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Inter in Financial Probe

  • Reuters, Wednesday, June 20, 2007 4:15 PM
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 whole story at Reuters »

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