Sports economics expert Marco Bellinazzo explained Lazio’s economic situation following the conclusion of the summer transfer window.
Speaking in an interview with Italian journalist Gianluca Di Marzio on Friday, Bellinazzo first began the explain the Biancocelesti’s initial difficulties with the liquidity ratio, which slowed their summer transfer moves.
The liquidity index is one of the 3 indices used by the FIGC to enable club registrations and operations.
In particular, this index says that the club has the cash available to meet all commitments and debts within 12 months.
It gives the certainty, in short, that that team will not go bankrupt within the next 12 months, or at least that it will not go into financial difficulty.
The Italian journalist detailed how the liquidity ratio works and how Lazio president Claudio Lotito resolved the situation.
There is a precise parameter, given by the ratio between economic availability and debts.
When the team is in a situation where this parameter is not respected in order to operate on the market and therefore take on other financial commitments, the owners are asked to inject capital, so as to demonstrate that they have sufficient resources to deal with any debt.
This is the meaning of the operation carried out by Lotito, the difference in level was small, we are talking about €10 million or so.
Once the liquidity index was re-established, Lazio could then operate in the market.
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Bellinazzo compared Lazio’s situation with that of intercity rivals Roma, who also had to intervene in order to unblock the market.
The dynamic is the same as in Friedkin’s operation.
However, Lazio, unlike Roma, has always had a very strong balance between income and expenditure, in recent years they are one of the teams that has most often closed the budget in profit.
They only had a problem related to the pandemic, they are transient financial difficulties.
Finally, Bellinazzo discussed the situation for the Giallorossi and why it was much more serious.
For Roma, on the other hand, there is a deeper problem of imbalance between income and expenditure that is leading to an increase in debt, but this was inherited from the previous management, from the Pallotta era.
Roma’s situation was much more serious than Lazio’s, who simply had to comply with this index.
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Despite Lazio’s issues with the liquidity ratio this summer, the Roman club still managed to secure a variety of transfer targets, starting with low-cost options like Felipe Anderson and Elseid Hysaj.
Other targets arrived as well as the window developed, like Pedro, Mattia Zaccagni, and Toma Basic.
The only real transfer target that Lazio missed out on was Eintracht Frankfurt winger Filip Kostic.
