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State Aid

PR(09)64: No aid granted in connection with the sale of properties in Time-Bryne FK

23.7.2009

Today, the Authority has closed its investigation regarding the sale of various properties by the Municipality of Time in Norway. The Authority concluded that no aid was involved in any of the transactions.

Firstly, the Authority has investigated the sale of land at the Bryne Stadion to Bryne FK and concluded that it did not entail state aid. Although the transfer of land from the municipality to the club entailed an economic advantage, the Authority considers that the advantage was granted to the club in its capacity as a non-economic entity providing recreational football activities in the local community, primarily to children and young people. The professional part of the club which at the time of the transfer played in the Norwegian premier league did not benefit from this advantage as it was paying for the use of the stadium on the basis of the arms-length principle. The separation with regard to organisation and accounts in place at the time of the transfer therefore entails that there were no spill overs from the advantage given to the non economic activities to the commercial activities carried out in connection with the professional football club.

Furthermore, the Authority has looked into the sale of three properties to Grunnsteinen AS in exchange for the construction of parking spaces which were re-transferred to the Municipality. Since an independent value assessment established that the price of the parking spaces was higher than the value of the land, the Authority concluded that no aid was involved in the sale.

Finally, another plot of land was sold by the municipality to Bryne Industripark AS for a price which was considered to correspond to the market value of the land in accordance with the assessment carried out by independent experts.

For further information, please contact:

Mr. Per Andreas Bjørgan
Director, Competition and State Aid Directorate
Tel. (+32)(0)2 286 18 36

Brussels, 23 July 2009





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