22.1.2009, s. 1.
The own contribution must be real, i.e. actual, excluding all future profits such as cash flow (point 43 of the 2004 R&R Guidelines).
Sag C-482/99, Republikken Frankrig mod Kommissionen (Stardust Marine), ECLI:EU:C:2002:294.
Inherently, the own contribution must not include any further State aid.
Sag C-200/97, Ecotrade, ECLI:EU:C:1998:579, præmis 41, og forenede sager C-399/10 P og C-401/10 P, Bouygues og Bouygues Télécom mod Kommissionen m.fl., ECLI:EU:C:2013:175, præmis 137-139.
For large firms like Valencia CF [32], the Commission usually considers a contribution of at least 50 % of the restructuring costs to be appropriate.
http://www.ivf.gva.es/p.aspx?pag=InformacionInstitucional.
However, in exceptional circumstances and in cases of particular hardship, the Commission may accept a lower contribution (point 44 of the 2004 R&R Guidelines).
Stardust Marine, ECLI:EU:C:2002:294, præmis 56, sag T-358/94, Air France mod Kommisssionen, ECLI:EU:T:1996:194, præmis 58.
In view of the total amount of the 2009 capital increase of EUR 92,4 million of Valencia CF, which can be considered as its restructuring cost, Spain proposes to consider as own contribution the private participations therein which reached the amount of EUR 18,8 million.
Dom af 22. marts 1977, Steinlike & Weinlig mod Tyskland, 78/76, ECLI:EU:C:1977:52, præmis 17-18.
However, the Commission notes that those private participations were equal to 20 % of the total restructuring costs.
Dom af 15. juli 2004, Pearle BV m.fl. mod Hoofdbedrijfschap Ambachten, C-345/02, ECLI:EU:C:2004:448, præmis 37.
On this basis, the Commission considers that the private participations in the 2009 capital increase of Valencia CF are not sufficient to be acceptable as own contribution.
Se Domstolens dom af 10. januar 2006, Cassa di Risparmio di Firenze, C-222/04, ECLI:EU:C:2006:8.
As regards Hercules CF and Elche CF, the Commission notes that measures 2 and 3 constituted 100 % of the financial sources of the respective capital injections into those clubs, therefore there was no private participation in those measures.
Kommissionens beslutning 2008/716/EF af 2. april 2008 om statsstøtte C 38/07 (ex NN 45/07) iværksat af Frankrig til fordel for Arbel Fauvet Rail SA (EUT L 238 af 5.9.2008, s. 27), Kommissionens afgørelse 2012/541/EU af 22. februar 2012 om Grækenlands statsstøtte til Enómeni Klostoÿfantourgía (United Textiles) AE (Statsstøttesag nr. SA.26534) (EUT L 279 af 12.10.2012, s. 30), Kommissionens afgørelse 2014/539/EU af 27. marts 2014 om statsstøtte SA.34572 (13/C) (ex 13/NN) iværksat af Grækenland til Larco General Mining & Metallurgical Company S.A.
Therefore, the Commission considers that requirements of point 43 of the 2004 R&R Guidelines have not been fulfilled.
(EUT L 254 af 28.8.2014, s. 24).
The ‘one time, last time’ principle
Forenede sager T-102/07, Freistaat Sachsen mod Kommissionen, og T-120/07, MB Immobilien og MB System mod Kommissionen, ECLI:EU:T:2010:62.
Finally, the aid must respect point 72 of the 2004 R&R Guidelines, which provides that a company that has received rescue and restructuring aid in the past 10 years is not eligible for rescue or restructuring aid (the ‘one time, last time’ principle).
https://www.standardandpoors.com/en_US/web/guest/article/-/view/sourceId/504352.
As regards Valencia CF, which benefitted from measures 1 and 4, Spain claims that measure 4 is only an increase of the existing guarantee by EUR 6 million, therefore it cannot be considered as a new guarantee and thus new State aid to Valencia CF.
