PSV-deal court case costs 200,000 Euros

The lawsuit the city of Eindhoven is going to start against the European Commission regarding the alleged state aid to PSV is going to cost around 200,000 Euros, alderman Depla for Finance writes in a letter to the council.

The costs are this high because external experts need to hired. Even if the city wins the lawsuit, they will not be able to recover the costs from the European Commission. The money needs to be taken out of the risk fund. That fund is composed of the positive difference between revenue from leasehold and interest. In the so-called PSV-deal, the city bought the ground underneath the stadium and the Herdgang for more than 48 million Euros. According to the European Commission PSV received state aid through this deal because the city would not represent a normal ‘market party’.The College states the deal has been thoroughly investigated by an external consultancy that concluded that a market price had been paid. It will not await the on-going investigation and is starting a court case against the European Commission immediately.

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