The Serie A clubs have unanimously agreed upon the need to overturn the abolishment of the Growth Decree.
This act allows Italian clubs to save 50% on taxes related to the salaries of players brought from abroad.
However, the Italian government has decided to scrap the decree starting in 2024.
So according to La Gazzetta dello Sport via FcInter1908, Lega Serie A is launching one final attempt to salvage the act.
The Serie A clubs have sent a document to Italian Prime Minister Giorgia Meloni urging her to reconsider her government’s decision.
In its note, Lega Serie A detailed the major benefits of the Growth Decree from a sporting and financial standpoint. On the other hand, they warned that the abolishment would have disastrous consequences for the sport.
The document reveals that the act only applies to 50 out of 653 Serie A players.
Serie A Clubs Urge The Italian Government To Reconsider The Decision To Scrap The Growth Decree
But without the Growth Decree, the clubs argue that they won’t be capable of attracting top players from abroad from a financial aspect.
As a consequence, the level of the league will drop and the clubs will become less competitive on the European and international scenes. This would in turn cost Italian football dearly in terms of revenues and exposure.
Moreover, the document also reveals that the first 40 beneficiaries of the act (consisting 6% of total Serie A players) represent 50% of the social media following of all Serie A members.
Therefore, the Lega Serie A pleads with the government to reassess its decision, considering it as the final chance to prevent the dire consequences that would accompany the scrapping of the Growth Decree.
Inter Milan took advantage of the act to sign the likes of Marcus Thuram and Benjamin Pavard in the summer.
