Spain

Spanish Formula One star Fernando Alonso has stated that his plans to establish a new cycling team in 2015 are progressing well but added that securing a place on the elite WorldTour would not be an immediate priority.

Singapore businessman Peter Lim has tabled a bid to acquire a majority stake in financially-troubled Spanish Liga top-tier football club Valencia.

The European Commission’s investigation into state support for Spanish football clubs is not part of a jealous witch hunt against the country, according to one of the complainants.

The Spanish Football Federation (RFEF) has narrowed its list of candidate cities for its Uefa Euro 2020 bid by announcing it will put forward Bilbao and Madrid for consideration.

The European Commission has opened a three-pronged investigation into allegations that several Spanish Liga football clubs, including Real Madrid and Barcelona, benefited unfairly from state support.

The European Commission is to launch disciplinary proceedings against seven Spanish football clubs, including Barcelona and Real Madrid, over allegations of benefiting from favourable financial treatment from the state.

Barcelona’s mooted plans to build a new stadium have suffered a setback after the University of Barcelona dismissed suggestions that it could sell the required land to the Spanish Liga football club.

Spanish Liga football club Valencia faces the prospect of being put up for sale in a bid to resolve its long-standing financial problems.

Spanish Liga football club Barcelona expects to make a definitive decision on the future of its Nou Camp stadium in January, with officials currently studying the viability of two separate development proposals.

Jose Maria del Nido, the president of top-tier Spanish Liga football club Sevilla, has been sentenced to seven years in prison for embezzlement and corruption.

Spanish Football League (LFP) president Javier Tebas has again backed the controversial third-party player ownership (TPO) model as providing a means to boost the competitiveness of La Liga.

Spanish La Liga football club Valencia has unveiled a scaled back redesign for its long-delayed Nuevo Mestalla stadium, but has stressed that it will remain one of the world’s leading venues when it is completed.

Spanish La Liga giant Real Madrid has reportedly handed an annual salary of €7.5 million to its team coach Carlo Ancelotti, just over half of what it paid his predecessor Jose Mourinho.

Spanish La Liga football club Malaga has cleared its financial debt, following its exclusion from participating in this season’s UEFA tournaments under financial fair play regulations.

Spanish La Liga giant Real Madrid has signed an agreement with the Chinese Ministry of Education to implement a project that seeks to introduce football classes in the country’s state schools.

The Spanish Football League (LFP) has confirmed reports that Real Madrid’s debt stands at €541 million, but has moved to defend the club’s status by stating it has “excellent financial management”.

Real Madrid president Florentino Perez has revealed that the Spanish La Liga giant could start development of its Bernabeu stadium as early as next summer, with naming rights up for grabs too.

Barcelona will reportedly not submit a bid to the International Olympic Committee (IOC) to host the 2022 winter Olympics.