natgillin/translations-raw huggingface dataset:
Alternatively, the Netherlands argues that even if the measures were to be considered as having provided a selective advantage to FC Den Bosch, they would not distort competition or affect trade between Member States.
Občina (posojilo, odobreno leta 2000)
The Netherlands emphasises the weak position of FC Den Bosch in national professional football, which makes participation in competitions at European level a very unlikely event.
1,65 milijona EUR
FC Den Bosch was in a difficult financial situation in 2010.
0,73 milijona EUR
In 2011, it had a negative own equity with debts of EUR 5,97 million and debts of EUR 7 million, with a turnover of around EUR 3 million.
0,235 milijona EUR
The club had the creditors and debts as shown in Table 1.
Zasebni upnik
Table 1
0,3 milijona EUR
Creditors and debts of FC Den Bosch
0,1 milijona EUR
Creditors
Zato sta klub FC Den Bosch in KNVB junija 2011 pripravila načrt za prestrukturiranje.
Loan amounts
Na podlagi načrta je klub postal družba z omejeno odgovornostjo (NV).
The municipality (the balance of a loan granted in 2000)
(Nezavarovani) dolžniški instrumenti raznih večjih upnikov so se konvertirali v deleže kluba, kot je prikazano v tabeli 2.
EUR 1,65 million
Tabela 2
EUR 1,092 million
Razmerje konverzij dolgov in lastniškega kapitala
EUR 1,865 million
Upnik
EUR 0,73 million
Posojilo
EUR 0,235 million
Delež/odstotki
EUR 0,3 million
Občina/fundacija Stichting Met Heel Mijn Hart
EUR 0,1 million
Od tega je 11000 prednostnih delnic
The KNVB indicated that the club would lose its professional football licence if the own equity would still be negative by 30 June 2011.
Preostali 0,1-odstotni delež se je razdelil med vodilne člane nogometnega kluba.
This would mean that the club would be relegated to amateur status.
To kaže, da je občina na podlagi pogajanj v zameno za 38 % deleža od dolgov kluba prejela 54 % deleža v klubu.
Therefore FC Den Bosch and the KNVB elaborated in June 2011 a restructuring plan.
Nadalje je komercialno posojilo v znesku 100000 EUR podprlo jamstvo tretje osebe; druge zasebne strani so zagotovile svež kapital v znesku 300000 EUR.
According to the plan, the club was transformed in a limited company (NV).
Kratkoročno posojilo v znesku 250000 EUR se je spremenilo v dolgoročno posojilo.
The (unsecured) debts of the various larger creditors were transformed into shares of the club as set out in Table 2.
Dolgovi iz naslova neplačane najemnine za stadion občinskemu podjetju BIM, ki stadion upravlja, so zavarovani s pravico podjetja BIM, da prejme prihodke od pravic televizijskega predvajanja.
Table 2
Občina je svoje posojilo v znesku 1,65 milijona EUR štela za neizterljivo.
Debt-equity-swap ratios
Že v občinskem proračunu za leto 2010 je bilo posojilo označeno kot neizterljivo, saj ga klub FC Den Bosch ni več odplačeval.
Creditor
Občina je junija 2011 računovodskemu podjetju Ernst & Young, ki je finančni položaj kluba FC Den Bosch analiziral že februarja in marca 2011, naročila, naj oceni izterljivost posojila klubu FC Den Bosch.
Loan
Podjetje je ugotovilo, da četudi bi večji upniki kluba odstopili od dolgoročnih dolgov in bi se klub posledično prestrukturiral, ni moč razumno pričakovati, da bo klub v prihodnjih letih odplačal posojilo ali plačal obresti.
Shares/percentage
Ugotovitev je smiselna tudi, če upoštevamo, da klub nima nobenih nepremičnin ali strojev, ki bi jih lahko prodal ali unovčil za odplačilo dolgov.
EUR/share
Občina je v okviru dogovora upnikov sklenila, da svojo terjatev do 54-odstotnega deleža prenese na fundacijo Met Heel Mijn Hart proti plačilu 1 EUR.
