Italian FA opens investigation into dozens of suspicious transfers
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Association
Italian FA opens investigation into dozens of suspicious transfers
by Jonathan Rest

Italy's Federal Prosecutor has opened an investigation into 62 transfer deals involving Italian clubs between 2019 and 2021.

Covisoc is extremely critical of the process of documenting large profits from player exchanges when little or no money has actually moved between clubs.
La Repubblica

Covisoc, the Italian football watchdog, passed on its findings into suspicious transfer activity to Giuseppe Chine, prosecutor at the FIGC, the Italian FA, and he will now investigate the capital gains of the 62 transfers.

 

The recording of capital gains from player swaps is a legitimate accounting practice.

 

According to Italian newspaper La Repubblica, which has seen the report, Covisoc is extremely critical of the process of documenting large profits from player exchanges when little or no money has actually moved between clubs.

 

The challenge, however, is how to determine if the value of an exchange is adequate, and it now rests with Chine as to whether the FIGC probe further and act on the watchdog’s report.

 

The report cites the €8m swap deal between Juventus and Marseille for Franco Tongya and Marley Aké in January 2021. Tongya is now playing for Marseille’s reserve team in the French fourth-tier, while Aké is in Serie C with the Juventus U23s.

 

Also flagged by Covisoc is the quartet of Napoli players that joined Lille for a combined €20m in 2019-20 to partially offset the €70m outlay from the Italian club on Nigerian striker Victor Osimhen from the French team. Just one of those four players is still at Lille (and has never played for the first team), while three are back in Italy, in either Serie C or Serie D.

 

Juventus have 42 transfers on the list, with 21 of those players exchanged for a total of €90m, but the money that actually changed hands was just over €3m, according to Covisoc’s findings.

 

The watchdog acted after Consob, which regulates Italy’s Stock Exchange, in September opened an investigation into Juventus for the same issue.

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