England Manager Fabio Capello today responded to newspaper reports from Italy with the following statement:
"With my advisors, I have always endeavoured to conduct my financial business with integrity.
"I have assured The FA today that my finances are in order and that I am not aware of any matters which would be of concern.
"I understand that these inquiries in Italy are part of a wider investigation into the finances of many high-profile individuals."
Pier Filippo Capello, his son and agent, said: "This is not an investigation. It is merely to ascertain some facts. We know about it, but it is merely an offshoot of the Calciopoli, football bribery, investigation."
An FA spokesman, added: “It is our understanding that the Italian tax authorities are currently following a procedure of looking into the finances of numerous high profile individuals – particularly in sport.
“We have spoken to Fabio and his advisors about today’s newspaper report in Italy and they have explained the facts. They have also given us their assurance that Fabio’s tax payments are in order.
“The FA has no further comment to make on this subject.”