Football-Juventus among those acquitted in an Italian accounting investigation
April 15 (Reuters) – The 11 football clubs, including Juventus and Napoli, and 59 people have been cleared by the Italian Federal Court following an accounting investigation into capital gains, the Italian Football Federation (FIGC) announced on Friday.
A report by the Serie A Clubs Monitoring Commission (COVISOC) on player swapping activity was completed and submitted to the federal prosecutor last year and an investigation was opened.
However, the Federal Court cleared everyone under investigation, including Juve president Andrea Agnelli, current Tottenham Hotspur chief executive Fabio Paratici and Napoli chief Aurelio De Laurentiis.
“The National Federal Court presided over by Carlo Sica acquitted all the companies, managers and administrators of the clubs that had been referred by the federal prosecutor for accounting for capital gains and rights to player services for values in the reports financial resources exceeding those permitted by accounting principles,” reads the FIGC press release.
“The reasons will be revealed in the coming days.”
Capital gains through swap deals have been discussed in Italy in recent years, due to the difficulty of establishing an accurate market value for players included in swap deals.
According to Italian media, the federal prosecutor had investigated the possibility of inflated valuations to help clubs balance their books.
(Reporting by Peter Hall editing by Toby Davis)
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