Lazio president Claudio Lotito has managed to lower the total amount of the club’s debt to only €39.6 million.
According to a post on LazioLand’s Twitter page earlier today, the Biancocelesti currently have €39.6 million in existing debts, which is due to be paid over seven more payments.
Lotito has managed to reduce the club’s debts by €104 million since talking over in 2004 – from the dire situation left behind by Sergio Cragnotti in 2002 – when his Cirio empire collapsed.
The Italian businessman has often been accused by fans of failing to make solid investments in the squad, but it cannot be argued that Lotito has been able to slowly guide the club back to the top-level after the difficulties of the mid-2000s.
Lotito has recently reached an agreement with Biancocelesti coach Simone Inzaghi regarding a contract renewal, a key moment of the season for the Lazio president.
39.6 mil remains. That’s the total amount of the existing debt Lazio still has after Lotito took over from Cragnotti. This is scheduled over 7 more payments. 104 mil has been settled so far. #Lazio #SerieA #Lotito https://t.co/K81yF6EIVy
— LazioLand (@Lazio_Land) April 8, 2021