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Lazio President Claudio Lotito (Photo by Marco Rosi – SS Lazio/Getty Images)
There are reports that Claudio Lotito rejected an offer worth €450 million to buy Lazio when it was presented by American investors via JP Morgan.
According to Il Tempo newspaper, the proposal came through JP Morgan and was originally from unknown potential buyers who were eager to get into the Serie A market.
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However, President Lotito turned them down and insisted on keeping hold of the club.
It is not clear when this offer was made, nor how long it took to give a negative response.
Lotito already at war with Lazio fans
This story will only add further tension to the already inflamed situation that has seen ultras abandon the Stadio Olimpico for several months this season.
They are protesting at Lotito’s running of the club, feeling that he does not invest enough and would prefer to see them struggle on the field if it means having perfectly balanced books.
Lotito rescued Lazio from imminent bankruptcy in 2004, but that was 22 years ago and the fans are eager for someone ready to invest in the squad.
Last summer, the Biancocelesti were placed under a six-month transfer embargo for failing financial stress tests, so could not buy any new players without first making sales.
