Reports in Italy are suggesting that around 60 managers, players and agents involved with 35 Serie A and B clubs are being investigated for alleged tax evasion and false invoices.
The news agency Ansa reported on Tuesday that agents were searching offices at Milan’s headquarters.
Lawyers for Milan confirmed that the club vice-president Adriano Galliani was among those under investigation. In a statement posted on the team’s website, the lawyers dismissed the allegations as unfounded and said they expected the case to be dismissed.
Italian financial authorities are looking into events which took place between 2009 and 2013 and may have involved a number of high-profile figures in the game.
The investigation reportedly goes by the name “Fuorigioco” – “Offside” in English – and is being conducted by the Naples public prosecutor, the biggest prosecutorial institution in Italy.
The allegations are that agents improperly billed the teams for transaction services rendered on behalf of players, allowing teams to declare a deduction for the services while players received an undeclared fringe benefit by having the teams cover their agents’ fees.