The municipality/foundation Stichting Met Heel Mijn Hart
Tako je namesto občine, ki ni izrazila nobenega interesa za vključenost v klubsko upravo, fundacija postala delničarka kluba na enak način kot ostali veliki upniki v skladu z dogovorom za prestrukturiranje med njimi in občino.
11000 thereof are preferential shares
Fundacija bo na podlagi tega deleža prodajala delniške listine za 100 EUR.
The remaining 0,1 % of the shares was distributed to senior members of the football club.
V primerjavi z ostalimi upniki je bil razlog za posebno velik interes občine za preprečitev prenehanja kluba oziroma njegovega nazadovanja v amaterski status dejstvo, da bi vsaj za nekaj časa izgubila glavnega uporabnika in plačnika najemnine za stadion.
This shows that the municipality negotiated to receive 54 % of the shares in the club for a share of 38 % in the debts of the club.
V tem pogledu je bilo v gospodarskem interesu občine, da klub še naprej tekmuje v profesionalnem nogometu.
Furthermore, a commercial loan of EUR 100000 was supported by a guarantee from a third party; other private parties provided fresh capital of EUR 300000.
Informacije, ki jih je v zvezi z zemljiščem pod objektom za trening, tj. območjem v velikosti 36000 m2, predložila Nizozemska, kažejo, da je zemljišče že bilo v lasti občine.
A short term loan of EUR 250000 was transformed into a long term loan.
Občina bi na tem zemljišču lahko gradila hiše in stanovanja.
The debts to the municipal stadium operating company BIM for stadium rent are secured by a right of BIM to seize TV transmission rights income.
V vsakem primeru je torej imela interes za to, da bi klub zapustil območje, ob likvidnostnih potrebah kluba pa je zagrabila priložnost.
The municipality considered its loan of EUR 1,65 million as non-recoverable.
Zato je klubu v zameno za zapustitev prostorov nameravala izplačati nadomestilo, kot je potrebno v primeru nesporne razlastitve stavb, in na podlagi nizozemskega prava o razlastitvi v tovrstnih primerih zahtevala oceno stavb in obratov na zemljišču.
Already in the 2010 budget of the municipality the loan was marked as non-recoverable because FC Den Bosch did not make payments anymore on it.
Cena nakupa se je določila na podlagi ocene športnega objekta, ki jo je podal priznan neodvisen izvedenec za obdavčitev zemljišč.
In June 2011, the municipality asked the accounting company Ernst & Young, which had analysed the financial situation of FC Den Bosch already in February and March 2011, to assess the recoverability of the loan to FC Den Bosch.
Ocena je temeljila na prilagojeni nadomestni vrednosti, ki je opredeljena kot znesek, ki je potreben za pridobitev predmetov enake vrednosti v smislu vrste, kakovosti, stanja in starosti.
It found that for the coming years, one could not reasonably expect a repayment of the loan or payments of interest, even if the club was restructured due to the waiving of the long term debts by its larger creditors.
Ta znesek torej ni samo vrednost športnega objekta v njegovi velikosti.
This finding makes also sense if one considers that the club has no real estate property or machinery which could be sold or liquidated for repaying debts.
Prilagojena je tudi glede na njegovo tehnično stanje in starost.
By doing so, the foundation became shareholder of the club — instead of the municipality which expressed no interest in being involved in the management of the club - in the same way as the other large creditors, and as agreed with them and the municipality in the restructuring agreement.
Nizozemska zato meni, da je mnenje Komisije, da je poročilo o oceni temeljilo le na nadomestni vrednosti, napačno.
The foundation will sell on the basis of these shares certificates for EUR 100.
V nizozemski praksi ocenjevanja se neobičajni predmeti, kot so cerkve, spomeniki in športni objekti, ocenjujejo na podlagi prilagojene nadomestne vrednosti, ki je opredeljena kot cena, ki bi jo bil neodvisen kupec pripravljen plačati v primeru razlastitve ali premestitve dejanskega lastnika.
