Real Madrid and Barcelona are among seven Spanish clubs to be investigated by the European Commission (EC) over alleged irregular public funding, reports BBC Sport. Fellow La Liga teams Osasuna, Athletic Bilbao, Valencia, Elche and second-tier Hercules are under investigation.

Sporting clubs Real Madrid, Barcelona, Athletic Bilbao and Osasuna are accused of a corporate tax advantage of 5%.

Real are alleged to have sold training ground land to the City of Madrid at an over-inflated price of 22.7m euros.

 For breaking stories and all the great banter like us on Facebook: