Ac Milan warns  Italian football, as David Beckham law Led To Destruction

“AC Milan Issues Stern Warning About the Impending ‘Destruction of Italian Football’ Following Repeal of the Crescita Decree

A dire warning reverberates through Italian football as AC Milan’s chief expresses grave concerns over the potential ‘destruction of Italian football’ in the aftermath of Serie A losing its version of the ‘Beckham Law.

‘ The seismic shift comes in the wake of discussions with the Italian government, leading to the repeal of the Crescita Decree.

The Crescita Decree bore a striking resemblance to Spain’s ‘Beckham Law,’ a fiscal policy allowing high-earning foreign individuals to benefit from a reduced income tax rate of just 24 percent for the initial six years of their residency in the country.

The termination of this favorable tax regulation now casts a shadow over the financial landscape of Italian football, prompting ominous predictions from industry leaders.

AC Milan’s CEO, Giorgio Furlani, had previously sounded the alarm in November, conveying his apprehensions about the potential consequences. In a statement to the Sun, he asserted, “Stopping the benefits of the Crescita Decree will be the destruction of Italian football.”

This stark proclamation underscores the perceived magnitude of the impact on the financial stability and competitiveness of Italian clubs.

Adding to the chorus of concern, Lazio president Claudio Lotito voiced his apprehensions, suggesting that the ruling could lead to the “destruction” of some of the football giants in Italy.

The ripple effect of the Crescita Decree’s repeal extends beyond individual clubs, raising questions about the broader economic health of Italian football and its ability to retain top-tier talent.

As Serie A grapples with the aftermath of this pivotal regulatory change, the implications for player recruitment, financial management, and overall competitiveness in the league remain uncertain.

The stark warnings from AC Milan and other football stakeholders highlight the gravity of the situation, emphasizing the need for strategic measures to mitigate potential fallout and sustain the integrity of Italian football in the face of economic challenges.”