Tuttolomondo brothers, former owners of Palermo football club, indicted for fraudulent bankruptcy

Last Updated: October 5, 2023

Angela Lopiparo, the judge in Palermo, has indicted Salvatore and Walter Tuttolomondo (former owners of Palermo Football Club) on charges of fraudulent bankruptcy, improper tax compensation with non-existent credits, self-laundering, forgery, and obstruction of the supervisory functions of the Covisoc (the commission overseeing football clubs). The Tuttolomondo brothers had purchased the Us Città di Palermo, the old Palermo football club, from entrepreneur Maurizio Zamparini with the intention of reviving it. However, things did not go according to plan as the club was penalized by the Italian Football Federation for past sports infractions committed by Zamparini, and they were unable to participate in the promotion playoffs for Serie A. In order to still participate in the league, the Tuttolomondo brothers allegedly manipulated the situation, starting by hiding the insolvency of the club and using non-existent credits to pay off tax debts. The attempt to register for the league was rejected by the Serie B League due to the outstanding debts and unpaid wages. This decision resulted in the players becoming free agents and the club losing its only valuable asset, player contracts. Before the club was declared bankrupt, the Tuttolomondo brothers, their associates, and some professionals allegedly emptied the club’s remaining funds.