The disputed benefits that Real Madrid would have enjoyed
In November 1996, Real Madrid concluded an agreement with the Autonomous Community of Madrid to proceed with the exchange of land, with a view to develop the area around its stadium. Thus, the club agreed to transfer to the municipality of Madrid ownership of a plot located in the area called “Ciudad Deportiva”, in exchange for which the municipality of Madrid undertook to give the club several parcels to be determined later. This initial agreement was supplemented in May 1998 by a new agreement stipulating that the municipality must provide Real Madrid with a number of lands, including parcel B-32, called “Las Tablas”, with a value then estimated at EUR 595,194 according to an internal evaluation of the Madrilenian administration....
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