FINANCIAL AUTHORITIES LOOK INTO POSSIBLE TAKEOVER OF LAZIO

Authorities in Rome are looking into whether the possible takeover of the Serie A club by Hungarian businessmen is having a misleading effect on the club’s shares. Lazio’s listing on the Italian stock exchange was suspended for a day last month while investigators looked into the matter.

Chief prosecutor Giovanni Ferrara, who decided to remit the case to the team of judges in charge of financial crimes, is now waiting for Consob – the controlling commission of the Italian stock exchange – to provide further information.

In a separate case, Consob has been talking to former player Giorgio Chinaglia about his rumoured takeover of the club. Claudio Lotito, the club’s president and majority shareholder, has previously refused to talk to Chinaglia, but reports suggest that he would be willing to listen to offers of EUR 500 million.