Oct
06
2007
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Milan in troubles

The Italian court targets the boss of Milan. Italian prosecutors have also issued a similar summons for Inter vice president RinaldoGhelfi and a former Inter director, Mauro Gambaro.
Milan and city rivals Inter are suspected of inflating their turnover figures for 2003-2005 to improve their balance sheets.
Milan, claimed they ahd nothing to hide and suggested that Galliani was innocent.
Our accounts are accurate,” the European champions said in a statement.
The affair centres on allegations that Inter and Milan inflated up the amount they had received from transfer fees in order to play down the true extent of their financial losses.
They are accused of operating like a cartel by exchanging reserve team players between themselves in order to wipe out part of their debts and fall back within limits imposed by the Italian Football Federation.