Reggina, crucial hours for the sale: new offer from the American fund, ultimatum by the weekend

John

By John

On the Reggina front, all is publicly silent. However, something is moving on the corporate front, although it is not easy to find information on negotiations for a possible sale. Confidentiality agreements make any reconstruction of things complicated.

Significant news: we have entered the decisive days with a new purchase proposal

The lack of denials, however, sound like a confirmation of what the rumors are. And there is significant news, considering that we have entered the decisive days and something more has emerged on the possible acquisition of the club by an American fund that has been talked about for several days.

The first offer was allegedly rejected and was followed by a counter-offer of sale, deemed unacceptable by American investors. In the last few hours a new purchase proposal has been made, for which a response is awaited and it could be the last. Evidently normal dynamics in a buying and selling phase, but now the Americans seem willing to wait for a possible definitive answer only by the end of this week.

It will be remembered that Reggina’s majority shareholders, Ballarino and Minniti, had announced that their shares would be sold at 0. The ongoing negotiations probably concern who and to what extent will have to cover any outstanding debts of the club.

The role of Matt Rizzetta

The American fund acts with the contribution of Matt Rizzetta, current president of Campobasso. While waiting to understand what his possible commitment would be, the certainty is that the latter will continue his adventure in Molise. For several years, the Italian-American entrepreneur has been the point of reference for American funds interested in investing in European sport. In addition to the excellent results in Molise, a year ago he bought the Naples basketball team