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AC Milan - Milanfan.com > AC Milan > News > Archive 06/07
Warchant
QUOTE
MILAN, June 20 (Reuters) - Inter Milan would not have been able to compete in the 2005/06 Italian championship if important financial information had come to light, a commission said on Wednesday.

Inter Milan president Massimo Moratti and AC Milan vice-president Adriano Galliani are being investigated after accusations that some transfer fees were inflated between 2003 and 2005 in order to obtain fictitious capital gains.

Covisoc, the body which monitors Italian soccer club finances, said Inter would not have had the necessary financial security to have been allowed in the 2005/06 championship if full figures had been available.

'Financial balance would have been lost if the club had shown the losses connected to the fictitious capital gains and Inter would not have fitted the parameters asked for by Covisoc for registration in the 2005-06 championship,' the commission said in a statement.

However, Inter later denied the accusations.

'FC Internationale wish to make clear that they have never included fictitious capital gains in their own budgets and that they have already presented the necessary and complete technical documentation,' the club said in a statement.

Inter were awarded the 2005/06 Serie A title after original winners Juventus were stripped on the championship and demoted for their role in Italy's match-fixing scandal.

Roberto Mancini's side won last season's title on the pitch rather than a court room and so far there is no suggestion from official bodies that the club will face a serious sporting sanction as a result of the transfer probe.


it's not "milan" news...but it's the best news i've heard all week
Tennie
Hee. Isn't it great? I posted a synopsis of the Gazzetta article on the Serie A thread a while ago.

Wonder if relegation is even a remote possibility....
misha
Moratti has enough ties to walk out of this with minimum harm
dst
It seems like Milan is involved in this too! I hope the club won't pay for this...
Portman
Nothing will happen...
Rossoneri7
QUOTE (Porty @ Jun 20 2007, 09:49 PM)
Nothing will happen...
*


Yup .. king.gif
Nova
Could Inter be demoted? Wednesday 20 June, 2007

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Lawyers warn that Inter could be demoted to Serie B if the financial scandal is proved in the sporting courts!

The club has been named as part of an investigation into creative accounting in Serie A and a member of the Covisoc – the association that performs financial checks on Italian clubs – accused them of fiddling their 2005-06 accounts with artificially inflated player values, known as plusvalenze.


At first it seemed as if this would only result in a fine for the Nerazzurri, but specialist lawyer Mattia Grassani has a very different view.


“Financial fraud is a very serious crime, second only in the sporting justice system to sporting fraud,” he noted.


“The sanctions for directors go from a simple fine to up to five year suspensions with the possibility of a lifetime ban.


“For clubs the punishment can be either a fine, points penalties or even demotion. In the rules there is also the possibility of stripping the Scudetto, but that is up to the Federation President to decide.”


After Juventus were relegated to Serie B for their part in the Calciopoli scandal with Milan, Fiorentina, Lazio and Reggina all given points penalties, will the justice system be equally as harsh on Inter?


“First of all we must ascertain whether Inter or indeed any other side has falsified financial documents, thanks to which they entered a competition that they would otherwise not have been qualified for,” explained former Investigative team member Mario Stagliano.


“In that case, we could begin inflicting the penalties set down by the rules.”


Although Inter are the newest additions to this investigation, Milan, Reggina and Sampdoria have already been named as part of the inquest


channel 4



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Imagine that happening !!! biggrin.gif biggrin.gif
kurtsimonw
I don't even know what it means by 'artificially inflated player values', or how it could effect their accounts. huh.gif
Tennie
The Italian used to describe the whole thing is difficult for me to decipher but I think it's something like this:

Lega Calcio rules state that a club must have assets and/or disposable income (cash + stocks) at a certain ratio, ie, they've got to be solvent to register to play in Serie A.

What I /think/ Inter did was to cook the books by overstating the value of players. For example, player Joebob is listed on the Inter balance sheets as an asset, having a value of 10 million euros. Thing is, his actual value is something more like 1 million euros. By overstating the value of Joebob, Inter makes it look like they've got more assets than they actually have. And that breaks the rules. It's especially bad if the actual value of Inter's balance sheet takes them below the acceptable threshold, which seems to be the case.
kurtsimonw
QUOTE (Tennie @ Jun 20 2007, 11:04 PM)
The Italian used to describe the whole thing is difficult for me to decipher but I think it's something like this:

Lega Calcio rules state that a club must have assets and/or disposable income (cash + stocks) at a certain ratio, ie, they've got to be solvent to register to play in Serie A.

What I /think/ Inter did was to cook the books by overstating the value of players. For example, player Joebob is listed on the Inter balance sheets as an asset, having a value of 10 million euros. Thing is, his actual value is something more like 1 million euros. By overstating the value of Joebob, Inter makes it look like they've got more assets than they actually have. And that breaks the rules. It's especially bad if the actual value of Inter's balance sheet takes them below the acceptable threshold, which seems to be the case.
*

Ah alright, thanks for clearing it up for me, Tennie.

