AFPMILAN (AFP-Jiji) — Serie A club Chievo has been deducted three points and fined €200,000 ($232,000) for false accounting, the Italian Football Association (FIGC) announced on Thursday.
The FIGC’s sports tribunal found Chievo guilty of adding around €27 million ($31 million) to the real transfer fees of promising young players from Italian lower-league club Cesena between 2015 and 2018.
Club president Luca Campedelli has been banned for three months with four advisers also suspended for six weeks.
The Verona club had been accused of using their player dealings with Cesena to create a false profit for both clubs and allow them to satisfy the conditions for registering in their respective divisions. Chievo played in Serie A in all the seasons involved.
The penalty falls short of the 15-point deduction requested by prosecutors, and 36-month suspension against Campedelli.
The FIGC said in a statement that the disciplinary tribunal “accepted the referral of the prosecutor, sanctioning Chievo Verona with a three point deduction in the table, to be taken in the current season, and a fine of €200,000.
It also “sanctioned the president of the club, Luca Campedelli, with a three-month ban, as well as a one-month, 15-day ban for advisers Piero Campedelli, Giuseppe Campedelli, Michele Cordioli and Antonio Cordioli.”
“The tribunal has decided that it should not proceed with the case against Cesena due to the revocation of their affiliation, sanctioning company directors Guido Aldini and Samuele Mariotti to one month 15 days.”
Chievo, known as “The Flying Donkeys,” finished 13th in the 20-team Serie A last season.
City rolls in record revenues
LONDON (AFP-Jiji) — English champions Manchester City posted record revenues of £500.5 million ($652 million) in a record-breaking 2017-18 campaign on the pitch as Pep Guardiola’s men romped to the Premier League title amassing 100 points.
City reported profits of £10.4 million, a fourth consecutive year of profitability, with wages to revenue ratio falling to 52 percent.
“Our journey is not complete and we have more targets to fulfil,” said chairman Khaldoon Al Mubarak, who recently celebrated a decade since an Abu Dhabi-backed takeover of the club transformed City’s fortunes.
“There should be no doubt that we are looking forward to the challenges of the new season and those beyond it with equal commitment and determination to the 10 seasons that came before.”
Before Sheikh Mansour’s takeover, City’s revenue was a mere £87 million for the 2007-08 season.