»En debitor med en »C«-rating er i øjeblikket sårbar over for at misligholde en betaling, hvilket ville resultere i en »SD«- eller »D«-udstederrating, og er afhængig af gunstige forretningsmæssige, finansielle og økonomiske vilkår for at kunne opfylde sine finansielle forpligtelser. «
However, the Commission notes that the abovementioned 2010 increase of the 2009 existing State guarantee was not foreseen or programmed from the beginning, when the 2009 State guarantee was granted, but had an ad hoc character since it was granted in order to cover the unexpectedly defaulted interest payment of 26 August 2010 of the guaranteed loan (see recital 10 above).
»En debitor med en »D«-rating er under myndighedstilsyn som følge af sin finansielle situation.
Therefore the Commission considers that measure 4 constitutes new State guarantee in favour of Valencia CF and is separable from measure 1.
I tilsynsperioden kan tilsynsmyndighederne have beføjelse til at favorisere én klasse af forpligtelser over andre eller at betale nogle forpligtelser og ikke andre. «
Since Valencia CF benefited twice from restructuring aid in a period of 10 years, i.e. in 2009 and 2010, when it received the 2009 State guarantee and the 2010 increase of the previous (2009) guarantee, the Commission concludes that the ‘one time, last time’ principle is not respected in relation to measure 4, granted in favour of Valencia CF.
»En debitor med en »SD«-rating (delvis misligholdelse) ell er »D«-rating har undladt at opfylde en eller flere af sine finansielle forpligtelser (ratede eller ikke-ratede), med undtagelse af hybride instrumenter, som er klassificeret som lovpligtig kapital eller fritaget for betaling ifølge betingelserne, på forfaldsdatoen.
Conclusion
En debitor anses for at have misligholdt sin forpligtelse, medmindre Standard & Poor's mener, at sådanne betalinger vil blive foretaget inden for en fastlagt frist.
In view of the above, the Commission finds that the 2009 State guarantee and its 2010 increase in favour of Valencia CF, the 2011 State guarantee in favour of Hercules CF and the 2011 State guarantee in favour of Elche CF were granted in breach of Article 108(3) TFEU.
Enhver frist fastsat til mere end fem arbejdsdage vil blive betragtet som fem arbejdsdage.
The Commission also considers that the measures do not meet the conditions required by the 2004 R&R Guidelines.
Der tildeles en »D«-rating, når Standard & Poor's mener, at misligholdelsen er generel, og at debitor vil være ude af stand til at betale alle eller hovedparten af sine forpligtelser, efterhånden som de forfalder.
The Commission hence considers the aid not compatible with the internal market.
Der tildeles en »SD«-rating, når Standard & Poor's mener, at debitor har delvist misligholdt en bestemt form for eller klasse af forpligtelser, bortset fra hybride instrumenter klassificeret som lovpligtig kapital, men at denne fortsat vil opfylde sine betalingsforpligtelser på andre former for eller klasser af forpligtelser rettidigt.
Recovery
En debitors rating nedsættes til »D« eller »SD«, hvis den er nødlidende og afgiver et ombytningstilbud. «
According to the TFEU and the Court's established case-law, the Commission is competent to decide that the Member State concerned must abolish or alter aid when it has found that it is incompatible with the internal market [33].
Denne ratingkategori omfatter virksomheder med en betalingsevne, der afhænger af vedvarende gunstige forhold og består af CCC+, CCC og CCC-, CC ifølge Standard & Poor's ratingskala.
The Court has also consistently held that the obligation on a Member State to abolish aid regarded by the Commission as being incompatible with the internal market is designed to re-establish the previously existing situation [34].
Meddelelse fra Kommissionen om revision af metoden for fastsættelse af referencesatsen og kalkulationsrenten (EUT C 14 af 19.1.2008, s. 6).
In this context, the Court has established that this objective is attained once the recipient has repaid the amounts granted by way of unlawful aid, thus forfeiting the advantage which it had enjoyed over its competitors on the market, and the situation prior to the payment of the aid is restored [35].
Se http://ec.europa.eu/competition/state_aid/legislation/base_rates_eu27_en.pdf.
