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Image header Agence Europe
Europe Daily Bulletin No. 9053
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...

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