Salernitana Accepted A €10m Offer To Buy Out The Club By Danilo Iervolino

Claudio Lotito had to sell Salernitana because the rules forbid one person from owning two clubs in the same division, and he is already in charge of Lazio.

With minutes to spare ahead of the midnight December 31 deadline, Salernitana were rescued from Serie A exclusion by an agreement for the takeover with local businessman Iervolino.

According to various reports, the deal is worth €10m and Lotito is furious that bigger offers were not accepted.

However, now the Gazzetta dello Sport and La Repubblica newspapers claim that there was good reason for the others not to be considered reliable.

These included some offering €11,000, a Swiss fund that was aiming to pay €38m entirely in shares of a totally different company and another with €26m and no financial guarantees from a bank.

The strangest was from a company that wanted to pay €40m for Salernitana, albeit only in cryptocurrency and payable over 36 instalments.

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