UPDATE 1-Soccer-Inter, Milan and Samp fined for false accounting

(Recasts after Milan, Inter, Samp fines)

ROME, June 12 (Reuters) - Serie A champions Inter Milan, seven-times European champions AC Milan and Genoa-based Sampdoria have been fined for false accounting, the Italian Soccer Federation (FIGC) said on Thursday.

Inter and Milan were hit with 90,000 euro ($138,900) penalties for financial irregularities between 2003 and 2005 that included inflating transfer fees, FIGC said in a statement on its Web site (

Sampdoria were fined 36,000 euros.

Seven of the three clubs’ directors were also punished, including Milan Vice President Adriano Galliani and Samp President Riccardo Garrone, fined 60,000 euros and 18,000 euros respectively.

Genoa, Udinese and Reggina were charged earlier on Thursday with similar offences.

Genoa president Enrico Preziosi and Udinese chief executive Franco Soldati are accused of “stipulating contracts for rights to player services with far higher values that those really attributable to those rights”.

The FIGC prosecutor said the player values were inflated to enable the two clubs to meet the financial stipulations needed to register for the 2004/2005 and 2005/2006 seasons.

Reggina president Pasquale Foti has been charged with inflating transfer fees so the southern Italian club could register for the 2005/2006 Serie A season.

Reporting by Paul Virgo, editing by Alan Baldwin