Liquidity index, companies fulfill. Lazio does it on the gong

No earthquake. But a final suspense relating to the position of Lotito’s Lazio, who however crosses the finish line in the sprint, just before midnight. The “eligible” liquidity index should not jeopardize the registration of the 20 clubs in the Serie A championship. Yesterday, the deadline for the delivery of the documentation by the companies that photograph the financial statements as of March 16 expired. In practice, on yesterday’s data, Covisoc will verify compliance with the threshold provided for by the resolution approved by the federal council and on which the Serie A League has got in the way with the initiative to resort to the sports guarantee college, the degree legitimacy of sports justice, a sort of Cassation, beyond which there are the TAR and the Council of State. The liquidity ratio is the calculation between current assets and liabilities, ie short-term debt exposures. The threshold to be respected is that of 0.5 calculated, however, with some corrections that reduce the severity by a third. The clubs had asked for the 0.4 but first of all they took the field to postpone for a year the application of the new rule that Gravina instead wanted and obtained on the altar of the “no more crazy expenses” line.

Situation

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Word had also spread in recent weeks of a sort of “strike” by companies that could refuse to hand over the documentation. But such a move would have caused an institutional short circuit that was dangerous for everyone. The line of the president of Lega Lorenzo Casini was instead to focus on the sporting justice front by challenging the provision at the Guarantee College which will discuss it at the United Sections (there is no date yet). On the other hand, yesterday evening, all the companies presented their numbers and no dramatic situations would have emerged in terms of compliance with the index. It should also be remembered, however, that yesterday’s deadline is not definitive: for the final calculations there will be an additional barrier, that of 22 June. By this date it will also be possible to insert the signed preliminary contracts relating to the sale of players. Only at that moment will it be possible to have a picture of the situation because on June 26 the deadline for national licenses, that is to say the registration to the championship, will expire.

On the gong

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Yesterday evening the question mark was resolved, that of Lazio. A kind of yellow had been created on Claudio Lotito’s intentions and on the possibility of taking the clash with the Federation to a higher level. Failure to deliver, by code, costs a penalty point. In any case, it is clear that this liquidity index dispute will have some sporting legal consequences (and not only) even if it is now clear that the position of the Football Association will not change. In practice, this is the line that emerged in the last federal council, for registration in the 2022-23 championship, the rules and the threshold will be those taken by a large majority by the football government (18 votes in favor against 3). On 20 June, however, the matter will return to the board to assess the corrective measures compared to the basic standard for the remainder of the three-year period. So, for now, there should be no disruption.