THE ARCHIVE
Letter from...
Italy | Italy |
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Giorgio Chinaglia has never been a man to waste too much time worrying about what others might think of him. Certainly few in Italy are expecting the one-time Azzurri striker to turn up at a Rome courthouse on October 26 to answer accusations of extortion and trying to manipulate share prices. The charges, brought by the Guardia di Finanza (the financial police, usually kept busy trying to enforce payment of income tax), refer to an attempted takeover of Lazio, one of Chinaglia’s former clubs, in the spring of 2006. A Hungarian pharmaceutical company was to put up the cash for a proposed buyout of club president Claudio Lotito, with Chinaglia in the role of spokesperson and, presumably, all set to inherit Lazio’s presidency should the bid prove successful (not for the first time, either; the Swansea-raised Italian actually bought the Roman club in the early 1980s, overseeing a dismal three-year period in which they were relegated and Chinaglia investigated for false accounting and bankruptcy).
Shares in the club duly leapt by 34 per cent as rumours began to circulate of the potential takeover bid. Lotito had no intention of selling, however. Having taken control from Sergio Cragnotti in 2004, following the collapse of the Cirio food group, he has been determined to change the club’s culture, most notably refusing to talk to members of Lazio’s hardcore ultrà following and stopping the long-held (and in Italy widely held) practice of allowing members of the Irriducibili group to sell tickets and merchandise, forcing the closure of their shops and cutting off their main source of revenue. From WSC 247 September 2007 On the subject...
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