Lazio shareholders approve package
ROME, Italy -- Lazio shareholders have approved a 120 million euro ($152.4m) capital injection, considered crucial to cover debts and keep the cash-strapped Serie A club afloat.
"It was approved," a spokesman said on Saturday, adding that the meeting was attended by about 22 percent of the club's investors.
Lazio, one of three Italian clubs listed on the Milan bourse, has battled with financial troubles after food group Cirio, its former majority owner, was put into liquidation.
Cirio was pushed out after an August capital hike, leaving the largest stakes in the club to bank Capitalia, entrepreneur Salvatore Ligresti through hotel chain AtaHotels and real estate
