login
login

Europe Daily Bulletin No. 9053

21 October 2005
Contents Publication in full By article 20 / 36
GENERAL NEWS / (eu) eu/internal market
Commission closes case against Italy on accounting rules for professional sports clubs

Brussels, 20/10/2005 (Agence Europe) - The European Commission has decided to close the infringement procedure against Italy regarding its “Salva-Calcio” law on financial reporting by professional sports clubs. In February 2003, Italy adopted the “Salva-Calcio” Act allowing some professional sports clubs to write off a number of athletes' contracts over a longer period than their useful economic life, i.e. longer that the term of the contract. The Commission considered that financial...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS