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Thread: Inter, Milan fined over accounting

  1. #1

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    Inter, Milan fined over accounting

    13 June 2008

    Serie A champions Inter Milan, seven-times European champions AC Milan and Genoa-based Sampdoria have been fined for false accounting, the Italian Football Federation (FIGC) said.


    Inter and Milan were hit with 90,000 euro ($A148,199) penalties for financial irregularities between 2003 and 2005 that included inflating transfer fees, FIGC said in a statement on its website (www.figc.it).

    Sampdoria were fined 36,000 ($A59,280).

    Seven of the three clubs' directors were also punished, including Milan vice-president Adriano Galliani and Samp president Riccardo Garrone, fined 60,000 euros ($A98,799) and 18,000 euros ($A29,644) respectively.

    Genoa, Udinese and Reggina were charged earlier in the day with similar offences.

    Genoa president Enrico Preziosi and Udinese chief executive Franco Soldati are accused of 'stipulating contracts for rights to player services with far higher values that those really attributable to those rights'.

    The FIGC prosecutor said the player values were inflated to enable the two clubs to meet the financial stipulations needed to register for the 2004/2005 and 2005/2006 seasons.

    Reggina president Pasquale Foti has been charged with inflating transfer fees so the southern Italian club could register for the 2005/2006 Serie A season.

    http://theworldgame.sbs.com.au/italy...ounting-120788

  2. #2
    Suneet's Avatar
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    Inflating transfer fees? Can anyone explain?


    Everything a man should be. We miss you Cipe.




  3. #3
    Ilkinio's Avatar
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    Quote Originally Posted by Suneet View Post
    Inflating transfer fees? Can anyone explain?
    Showing little number as transfer fee to avoid big taxes.
    Interista... In victory and defeat...

  4. #4
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    NOT Il Capitano

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    Little or higher than the actual numbers?
    IO SONO INTERISTA

  5. #5
    Stefan's Avatar
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    Comes down to evaluation. Inter and Milan valued players they exchanged at fees which the FIGC thought was too high.
    Forza Inter per sempre!!!!
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  6. #6
    Handoyo's Avatar
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    Meh, fucking whatever.

    90,000 Euros is peanuts for a club of our stature. Seriously, I really don't get what the fuck is the point of giving 4-5 digits fine to these giant football clubs.

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    Interista... In victory and defeat...

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