I don't believe anything can be done about this, it's very difficult. Especially when it's all opinionated and estimates. I'm pretty sure everybody on here could estimate the value of the Inter squad and we would come up with outrageously different amounts.

The second reason with this is: Why have Inter got away with this all season? Things like this should be checked out, and cleared, before the season starts. If they don't check out these things when needed it's their own fault as much as Inter's, and they shouldn't punish them for their own incompitence, regardless of the fact that Inter may have been caught of wrong doing.

Anyways, my rant's over. tongue.gif
Tennie
I think Inter got caught because the stated value of the player was much inflated from what they actually paid for him. (I think. Again, my understanding of the Italian used to describe this is iffy at best). So if an auditor looks at, say, Inter's books and sees Joebob listed at 10 million, whereas Inter only paid 1 million, that's where the problem is.

And it's my understanding that an investigation has been going on for some months; it's just that the findings came out today.

This is just not Moratti's week.
kurtsimonw
QUOTE (Tennie @ Jun 21 2007, 12:12 AM)
I think Inter got caught because the stated value of the player was much inflated from what they actually paid for him. (I think. Again, my understanding of the Italian used to describe this is iffy at best). So if an auditor looks at, say, Inter's books and sees Joebob listed at 10 million, whereas Inter only paid 1 million, that's where the problem is.
And it's my understanding that an investigation has been going on for some months; it's just that the findings came out today.

This is just not Moratti's week.
*

That's about cleared it up for me, cheers.
KillerMax
It's not easy at all for me and I'm sure many others, to see Milan in there. Brings back some very dark memories.
Rossoneri7
Please please please !!!!

Inter in Serie B .. This is what will make my summer !!! I don't want anymore transfers, I just want Inter in Serie B .. OMG .. It would be the best season ever !! Moratti selling all his players laugh.gif laugh.gif laugh.gif

Viera, Ibra, Crespo, Adriano, Cambiasso, Samuel, Matrix laugh.gif , Cesar, Toldo, Grosso, **** the whole team except Zanetti laugh.gif laugh.gif They all will be gone tongue.gif tongue.gif

wow .. what a trip biggrin.gif
Jack Sparrow
QUOTE
For example, player Joebob is listed on the Inter balance sheets as an asset, having a value of 10 million euros. Thing is, his actual value is something more like 1 million euros.


He doesn't sound Argentine. Are u sure he's an Inter player??

Well if Inter do drop, then I agree with R7, we wouldn't need any more transfers to challenge for the Scudetto. And all we'd need to do was land Viera. Give Porty something to diss the team about. Maybe get Grosso too, for all the Aussies in here. laugh.gif

Don't forget Inter players seem to love the change in atmosphere in Milan.
fresh_prince7
Damn you jack! Grosso... pfffffft. tongue.gif

I agree with max, don't like seeing milan listed in there, those were dark days.

Would be hilarious though if inter did get demoted, especiallyafter the rants they made about being the only clean team and so fourth. Moratti you f*cken idiot.
kurtsimonw
QUOTE (fresh_prince7 @ Jun 21 2007, 05:01 AM)
Damn you jack! Grosso... pfffffft. tongue.gif
*

Come on, you can't have everything.

You didn't win the World Cup, but you have the hottest chicks on the planet over there, whatcha complaining about!?
fresh_prince7
Haha.. touche kurt touche.
Jack Sparrow
Besides Kidman and Watts and Minogue...who have they got?
Tennie
Hahaha. Forza Don Fabio! king.gif

[Fabio Capello commented on the investigation into Inter's finances and the doubts about their ability to have participated in Serie A in 2005-2006. On the possibility that Inter may have the 2005-2006 scudetto stripped, Capello said 'It'd be beautiful, especially after all the comments I heard in Spain about the 'scudetto of honesty and correctness'...enough of that.']

Fabio Capello commenta la notizia dell'Inter, coinvolta con il Milan nell'inchiesta sulle plusvalenze, e i dubbi sulla sua partecipazione al campionato 2005-2006, quello vinto dopo le sentenze di Calciopoli. L'Inter potrebbe rischiare sanzioni e la perdita del titolo, ottenuto nella nuova classifica davanti alla Roma. "Sarebbe troppo bello, soprattutto per i commenti che mi arrivavano in Spagna sugli scudetti dell'onestà, della correttezza... basta così", ha detto Capello.

link
Portman
Capello. king.gif king.gif king.gif
Jack Sparrow
He also blasted Sacchi after that. We seemed to have neglected to mention it.
Rossoneri7
QUOTE (Jack Sparrow @ Jun 21 2007, 08:55 PM)
He also blasted Sacchi after that. We seemed to have neglected to mention it.
*


biggrin.gif ... Shhhh keep it wewy wewy kwaayeet wink.gif
Zed.D
Let's hope the accusation is true. It'd be fun to see the 'innocent Merda' in Serie B!
Warchant
QUOTE
This is probably one of the worst weeks ever since Massimo Moratti took over Inter. After losing David Suazo to rivals Milan, risking of receiving heavy fines for obtaining the player's signature without the club's permission and apparently also losing out in the Cristian Chivu race, the Nerazzurri have a new problem to face: the financial authorities.

