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 Posted by ESPN Staff
Jun 20, 2007

Inter chief refutes financial irregularities claim

Inter Milan president Massimo Moratti has shrugged off concerns the club could be forced to hand back their 2005-06 league title after they found themselves wrapped up in a financial probe.

Moratti and AC Milan vice-president Adriano Galliani are being investigated following allegations certain transfer fees were inflated between 2003 and 2005 in order to secure fictitious capital gains.

Covisoc, the group which monitors the finances of Italian football clubs, has stated Inter would not have had the required financial security to have competed in the 2005-06 Serie A season if full details had been available.

Inter inherited the 2005-06 crown following Juventus' demotion to Serie B due to last summer's match-fixing scandal and then romped to the title in the recently-completed season.

Moratti insists the club have done nothing wrong and that they will be vindicated when they provide evidence to back up their position.

'We are not worried in any way regarding the investigation on budgets,' he told the club's official website.

'It's disappointing from an image point of view but I am certain that the questions regarding this story will be answered.

'We still have to make our deposition, which will serve to finally clarify a story that I believe is slightly absurd.

'I believe there are other clubs [being investigated] but I reiterate that from our part, the under-capitalisation doesn't exist... I am used to not making any mistakes when it comes to budgets.

'It is true though, that a player's value in this market is difficult to understand. One player is worth today five, while one month later his value can rise to 12 and then perhaps he is worth nothing.'

A statement from Covisoc read: 'Financial balance would have been lost if the club had shown the losses connected to the fictitious capital gains and Inter wouldn't have met the requirements asked for by Covisoc for registration in the 2005-06 championship.'

Reports indicate the club will not face a serious sporting sanction as a result of the investigation and Moratti is adamant Inter will not be stripped of their title triumph.

He added: 'We really don't believe in any way that we have to hand back the 2005-06 scudetto because it was right that it was awarded to us.

'In any case, this move would be perceived as though we have admitted to being guilty.'

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