Lazio, Parma are these the last days?

By Dave Eadevic
March 17 2004

The very survival of the proud Roman club was thrown into doubt when their shares were suspended by the Milan Stock exchange. This comes on the back of news that Parma are to be put up for sale to help ease the debts caused by the fall of Parmalat. The shares are to be suspended until further notice. Although doing well with a respectable 4th place in the league, the clubs net losses for the second half of 2003 are said to a massive 84 Million Dollars, comapred to about half that for the same period last year.

Sergio Cragnotti, the former owner was arrested last month, and is under investigation for his role in former Lazio majority shareholder Cirio.

While the fate of Parma, sounds much the same, only replace Cirio with Parmalat, these seam tricky times for the 2 Seria A clubs.



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