Clubs in Italy must pass the Covisoc check before the start of the new season to prove their financial health, otherwise they would not be allowed to play in their respective league.

According to the latest reports coming from Italy, the financial authorities are accusing Inter of fiddling with their books to be able to register the Nerazzurri in the 2005-06 season - the one they were awarded the Scudetto following the Calciopoli scandal.

If proven to be true, this would be a real blow for Inter's image after repeatedly claiming that this was the 'Scudetto of honesty'.

Inter are accused of inflating the players' values, also known as 'plusvalenze', and according to a specialist lawyer, Mattia Grassani, this is a very serious accusation which could even lead to the demotion of Inter to Serie B football.

"Financial fraud is a very serious crime, only second in the sports justice to the sporting fraud.

"In this case the sanctions for the directors can either be a simple fine up to 5 years suspensions with a proposal of radiation, whereas for the clubs can receive a fine up till demotion. In the code there's also the revocation of the Scudetto, but it's up to the Federal President to decide if there are the extremes."

Apart from Inter, also Milan, Reggina and Sampdoria are involved in the investigations with new developments expected in the coming days.

As soon as the news came out, an obviously pleased Luciano Moggi commented:

"Sooner or later, things come up to the surface," declared the former Juve director.


does this mean 5 years in Serie B? that would be hilarious! let's get crespo back in the red & black, ha ha
Zed.D
But... what about Milan? I don't want another Milan-involved Calciopoli...
dst
Oh, so Inter are... not.. clean!?? I'm speechless... ohmy.gif
Portman
QUOTE (dst @ Jun 21 2007, 11:31 PM)
Oh, so Inter are... not.. clean!?? I'm speechless...  ohmy.gif
*



"CLEAN AND HONEST CLUB!"

laugh.gif laugh.gif laugh.gif
whoarethepatriots
Capello said something like, take the title from Inter and give it to Roma, then made another sly dig at Inter (cant remember sorry)
Portman
QUOTE (whoarethepatriots @ Jun 21 2007, 11:44 PM)
Capello said something like, take the title from Inter and give it to Roma, then made another sly dig at Inter (cant remember sorry)
*


QUOTE
Capello Lashes Out At Inter And Sacchi 

http://www.goal.com/en/articolo.aspx?contenutoid=333695

A totally energized Fabio Capello sent out two esplosive blasts in a recent interview he held with Sky Italia.

The first of his two salvos was fired at Serie A champions Inter, who are currently under investigation for a series of financial irregulariteries, allegedly committed ahead of the 2005/2006 season.

The Nerazzurri could possibly be denied a title, or even demoted to Serie B if found guilty, the FIGC have confirmed, and Capello's reaction has been quick.

"It would be great if that Scudetto was taken away from them, especially because of the comments I have had to hear on their ‘Scudetto of honesty’," he said. "I have had enough of this.

Capello’s angry feelings towards Inter are clearly born out of the Calciopoli Scandal that saw last year’s Scudetto stripped away from ‘his’ Juventus.

Don Fabio's second shot was at his anti-thesis, Arrigo Sacchi, who in a recent interview criticized Capello's brand of football, and stated that he usually won when the leagues were ‘mediocre’.

“It’s a compliment, especially from someone that failed twice in Spain," rapped Capello.

"He first went to Atletico, and was sent home, and the same happened a few years later here at Real. I think that he suffered two heavy punches, and still hasn’t recovered from the shock."

Winning the La Liga title after being denied his Scudetti and then being criticized all year at Madrid, certainly seems to have got him going!
han2503
Has anybody heard why we're involved in this?
KillerMax
QUOTE (han2503 @ Jun 22 2007, 01:22 AM)
Has anybody heard why we're involved in this?
*


Same reason. Accusation of false accounting.
han2503
QUOTE (pKillerMax @ Jun 22 2007, 07:35 AM)
Same reason. Accusation of false accounting.
*

It can't be the exact same thing since we are just a mere mention in the press and Inter's coverage is full blown.

I hope Galliani hasn't dragged us in another mess after last summer
Warchant
QUOTE (han2503 @ Jun 22 2007, 08:46 AM)
It can't be the exact same thing since we are just a mere mention in the press and Inter's coverage is full blown.

I hope Galliani hasn't dragged us in another mess after last summer
*


i agree...A LOT of focus has been put on Inter...not very much on us
Tennie
My guess is that, while Milan are suspected of fiddling the books, it isn't to anywhere near the same degree Inter is -- and even if true, it wouldn't have landed Milan in the 'unable to compete in Serie A' pool that Inter apparently should've been in.
Warchant
QUOTE (han2503 @ Jun 22 2007, 08:46 AM)
It can't be the exact same thing since we are just a mere mention in the press and Inter's coverage is full blown.

I hope Galliani hasn't dragged us in another mess after last summer
*


i agree...A LOT of focus has been put on Inter...not very much on us
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