Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Inter in Financial Probe
Reuters, June 20th, 2007 4:15PM

MOST READ


An Italian commission has accused Inter Milan of inflating certain transfer fees between 2003 and 2005, saying the Serie A champion would have been financially insolvent before the 2005-06 season had it not made the illegal move. The commission accused Inter of failing to show "losses connected to the fictitious capital gains" which "would not have fitted the parameters asked for by Covisoc for registration in the 2005-06 championship." Covisoc is an accounting body that monitors Italian clubs' finances.

Both Inter Milan president Massimo Moratti and AC Milan vice president Adriano Galliani are being investigated for inflating transfer fees in order to obtain fictitious capital gains. Inter denied the accusations in a statement.

The irony here, of course, is the fact that 2005-06 is the year Inter was controversially awarded the Serie A title by default after both Juventus and AC Milan (which finished the season in first and second place, respectively) were found guilty of match-fixing and deducted points. This past season, however, Inter won the title completely on merit. So far, there's been no indication Inter will be subject to sporting sanctions as a result of its actions.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Reports: Messi Close to Barca Pay Raise    
According to reports in Spain, Lionel Messi is close to agreeing a contract extension with Barcelona ...
Scholes Named Man United Assistant Coach     
Paul Scholes on Wednesday was named as an assistant coach to interim Manchester United coach Ryan ...
FIFA Suspends Barca Transfer Sentence    
FIFA on Wednesday temporarily suspended the transfer ban handed to Barcelona for violating its rules regarding ...
Donovan on Moyes     
Landon Donovan on Wednesday sounded off on the news that Manchester United had fired head coach ...
Moyes Speaks Out About United Dismissal     
David Moyes on Wednesday broke his silence after being fired as head coach of Manchester United ...
Simeone: Atleti Tried to Score vs. Chelsea    
Diego Simeone said that in contrast to Chelsea, Atletico Madrid tried to score during the first ...
Mourinho Would Field Weakened Team at Anfield     
Jose Mourinho suggested that Chelsea might have given up on the Premier League title after the ...
Scolari turns criticism back onto the critics    
Brazil coach Luiz Felipe Scolari is shrugging off criticism of several players as tension and excitement ...
Qatar begins down-sizing World Cup plans    
Qatar plans to scale back plans for the World Cup it is scheduled to host in ...
German unions request leniency for late arrival during World Cup    
German union leaders want employers to show leniency towards their soccer-supporting workers by allowing them to ...
>> Section 2 Around the Net Archives