Gian Piero Ventura's side failed to qualify for the finals of the competition for the first time in 60 years, and an economic disaster is to follow
Former CONI president Franco Carraro has revealed just how much Italy's disastrous World Cup qualifying campaign is set to cost the nation's economy, estimating a hit of around €1 billion.
Gian Piero Ventura's side were beaten by Sweden in Stockholm on Friday November 10, leaving their place in next year's finals in doubt ahead of the second leg.
A 0-0 followed at packed San Siro on Monday evening, meaning Italy had failed to qualify for the first time in 1958.