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Lisbon Treaty debt proposals could impact on Scottish football clubs
The Lisbon Treaty could impact on Scottish football clubs following the recent meeting of EU ministers for sport in Madrid, acording to litigation lawyer Simon Catto, of HBJ Gateley Wareing.
Under the 300-page EU rulebook, which came into force in December last year, the European Commission gains a greater say in the area of sport.
And the commissioner responsible, Androulla Vassiliou, has now stated that she felt the institution's role should be to "add value to member-state actions."
The commissioner plans to publish a communication outlining a new EU framework for co-operation in sport later this year, and one area she has said where the Commission could have influence was in trying to reduce the currently high levels of debt witnessed in some European football clubs, especially in the UK and Spain.
In Scotland, Rangers FC has debts of £31 million and Scottish football overall has debts of over £100 million.
Mr Catto said: “These are challenging times for many football clubs, and concerns are being raised by some bodies over the role of UEFA and potential interference by the European Commission on the debt levels experienced by many football clubs.”