Compared to the other creditors, the particular, greater interest of the municipality in avoiding a liquidation of the club or its relegation to amateur status was that it would lose, at least for some time, the principal user and rent fee payer of its stadium.
V zvezi s pripombami Komisije, da je vrednost, ki jo je določila ocena, višja od knjigovodske vrednosti v izkazih kluba FC Den Bosch, Nizozemska navaja, da knjigovodska vrednost zemljišča ali stavbe ponavadi ne odraža dejanske tržne vrednosti.
In that respect it was in the economic interest of the municipality to have the club to continue playing professional football.
Poleg vrednosti v komercialni transakciji jo določajo razni drugi dejavniki, kot je dejanska nakupna cena ali depreciacija.
Regarding the ground under the training complex, an area of 36000 m2, the information submitted by the Netherlands shows that the ground was already owned by the municipality.
Klub je trening nadaljeval drugod, in sicer na stadionu in v drugem nogometnem objektu v mestu, ki je imel prosto zmogljivost.
It was in use by FC Den Bosch, which had constructed the sport complex with buildings and sport fields at its own expense in the year 2000 and modified in 2006 and 2007.
Nizozemska trdi, da se je cena objekta za trening določila brez ozira na morebitne finančne potrebe kluba FC Den Bosch.
There was no long leasehold (erfpacht) [9] between the municipality and FC Den Bosch.
Del zneska, ki mu je bil izplačan za zapustitev objekta za trening, je klub uporabil za prilagoditev nadomestnih tovrstnih objektov.
The municipality could realise on this property the building of houses and apartments.
Ta prihodek se je prav tako uporabil za plačilo dolgov iz naslova najemnine podjetju BIM.
Therefore it had in any case an interest for the club to leave the premises and seized the opportunity opened by the liquidity needs of the club.
Združljivost državne pomoči v skladu s členom 107(3)(c) Pogodbe
Therefore it intended to compensate the club for the vacation of the premises like in the case of an uncontested expropriation of buildings and asked for a valuation of the buildings and installations on the ground on the basis of the Dutch law on expropriations for such a case.
Nizozemska je trdila, da tudi če bi ukrep pomenil pomoč, bi bil združljiv z notranjim trgom.
This price for the acquisition was determined by a valuation of the sport complex by an independent acknowledged land taxation expert.
Nizozemska je v zvezi s prestrukturiranjem kluba FC Den Bosch finančni položaj kluba opredelila v uvodni izjavi 8.
The valuation was based on the adjusted replacement value, which is described as the amount necessary to obtain objects of the same value in terms of type, quality, state and age.
Vsi nizozemski profesionalni nogometni klubi potrebujejo licenco, ki jo podeli KNVB, to pa prejmejo le, če izpolnjujejo razne zahteve.
This amount is therefore not just the value of the sport complex in its given size.
Ena od obveznosti sistema se nanaša na finančno stanje kluba.
It is adjusted according to its technical state and its age.
Če obveznost ni zadostno izpolnjena, KNVB lahko licenco odvzame.
Such valuation is imposed by Article 40b, paragraph 3 of the Dutch expropriation law (Onteigeningswet) for cases of consensual expropriation, which was, according to the Netherlands, applicable to the situation at hand.
Če se ustanovi naslednik kluba, se ta v profesionalne nogometne lige ne bi uvrstil takoj, temveč bi moral začeti v drugi največji amaterski ligi.
Therefore, the Netherlands considers that the Commission was not correct in considering that the valuation report referred just to the replacement value as basis for the valuation.
Klub FC Den Bosch je zaradi svojih težav tvegal izgubo licence za sodelovanje v profesionalnih tekmovanjih.
In the Dutch valuation practice, unconventional objects, like churches, monuments, or sport complexes, are valued at the adjusted replacement value, described as the price an independent buyer would be willing to pay for in the case of an expropriation or relocation of the actual owner.
