Lazio Deny Requesting €40 Million Bank Guarantee to Lift Transfer Ban | OneFootball

Lazio were quick to respond to rumors regarding their plans to unblock the club’s transfer market in January. The Italian capital side has been prohibited from making any new signings this summer after failing to meet the required standards set by COVISOC.

The Blunder

Club president Claudio Lotito and sporting director Angelo Fabiani downplayed the episode while insisting that the Biancocelesti remain in a healthy financial situation, claiming that the transfer ban was triggered by a blunder in the club’s most recent financial report.

Lazio Looking to Fix Unsavory Market Situation

Lazio insist that the situation will be rectified ahead of the January transfer window, and they also believe that the newly adopted parameters (based primarily on labor cost instead of liquidity index) will help their case.

Lazio Reportedly Seeking €40m Bank Guarantee

Nevertheless, a report from Il Messaggero claimed that Lotito and Co. are trying to secure a bank guarantee worth €40 million to ensure that the ban will be lifted ahead of the winter Mercato, just in case the management fails to settle the accounts in time.

Lazio Refute the Rumor

According to Adnkronos (via La Lazio Siamo Noi), the hierarchy categorically denied the story, insisting that the club hasn’t requested a bank guarantee in any shape or form. Lazio reiterated their plan to balance their account through ‘sustainability, cost efficiency, and squad development’, explains the report.

Maurizio Sarri Desperate for Reinforcement

In any case, Maurizio Sarri will be ardently hoping that the ban is lifted one way or the other after being denied the opportunity to enhance the squad with new signings, and will have to operate with the workforce he inherited from his predecessor, Marco Baroni