Italian football clubs face tax evasion scope

Naples prosecutors have announced a sweeping investigation into allegations of falsifying player transactions to avoid as much as €12million (£9 million) in taxes involving as many as 35 Serie A and Serie B teams.

Italian financial police are executing search warrants against about 60 suspects working in professional football, including team managers, players and agents.

They are also exercising seizures of cash, property and financial holdings equal to the amount of tax allegedly evaded.

Agents are searching offices at AC Milan’s headquarters, news agency ANSA reported.