In line with the case-law, Article 16(1) of Council Regulation (EU) 2015/1589 [36] laid down that ‘where negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary […].’
Jf. fodnote 27.
Thus, given that the measures at hand were not notified to the Commission in violation of Article 108 TFEU and are, therefore, to be considered as unlawful and incompatible aids, they must be recovered in order to re-establish the situation that existed on the market prior to their granting.
Sag C-364/90, Italien mod Kommissionen, ECLI:EU:C:1993:157, præmis 20.
Recovery should cover the time from when the advantage accrued to the beneficiary, that is to say when the aids were put at the disposal of the beneficiary, until effective recovery, and the sums to be recovered should bear interest until effective recovery.
EUT C 83 af 7.4.2009, s. 1.
The Commission notes that Valencia CF has submitted that (see recital 41 letter (b) above), since the ownership of Valencia CF was transferred in the context of an open and competitive tendering procedure, the aid element (if any) would have been reflected in the market price and included in the purchase price and that therefore it is the seller of the shares that keeps the benefit of the aid.
Ifølge Kommissionens henstilling 2003/6/EF af 6. maj 2003 om definitionen af mikrovirksomheder og små og mellemstore virksomheder (EUT L 124 af 20.5.2003, s. 36) defineres små og mellemstore virksomheder (SMV'er) som virksomheder, som beskæftiger under 250 personer, og som har en årlig omsætning på ikke over 50 mio. EUR og/eller en årlig samlet balance på ikke over 43 mio. EUR.
According to Valencia CF, in the light of the above, the aid amount of the State guarantee would be recovered from the seller Fundacion Valencia.
De data, der anvendes ved beregning af antal beskæftigede og beløbsstørrelser, er også dataene fra det seneste afsluttede regnskabsår, og de beregnes på årsbasis.
The Commission considers that, as explained in recitals 47-48 above, since it was the club that ultimately benefitted from measures 1 and 4, with the 2014 sale, the aid was transferred also to the new Valencia CF owner.
Se sag C-70/72, Kommissionen mod Tyskland, ECLI:EU:C:1973:87, præmis 13.
The Commission notes that Elche CF and Hercules CF are currently subject to collective insolvency proceedings (see recitals 18 and 20 above).
Se forenede sager C-278/92, C-279/92 og C-280/92, Spanien mod Kommissionen, ECLI:EU:C:1994:325, præmis 75.
In line with a well-established case-law, the fact that a beneficiary is insolvent or subject to bankruptcy proceedings has no effect on its obligation to repay unlawful and incompatible aid [37].
Se sag C-75/97, Belgien mod Kommissionen, ECLI:EU:C:1999:311, præmis 64-65.
CONCLUSION
Rådets forordning (EU) 2015/1589 af 13. juli 2015 om fastlæggelse af regler for anvendelsen af artikel 108 i traktaten om Den Europæiske Unions funktionsmåde (EUT L 248 af 24.9.2015, s. 9).
The Commission concludes that Spain has unlawfully implemented aid to the sum of EUR 30,212 million in breach of Article 108(3) TFEU, in the form of:
Sag C-42/93, Spanien mod Kommissionen (»Merco«), ECLI:EU:C:1994:326.
The 2009 State guarantee granted by IVF for the purchase of shares in Valencia CF.
Kommissionens forordning (EF) nr. 794/2004 af 21. april 2004 om gennemførelse af Rådets forordning (EU) 2015/1589 om fastlæggelse af regler for anvendelsen af artikel 108 i traktaten om Den Europæiske Unions funktionsmåde (EUT L 140 af 30.4.2004, s. 1).
The 2010 State guarantee granted by IVF for the purchase of shares in Hercules CF.
Kommissionens forordning (EF) nr. 271/2008 af 30. januar 2008 om ændring af forordning (EF) nr. 794/2004 om gennemførelse af Rådets forordning (EF) nr. 659/1999 om fastlæggelse af regler for anvendelsen af EF-traktatens artikel 93 (EUT L 82 af 25.3.2008, s. 1)
The 2011 State guarantee granted by IVF for the purchase of shares in Elche CF.
