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By ESPN Staff

Capello denies tax evasion in Italy

LONDON -- England coach Fabio Capello is reportedly being investigated for tax evasion, and the new coach insists his finances are in order.

Capello said Wednesday he has no reason to fear an investigation into his finances.

"With my advisers, I have always endeavored to conduct my financial business with integrity," Capello said in a statement released through the Football Association. "I have assured the FA today that my finances are in order and that I am not aware of any matters which would be of concern."

Italian newspaper Il Giornale said Wednesday prosecutors in Turin have opened an investigation into possible undeclared earnings. The ANSA news agency said the earnings under investigation date back to some of the years Capello spent as coach at AS Roma and Juventus.

"I understand that these inquiries in Italy are part of a wider investigation into the finances of many high-profile individuals," Capello said.

Capello joined Juventus in 2004 after five seasons at Roma. He left Juventus in 2006 after the club became involved in a match-fixing scandal.

Turin prosecutors were not immediately available to confirm the reports.

Capello's lawyer, Alberto Moro Visconti, told the Italian news agency Apcom that "everything will be cleared up as soon as possible," and that "the story of under-the-table wages is completely made up."

Capello, who also coached at AC Milan and Real Madrid, was hired last month to replace Steve McClaren after England failed to qualify for this year's European Championship.