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 Posted by ESPN Staff
Jun 12, 2008

Serie A clubs charged with false accounting

ROME, June 12 (Reuters) - Serie A clubs Genoa, Udinese and Reggina have been charged with falsifying accounts so they could meet financial requirements to register for past championships, the Italian Soccer Federation (FIGC) said on Thursday.

The chief executives of all three clubs have also been charged along with three senior directors, FIGC said on its website.

Genoa president Enrico Preziosi and Udinese chief executive Franco Soldati are accused of "stipulating contracts for rights to player services with far higher values that those really attributable to those rights".

The FIGC prosecutor said the player values were inflated to enable the two clubs to meet the financial stipulations needed to register for the 2004/2005 and 2005/2006 seasons.

Reggina president Pasquale Foti has been charged with inflating transfer fees so the southern Italian outfit could register for the 2005/2006 Serie A season.

Serie A champions Inter Milan and seven-times European champions AC Milan were charged over a similar case in February even though criminal charges against them have been dropped.

A decision on the Inter and Milan cases is expected shortly from an FIGC tribunal.

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