Ifølge disse oplysninger blev garantien til Valencia CF efterfølgende hævet mindst to gange for at dække skyldige afdrag, renter og omkostninger Spanien blev bedt om at kommentere disse oplysninger den 8. april 2013.
The 2010 increase of the 2009 State guarantee granted by IVF to cover an increase of the existing 2009 loan for the purchase of shares in Valencia CF.
Spanien fremsendte oplysninger til Kommissionen den 27. maj og 3. juni 2013.
The Commission concludes that Spain has not granted new aid through the 2013 payment of EUR 4,9 million of the State guarantees granted by IVF in favour of Valencia CF.
Kommissionen anmodede Spanien om oplysninger i et brev af 1. august 2014 og fik svar den 30. september og den 13. oktober 2014.
The aid is not compatible with the internal market since it cannot be authorised as restructuring aid or any other type of aid.
Kommissionen anmodede Spanien om yderligere oplysninger i et brev af 23. januar 2015 og fik svar den 27. april 2015.
The amounts to be recovered are EUR 20,381 million from Valencia CF, EUR 6,143 million from Hercules CF and EUR 3,688 million from Elche CF,
Instituto Valenciano de Finanzas (»IVF«), et offentligt finansieringsinstitut i Generalitat Valenciana, fremsendte bemærkninger den 3. november og 15. december 2014 samt den 20. februar, 25. februar, 31. marts og 18. maj 2015.
HAS ADOPTED THIS DECISION:
IVF fremsendte yderligere oplysninger i e-mails af 3., 5., 13., 19., 20., 26. og 30. november 2015, 1., 11., 14., 15., 16., 17. og 18. december 2015 samt 4. og 13. maj 2016.
Article 1
Åbningsafgørelsen blev offentliggjort i Den Europæiske Unions Tidende den 7. marts 2014 [2].
The following measures constitute State aid that was unlawfully put into effect by Spain in breach of Article 108(3) of the Treaty on the Functioning of the European Union and that are incompatible with the internal market:
Kommissionen opfordrede interesserede parter til at fremsætte deres bemærkninger til foranstaltningerne.
Measure 1
Kommissionen modtog bemærkninger fra tre interesserede parter: Liga Nacional de Fútbol Profesional den 7. april 2014, Valencia CF den 7. april, 16. juni, 30. oktober og 15. december 2014 og 12. maj 2015 samt Fundaciόn Valencia Club de Fútbol (»Fundacion Valencia«) den 19. maj 2015.
The State guarantee granted by IVF on 5 November 2009 for a bank loan to Fundación Valencia for the subscription of shares in Valencia CF, in the context of the capital increase by Valencia CF, in the amount of EUR 19,193 million.
Kommissionen modtog bemærkninger fra interesserede parter.
Measure 2
Spaniens bemærkninger blev modtaget ved brev af 30. september og 13. oktober 2014 samt 3. juli 2015.
The State guarantee granted by IVF on 26 July 2010 for a bank loan to Fundación Hercules for the subscription of shares in Hercules CF, in the context of the capital increase by Hercules CF, in the amount of EUR 6,143 million.
Valencia CF fremsendte yderligere oplysninger den 14. december 2015 og 26. januar 2016.
Measure 3
Der blev afholdt et møde den 29. januar 2015 i Bruxelles mellem Kommissionens tjenestegrene, de spanske myndigheder, repræsentanter for IVF og repræsentanter for Valencia CF.
The State guarantee granted by IVF on 17 February 2011 for two bank loans to Fundación Elche for the subscription of shares in Elche CF, in the context of the capital increase by Elche CF, in the amount of EUR 3,688 million.
Ifølge den aftalte tilbagebetalingsplan for lånet skulle der ske årlige tilbagebetalinger af rente fra august 2010, hvorimod lånets hovedstol skulle tilbagebetales med 37,5 mio. EUR den 26. august 2014 og 37,5 mio. EUR den 26. august 2015.
