Lazio and their president, Claudio Lotito, have categorically rebuffed circulating rumors regarding a potential takeover from an Arab fund.
The Background
The patron’s popularity among the fanbase may have sunk to an all-time low, especially following the debacle that resulted in a transfer ban at the start of the summer, as well as the disappointing outcome of the previous campaign. The Biancocelesti’s ultras have been urging the 68-year-old to sell his majority shares for years, and their protests have only gone louder in recent months.
Lazio Deny Sale Talks
Nevertheless, Lotito and his crew aren’t planning to go anywhere. In fact, he swiftly shut down an online story that claimed he’s in talks with Qatari investors interested in buying the club. Lazio denied this rumor through an official statement published on the club’s official website.
Concerning the reports that have appeared in recent hours on several social media channels and online publications regarding alleged negotiations with foreign funds for the acquisition of shares in SS Lazio SpA, the following is clarified: This information is completely false, completely unfounded, and designed solely to undermine the club, its fans, and its stock.
No offer, expression of interest, or formal or informal proposal has ever been received from Qatari funds or any other entity, either in Italy or abroad. SS Lazio and its majority shareholder warn anyone against spreading, relaunching, or endorsing fabricated news that could damage the club’s reputation and its stock market performance.
Claudio Lotito Threatens to Take Legal Action
Lotito and the club also revealed that they plan to take legal action against the source of this rumor, at least if they manage to find out his identity.
Reports are being submitted to the relevant financial authorities (CONSOB and Borsa Italiana) and judicial authorities to identify the source and responsibility for this conduct, which potentially undermines market transparency and the image of SS Lazio.
SS Lazio will continue to operate with its usual integrity, solidity, and transparency, pursuing its sporting and corporate objectives in full compliance with current regulations and its shareholders. There is no need for restructuring, but rather a path of growth and development aimed at facing future challenges with strength and vision.
Lazio’s Delicate Situation
Lazio have been under increased scrutiny as of late, as their financial accounts failed to meet the requirements set by COVISOC, which culminated in the infamous transfer ban. Therefore, the club is determined to take all the necessary steps to come out clean and prevent additional gaffes.
Hope this is true and his only debunking the rumours so stock prises don’t drop. Coz that would be the best news this year apart from ma x marrying a certified cheat
I hope sb capable of spending can take over the club from this penny pinching old man.
What a dream if this is true, I’ve been saying this dream for the past few years now wishing a rich Arab organisation buy Lazio & pump some much needed funds into the club. Lotito is only there to make money & I have largely accepted for a long time that supporting Lazio is to support a mediocre team at best & one that take 5 years or more to win anything. I’m close to retiring as a fan, tired of Lotito’s breaking promises.
He did save Lazio from bankruptcy, but. Enough of his nonsense, and his belly seems to blow off anytime soon.