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Three Serie A clubs fined for false accounting
June 18, 2008 / 8:12 PM / in 9 years

Three Serie A clubs fined for false accounting

ROME (Reuters) - Serie A clubs Genoa, Udinese and Reggina have each been fined 400,000 euros (317,300 pounds) for false accounting, the Italian Football Federation (FIGC) said on Wednesday.

<p>Udinese's and Reggina's players are seen in action during their Italian Serie A match at the Friuli stadium in Udine December 3, 2006. REUTERS/Daniel Raunig</p>

Genoa and Udinese were accused of inflating player values to meet the financial stipulations needed to register for the 2004/2005 and 2005/2006 seasons.

Reggina allegedly inflated transfer fees so the southern Italian outfit could register for the 2005/2006 Serie A season.

The chairmen of the three clubs were also fined and handed bans ranging from one to four months, FIGC said on its Web site (www.figc.it).

Serie A champions Inter Milan and seven-times European champions AC Milan were given 90,000-euro penalties and Genoa-based side Sampdoria were fined 36,000 euros for similar offences last week.

Reporting Paul Virgo, editing by Justin Palmer

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