Nizozemska je navedla, da je bila na podlagi teh težav odločitev občine, da odstopi od posojila in klubu FC Den Bosch izplača nadomestilo za zapustitev objekta za trening, ki ga je uporabljal, podrejena številnim pogojem iz načrta za prestrukturiranje, o katerem so se dogovorili občina, drugi upniki in klub FC Den Bosch.
Regarding the Commission's observation that the value determined by the valuation was higher than the book value in the accounts of FC Den Bosch, the Netherlands states that the book value of a piece of land or buildings is usually not reflecting its actual market value.
V načrtu za prestrukturiranje je bila predvidena nova pravna struktura kluba FC Den Bosch.
It is determined by various other factors than its value in a commercial transaction, like the historical acquisition price or the depreciation.
Postal je družba z omejeno odgovornostjo (naamloze vennootschap (NV)), zmanjšalo se je število zaposlenih in igralcev.
The club continued its training activities elsewhere, in the stadium and in another football training complex in the town which still had spare capacity.
Prav tako je bilo predvideno zmanjšanje števila pogodbenih igralcev na 16 igralcev oziroma na minimum, ki ga določa KNVB.
The Netherlands argues that the price of the training complex was determined without regard to the possible financing needs of FC Den Bosch.
Klub FC Den Bosch ne bo kupoval igralcev na prestopnem trgu, temveč bo pogodbe sklepal le s prostimi igralci.
A part of the amount received for leaving its training complex was used by the club to accommodate the alternative training facilities.
Zaradi tega je bilo predvideno 17-odstotno zmanjšanje stroškov zaposlenih in igralcev.
This income was also used to pay the stadium rent debts to BIM.
Namen načrta je bila vzpostavitev stabilnega finančnega položaja v roku treh let.
Compatibility of the State aid under Article 107(3)(c) of the Treaty
V načrtu so bile predvidene manjše izgube v proračunskih letih 2011/2012 in 2012/2013 ter majhen dobiček v znesku 0,1 milijona EUR v proračunskem letu 2013/2014.
Alternatively, the Netherlands argued that even if the measure were to constitute aid, it would be compatible with the internal market.
Zaradi tega klub FC Den Bosch ni bil zmožen pridobivati prestopnih igralcev.
Regarding the restructuring of FC Den Bosch, the Netherlands described the financial situation of the club as set out in recital 8.
Klubu FC Den Bosch je v obračunskem letu 2011/2012 uspelo ustvariti zmeren dobiček v znesku 0,103 milijona EUR, deloma tudi zaradi sponzorskih pogodb, ki so bile boljše od predvidenih.
Each Dutch professional football club needs a licence from the KNVB, which it receives only if it complies with various obligations.
OCENA UKREPOV
One of the obligations under the system relates to the financial health of the club.
V skladu s členom 107(1) Pogodbe je državna pomoč vsaka pomoč, ki jo dodeli država članica, ali kakršna koli vrsta pomoči iz državnih sredstev, ki izkrivlja ali bi lahko izkrivljala konkurenco z dajanjem prednosti posameznim podjetjem ali proizvodnji posameznega blaga, kolikor prizadene trgovino med državami članicami.
If it is insufficient, the KNVB may withdraw the licence.
Pogoji iz člena 107(1) Pogodbe so kumulativni, zato morajo biti izpolnjeni vsi pogoji, da se lahko ukrep šteje za državno pomoč.
If a successor club is founded, it would not be admitted to the professional football leagues directly, but it would have to start in the second-highest amateur league.
Posledično je treba ta dva ukrepa oceniti skupaj [10].
It was transformed from a club into a limited company (naamloze vennootschap (NV)), cuts in staff and in the group of players.
Državna sredstva se lahko prenašajo v različnih oblikah, kot so neposredne subvencije, posojila, jamstva, neposredne naložbe v kapital podjetja ter prejemki v naravi.
It foresaw that the number of contract players is reduced to the minimum imposed by the KNVB of 16.
Odstop od državnih terjatev prav tako pomeni prenos državnih sredstev.
FC Den Bosch will not buy players on the transfer market but only contract freely transferable players.
