Italian football clubs in false accounting probe

Italian football officials of AC Milan and Inter Milan could stand trial for allegations relating to false accounting.

The allegations have resulted from an inspection of club books by the Italian football regulator, Covisoc, which is reported to have found discrepancies in the club's accounts during 2003-2004.

In January, a judicial source told Reuters that Milan public prosecutor Carlo Nocerino was investigating whether clubs manipulated their balance sheets by inflating the prices of players they bought and sold.

A Milan prosecutor has now asked a judge to order the vice-president of Inter Milan, Rinaldo Ghelfi, and former Inter executive, Mauro Gamboro, to stand trial, and for the case against Inter president Massimo Moratti, to be dropped, The Guardian reported.

A judge has to decide whether a case may be filed against the officials.

However, in the meantime, charges against Inter's president, Massimo Moratti, have been dropped.

Both clubs have rejected claims of accounting irregularity.

Further reading:

Prosecutor wants Inter and Milan execs tried

AC Milan and Inter Milan vice-presidents could face trial for false accounting

Milan clubs in accounting scandal