Tottenham Hotspur managing director Fabio Paratici among 59 individuals and 11 clubs CLEARED after accounting investigation by Italy’s Federal Court
- Tottenham managing director Fabio Paratici been cleared after investigation
- 11 clubs including Juventus and Napoli have been cleared, as have 59 individuals
- The decision was made after an accounting investigation involving capital gains
All 11 football clubs, including Juventus and Napoli, and 59 individuals have been cleared by Italy’s Federal Court following an accounting investigation involving capital gains, the Italian Football Federation (FIGC) said on Friday.
A report by the Supervisory Commission for Serie A clubs (COVISOC) into player trading activity was carried out and submitted to the Federal Prosecutor last year, with an investigation then launched.
However, the Federal Court cleared all those under investigation, including Juve president Andrea Agnelli, current Tottenham Hotspur managing director Fabio Paratici and Napoli chief Aurelio De Laurentiis.
Tottenham managing director Fabio Paratici has been cleared after an accounting investigation
‘The National Federal Court chaired by Carlo Sica has acquitted all the companies, managers and administrators of the clubs that had been referred by the Federal Prosecutor for having accounted for capital gains and rights to the services of players for values in the financial reports exceeding those permitted by accounting principles,’ the FIGC statement read.
‘The reasons will be disclosed in the next few days.’
Napoli chief Aurelio De Laurentiis is another of the 59 individuals that have been cleared
Juventus executive chairman Andrea Agnelli was also cleared after the investigation
Capital gains through exchange deals have been discussed in Italy in recent years, due to the difficulty of establishing a precise market value for players who are included in swap deals.
According to Italian media reports, the Federal Prosecutor had been investigating the possibility of inflated valuations to help clubs balance their books.