valdanito_10
02-25-2003, 01:44 PM
2/22/03
16:46 The new law to help ease the financial crisis in Italian football has already helped balance the books for Lazio and Roma.
The two clubs were hit by cash flow problems this season and the Biancocelesti were forced to sell top stars Alessandro Nesta (pictured) and Hernan Crespo to avoid complete collapse.
However, the new law – passed by the Senate this week – allows clubs to spread their debts out over a period of ten years rather than twelve months.
Friday’s Board of Directors meeting saw Lazio register losses of £133m for the 2002 financial year, but they remained upbeat.
“We are on the right road to recovery,” commented director general Luca Baraldi. “Within fifteen to twenty days we will pay the outstanding wages.”
Lazio’s players have not been paid since September and the Board of Directors have agreed to halt their own wages until the squad can be reimbursed.
The new legislature has also helped Roma, as they were unable to sign any big name players during the summer due to a cash flow crisis.
The Giallorossi had ended the 2001-02 season with losses of £59m, reveals industry magazine Bloomberg Investimenti, but the inclusion of twenty minor squad players as part of the capital puts them in the black to the tune of £500,000.
“The credit,” reads the article, “goes to a small group of twenty youth players who can now be registered as assets for the club.”
The players that rescued Roma are Under-21 goalkeeper Amelia, Bovo, Brienza, Casavola, Cennicola, De Vezze, Di Masi, Farina, Fontana, Frezza, Guastella, Martinetti, Meloni, Napoli, Paoletti, Parla, Quadrini, Ranalli, Tinazzi and Vitolo.
The sale of defender Sebastiano Siviglia to Parma for £6m can be added to that figure to give Roma £63m.
Football Italia
16:46 The new law to help ease the financial crisis in Italian football has already helped balance the books for Lazio and Roma.
The two clubs were hit by cash flow problems this season and the Biancocelesti were forced to sell top stars Alessandro Nesta (pictured) and Hernan Crespo to avoid complete collapse.
However, the new law – passed by the Senate this week – allows clubs to spread their debts out over a period of ten years rather than twelve months.
Friday’s Board of Directors meeting saw Lazio register losses of £133m for the 2002 financial year, but they remained upbeat.
“We are on the right road to recovery,” commented director general Luca Baraldi. “Within fifteen to twenty days we will pay the outstanding wages.”
Lazio’s players have not been paid since September and the Board of Directors have agreed to halt their own wages until the squad can be reimbursed.
The new legislature has also helped Roma, as they were unable to sign any big name players during the summer due to a cash flow crisis.
The Giallorossi had ended the 2001-02 season with losses of £59m, reveals industry magazine Bloomberg Investimenti, but the inclusion of twenty minor squad players as part of the capital puts them in the black to the tune of £500,000.
“The credit,” reads the article, “goes to a small group of twenty youth players who can now be registered as assets for the club.”
The players that rescued Roma are Under-21 goalkeeper Amelia, Bovo, Brienza, Casavola, Cennicola, De Vezze, Di Masi, Farina, Fontana, Frezza, Guastella, Martinetti, Meloni, Napoli, Paoletti, Parla, Quadrini, Ranalli, Tinazzi and Vitolo.
The sale of defender Sebastiano Siviglia to Parma for £6m can be added to that figure to give Roma £63m.
Football Italia