JAKARTA - Juventus, Napoli and nine Italian clubs can now breathe a sigh of relief. This is because the lawsuits against them have come to light.
Italy's Federal Court has acquitted 11 football clubs of a number of lawsuits following the results of a financial investigation into Italian football. According to an official statement by the Italian Football Federation (FIGC), 59 individuals were also acquitted of the charges.
A report by the Supervisory Commission for Serie A clubs (COVISOC) regarding player transfer activity was carried out and submitted to federal prosecutors last year for further investigation.
However, a federal court acquitted all those under investigation including Juventus president Andrea Agnelli, current Tottenham Hotspur managing director Fabio Paratici and Napoli boss Aurelio De Laurentiis.
"The National Federal Court chaired by Carlo Sica has acquitted all clubs, managers and administrators who were referred by the Federal Prosecutor for obtaining capital gains and rights to player services with a value on financial statements exceeding this amount still in accordance with accounting principles," the statement read. FIGC, as reported by Antara.
In a statement, the FIGC also revealed, the reasons behind this decision will be revealed in the next few days.
Capital gains through transfer deals have been discussed in Italy in recent years, due to the difficulty of establishing an exact market value for players and including them in swap deals.
According to Italian media reports, Federal Prosecutors have investigated the possibility of increased valuations to help clubs balance their books.
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