Measure 4
Det var planen, at tilbagebetalingen af lånets hovedstol og renter skulle ske med provenuet fra salget af de aktier, Fundación Valencia købte i Valencia CF.
The increase granted by IVF on 10 November 2010 to Fundación Valencia, in the amount of EUR 1,188 million for the payment of overdue capital, interest and costs of the loan guaranteed by measure 1.
Som følge af denne forhøjelse blev den oprindelige tilbagebetalingsplan for det underliggende låns hovedstol (se betragtning 7 ovenfor) ændret til, at der nu skulle betales 40,5 mio. EUR den 26. august 2014 og 40,5 mio. EUR den 26. august 2015.
Article 2
Lånets rente var uændret.
Spain shall recover the incompatible aid granted and as referred to in Article 1 from the Valencia CF for Measures 1 and 4, Hercules CF for Measure 2, and Elche CF for Measure 3.
Ifølge bemærkninger fra de spanske myndigheder og Valencia CF i forbindelse med den formelle undersøgelsesprocedure betalte IVF i februar 2013 4,9 mio. EUR til dækning af Bankias delvise udnyttelse af statsgarantien som følge af den manglende rentebetaling den 26. august 2012.
The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiaries until their actual recovery.
Kommissionen indledte på grundlag af de oplysninger, den havde til rådighed på daværende tidspunkt, en formel undersøgelsesprocedure i december 2013, idet den troede, at IVF havde hævet sin eksisterende garanti i februar 2013 på samme måde som den 10. november 2010.
The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004 [38] and with Commission Regulation (EC) No 271/2008 [39] amending Regulation (EC) No 794/2004.
Valencia CF er en professionel spansk fodboldklub i Valencia, som blev grundlagt i 1919.
Spain shall cancel all outstanding payments of the aid referred to in Article 1 with effect from the date of adoption of this decision.
Den spiller i den bedste spanske række (»La Liga«) og er en af de største fodboldklubber i spansk og europæisk fodbold.
Article 3
På tidspunktet for den pågældende foranstaltning (juli 2010) havde Hércules CF lige kvalificeret sig til La Liga som nr. 2 i den spanske anden division (»Segunda División«) i sæsonen 2009/10.
Recovery of the aid referred to in Article 1 shall be immediate and effective.
Ifølge de spanske myndigheder indgik Hércules CF den 25. januar 2012 en aftale med størstedelen af de private kreditorer, der havde indledt konkursbehandling den 5. juli 2011 (»concurso de acreedores«), som omfattede et haircut på 50 % af deres fordringer og en udsættelse af afbetalingen af ordinære fordringer på syv år med mulighed for forlængelse på to år i tilfælde af, at klubben mistede sin status som professionel.
Spain shall ensure that this Decision is implemented within 4 months following the date of notification of this Decision.
På tidspunktet for de pågældende foranstaltninger (februar 2011) spillede klubben i anden division, mens den i sæson 2013/14 og 2014/15 spillede i La Liga.
Article 4
Tabel 5 nedenfor viser Elche CF's økonomiske resultater i perioden juni 2007 til juni 2011.
Within 2 months following notification of this Decision, Spain shall submit the following information:
Ifølge de spanske myndigheder indledte Elche CF konkursbehandling den 6. august 2015.
the total amount (principal and recovery interests) to be recovered from each beneficiary;
Rentabilitetsplanen omfattede:
documents demonstrating that the beneficiaries have been ordered to repay the aid.
Valencia CF støtter endvidere, at den samlede markedsværdi af klubbens spillere [10] samt den omstændighed, at dens registrerede kapital i perioden 2007-2009 ikke gik tabt, men forblev stabil, og at klubben igen fik overskud i 2011 og 2012, var tilstrækkelig til at tilbagevise antagelsen om, at Valencia CF var i økonomiske vanskeligheder, fordi den havde en negativ egenkapital i perioden 2007-2009.
Spain shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 1 has been completed.