Selektivna prednost za klub FC Den Bosch
This entailed a reduction of cost of personnel and players of 17 %.
Za prednost gre takrat, kadar se finančni položaj podjetja izboljša zaradi posredovanja države.
As set out in recital 22, the creditors of FC Den Bosch waived debts of altogether EUR 5,337 million for equity.
To se oceni tako, da se finančni položaj podjetja po ukrepu primerja z njegovim finančnim položajem, če ukrep ne bi bil uveden.
Furthermore the municipality compensated the club for leaving the training complex it had used so far with an amount of EUR 1,4 million.
Nesporno je, da se je finančni položaj kluba FC Den Bosch znatno izboljšal zaradi ukrepov, ki so predmet preiskave.
With these measures, the negative equity of the club was turned into a moderate positive equity of EUR 0,63 million which allowed its transformation in a limited company.
Prednost v smislu člena 107(1) Pogodbe je katera koli gospodarska korist, ki je podjetje ne bi pridobilo pod običajnimi tržnimi pogoji [11], tj. v odsotnosti posredovanja države, ki ga ne usmerjajo poslovna načela.
This wouldn't leave room for FC Den Bosch to acquire transfer players.
Odstop od podrejene terjatve
In fact, FC Den Bosch was able to realise in the accounting year 2011/2012 a moderate profit of EUR 0,103 million, also due to better than predicted sponsoring contracts.
Kot je prikazano zgoraj, odločitev o odstopu od podrejene terjatve v znesku 1,65 milijona EUR vključuje konverzijo dolga v lastniški kapital, ki ji sledi prenos posledične terjatve iz naslova lastniških instrumentov v zameno za znesek 1 EUR.
ASSESSMENT OF THE MEASURES
Zato je najprej treba ugotoviti, ali bi zasebni upnik tudi konvertiral dolg v lastniški kapital na enak način, kot je to storila občina.
According to Article 107(1) of the Treaty, State aid is aid awarded by a Member State or through State resources in any form whatsoever, which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods in so far as it affects trade between Member States.
V primeru podjetja, ki izpolnjuje pogoje za bankrot, ima zasebni upnik dve možnosti.
The Commission notes that both actions were presented together and were decided in the same meeting of the municipal council and that they are closely linked as regards their purpose and the situation of FC Den Bosch at the time.
Načelo vlagatelja v tržnem gospodarstvu se spoštuje, če transakcijo pod enakimi pogoji (in zato tudi z enako stopnjo tveganja in donosa) ter istočasno izvedejo javni organi in zasebni izvajalci, ki so v primerljivem položaju (transakcija pari passu).
Consequently, these two measures should be assessed together [10].
V tem primeru je običajno razvidno, da je tovrstna transakcija skladna s tržnimi pogoji [12].
In the present case, however, it is clear from the assessment which follows that both measures constitute State aid when considered separately.
Prav tako je pomembno, ali ima posredovanje zasebnega izvajalca dejanski gospodarski pomen in ni le simbolično ali obrobno [13] in ali je izhodiščni položaj zadevnih javnih organov in zasebnih izvajalcev v zvezi s transakcijo primerljiv.
This necessarily implies that the measures also constitute State aid when assessed together as a single measure.
Če pa javni organi in zasebni izvajalci, ki so v primerljivem položaju, hkrati sodelujejo pri isti transakciji, vendar pod različnimi pogoji, to običajno pomeni, da posredovanje javnega organa ni v skladu s tržnimi pogoji.
Use of State resources
V primeru, ki je predmet preiskave, je izhodiščni položaj zadevnih javnih organov in zasebnih izvajalcev v zvezi s transakcijo primerljiv.
Both measures were decided by the municipality and they have financial consequences for this municipality amounting to EUR 3,1 million.
Vsi upniki, ki so bili udeleženi v transakciji, so imeli nezavarovana in neizterljiva posojila.
They thus involve the use of State resources and are imputable to the State.
Udeleženost zasebnega sektorja je bila prav tako znatna.
