Italy sets up body to oversee professional sports clubs' finances


FILE PHOTO: A general view of Montecitorio Palace, the lower house of Parliament, on the day Mario Draghi is expected to address the Parliament after he tendered his resignation last week in the wake of a mutiny by a coalition partner, in Rome, Italy July 20, 2022. REUTERS/Remo Casilli?/File Photo

ROME (Reuters) - Italy's government on Friday agreed to set up a committee to oversee the budgets of professional clubs in sports including soccer and basketball, in order to tackle the sector's financial issues and ensure fair competition.

A draft decree seen by Reuters ahead of a cabinet meeting which approved the plan said the "independent committee" would look after "the legality and regularity" of professional clubs' finances, to ensure they are properly managed and sustainable.

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