Ray Lo Fasonew CEO Luccheseintroduced himself yesterday at a press conference: representatives of the new property made their first appearance at the Rossoneri, as reported by colleagues from GazzettaLucchese:”Correctly understand in which direction society is moving yesterday (Wednesday, ed.) It was a fundamental day for the club as we recapitalized, a fundamental step as the club needed to be protected before signing contracts. The condition in which we found the company, the assets were negative by more than 2 million, the quarterly report was negative by 750 thousand euros: in these conditions there were no minimum criteria for registration and campaigning for the acquisition, recapitalization was mandatory. Do it within 60 days and guaranteeing an authorized capital of more than 500 thousand euros and sufficient liquidity. We did not waste time, it was a decisive step, we are happy, but it is right to say things to each other in order to understand what is the starting point. This step is a prerequisite for ensuring the longevity of the company, which could not survive without this contribution. There were no things in the accounts that would compromise the correct linearity of the financial statements, but the economic result of the same was very negative. If the quarter ends at -750,000 euros on March 31, and the share capital drops by two million, things will get tiring. There not only to pay off the current season’s debts, but also in general due to the lack of recapitalization, even if the law allows recapitalization by 2025. We now have a share capital of 500 thousand euros, which does not mean that it will not be an ambitious team, but we must clearly state that the starting point is very demanding“.
Source: Tutto Mercato Web
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