The transfer of State resources may take many forms, such as direct grants, loans, guarantees, direct investment in the capital of enterprises and benefits in kind.
Vendar pa, kot je že bilo poudarjeno, drugi akterji niso običajni akterji na trgu; zdi se, da so bili vsi na tak ali drugačen način povezani s klubom.
Waiving claims of the State also constitutes a transfer of State resources.
Zato ni moč sklepati, da je njihovo ravnanje usmerjala želja po dobičku; navijači, na primer, niso razumni akterji na trgu, ki želijo ustvariti dobiček.
Selective advantage for FC Den Bosch
Prav tako je jasno, da se je transakcija izvedla pod drugačnimi pogoji.
Whenever the financial situation of an undertaking is improved as a result of State intervention, an advantage is present.
Občina je v zameno za svoj odstop od dolgov zahtevala več kot drugi upniki.
To assess this, the financial situation of the undertaking following the measure should be compared with its financial situation if the measure had not been introduced.
Kot je prikazano v tabeli 2, je s 26,7 EUR na delnico prejela večji delež kot vsi drugi komercialni ali nepridobitni upniki.
It is undisputed that FC Den Bosch's difficult financial situation improved markedly through the measures under investigation.
Nadalje je prestrukturiranje dolgov klubu FC Den Bosch omogočilo izplačilo zaostalih najemnin občinskemu podjetju BIM, ki upravlja stadion.
An advantage, within the meaning of Article 107(1) of the Treaty, is any economic benefit which an undertaking would not have obtained under normal market conditions [11], i.e. in the absence of State intervention which is not guided by commercial principles.
Na drugi strani pa je upnik […] prejel prednostne delnice, ki mu lahko zagotovijo prednostni položaj pri prejemu morebitnih poznejših dividend.
The Netherlands claims that the improvement of the financial situation of FC Den Bosch is the result of market conform transactions and therefore not undue.
To pomeni, da ni izključeno, da je imel vsaj en zasebni akter boljše pogoje kot občina.
According to the Netherlands, the municipality acted in compliance with the market economy investor principle (hereinafter: ‘MEIP’).
Dokazila ne dopuščajo sklepa, da je občina pri dogovoru o konverziji ravnala pari passu z akterji v tržnem gospodarstvu.
The waiver of the subordinated claim
Prav tako ni verjetno, da bi zasebni vlagatelj privolil v prodajo svojega neizterljivega posojila, konvertiranega v lastniški kapital, za ceno 1 EUR fundaciji, ki načrtuje prodajo listin za te delnice po ceni 100 EUR na delnico.
As set out above, the decision to waive the subordinated claim of EUR 1,65 million involves a debt-to-equity swap, followed by a transfer of the resulting claim for equity for EUR 1.
S tem, ko ni obdržala delnic, se je občina znebila edinega komercialnega razloga za konverzijo dolga v lastniški kapital, in sicer (majhnega) upanja ali pričakovanja, da delnice pridobijo na vrednosti.
It therefore first needs to be determined whether a private creditor would have swapped debts for equity in the same way as the municipality.
Tretji osebi je s prodajo delniških listin omogočila zbiranje sredstev, namesto da bi to storila sama ali vsaj zahtevala, da ji pripade delež od prihodkov od prodaje [14].
In the case of an undertaking that fulfils the conditions for bankruptcy, a private creditor has two options.
V tem primeru bi država ohranila svoje delnice in bi razumno lahko pričakovala tudi prihodnji dobiček.
It may proceed to the liquidation of the undertaking with a view to recover at least a part of its loan, or it may convert the loan in shares to allow the undertaking to continue operating, with a perspective to become profitable again, so that the shares increase their value.
Odstop od podrejenega dolga se torej ne more primerjati z ravnanjem razumnega akterja na trgu, saj je klub FC Den Bosch dobil prednost, ki je pod tržnimi pogoji ne bi imel.
If private creditors acted in the same way as the municipality, and for a significant part of the debts of FC Den Bosch, one could assume that the behaviour of the municipality follows the MEIP.
Nakup objekta za trening