Press Release: Football clubs: Commission closes procedure against France concerning ban on raising capital from the public

The European Commission has closed the infringement procedure initiated against France on account of its legislation preventing football and other professional sports clubs from being listed on stock markets. This prohibition constituted an unjustified obstacle to the free movement of capital, infringing the EC Treaty (Article 56). The decision to close the case has been taken following a satisfactory amendment made to the French legislation.