Among the four clubs at the center of the current scandal are listed clubs Juventus and Lazio. However market reports say there are no plans to de-list Juventus.
”The scandal that has involved the world of football highlights criticism of the bourse listing of football clubs,'” said Consob president Lamberto Cardia in his annual speech.
In 1996, Italian parliament approved legislation for bourse listing of football clubs despite the reluctance of Consob, which has subsequently emphasised the risks for investors.
Cardia cited specific tax benefits and exemptions from certain accounting rules as other factors against football clubs being listed.
'The planned-for development by clubs of activities tending towards a normal organisation and reduction of dependence on uncertain sporting results has not taken place,' he said.
Any legislation to remove clubs from the bourse would have to meet the requirement for a public offer for all shares in order to protect the rights of minority shareholders, he said.
The other listed Italian club is AS Roma.
