*Club domestic league appearances and goals, correct as of 18 December 2024
Amedeo Benedetti (born 25 October 1991) is an Italian footballer who plays for Serie C Group C club Trapani.
Biography
Chievo–Vicenza swap and loans
Benedetti started his career at Serie A club Chievo.
On 24 June 2010, 5 days before the closure of 2009–10 financial year of Chievo and Vicenza Calcio, Benedetti was swapped with Mattia Minesso. Both players were valued €2 million,[1] thus no cash involved. Both club also retained 50% registration rights for €1M as part of co-ownership deal.[1] Benedetti signed a 4-year contract.[2] The deal made both club had an immediately selling profit on both players, a speculative future re-sell revenue and/or speculative players performance and a heavy cost in the future as amortization.[nb 1]
Both players were loaned to Lega Pro clubs. Benedetti joined Pro Patria of the second division of Lega Pro (ex-Serie C) in July 2010.[3] Benedetti was the starting defender of Pro Patria with 27 league appearances.
Chievo return, loans
In June 2011, both players returned to their mother clubs with the same price (€1M for 50% rights), made that financial year in fact no amortization expense of €500,000 to deteriorate the situation but in the future did. That month, Chievo also swapped with other clubs as a trick to "fix" the financial situation.[nb 2]
Chievo failed to find a new buyer for Benedetti or may led to immediate negative financial impact.[nb 3] and Chievo chose to amortize the €2M in installments in the lifespan of his contract, despite it was impaired with the benefit (income or performance) generated by the player. Since 2011, Benedetti had spent 6 seasons on loan from Chievo.
^As Benedetti signed 4-year contract, he would cost Vicenza €500,000 a year to amortizate the transfer fee. On "profit" side, the deal created an intangible asset of €2M nominal accounting value (the player contract). On 30 June 2010, Chievo shareholder equity stood at €687,180, thus no need to recapitalisation (The club did re-capitalised for €250,000 in 2010–11 financial year) and fulfill the benchmark such as value of production.[1] However in the asset also included Daniele Rosania "worth" €1 million. Vicenza also had a positive net equity of €5,171,680 (based on book value of the asset, not real market value) on 30 June 2010 and without equity contribution in 2010–11 season.[2]
^Benedetti's €2M profit in 2009–10 financial year would eventually fully offset by amortization in installments. Chievo swapped with Bologna in June 2011. Chievo got Alessandro Bassoli in exchange for Cesare Rickler. After the deals, on 30 June 2011, Chievo had shareholders' equity of €679,516 and player assets of €20,156,304,[1] again no need to re-capitalization. However, Benedetti already "worth" €2 million while A.Bassoli "worth" €3 million, plus Filippo Tanaglia for €1 million. On Vicenza side, the about €5 million equity was composited with players which loaned out: Minesso (€2M), Simone Tonelli (€1.2M), Luca Righini (€675,000) and Andrea Mandorlini (€600,000), as well as flopped Denis Tonucci.
^Chievo found a buyer for flopped Nicolò Brighenti in 2011 but Chievo had to write-down €506,695 for his inflated previous accounting value in 2010–11 accounts
References
^ abcdAC Chievo-Verona s.r.l. Report and Accounts on 30 June 2011 (in Italian)
^ abVicenza Calcio Report and Accounts on 30 June 2011 (in Italian)