MILAN: Cash-strapped Italian Serie A side Lazio have begun procedures to pay wages due to their players through September 30 last year, the club said on Friday as they bid to prevent an exodus of their top talent.
Third-placed Lazio have shone on the pitch this season despite failing to pay the players for months, but the club risked seeing them become free agents during the mid-season transfer window that began on Jan 2.
Just before the mid-season break the entire squad demanded unpaid wages dating back to June, leaving the club until mid-January to find the funds. Lazio’s banks earlier this month agreed to a rescue deal in return for Lazio president Sergio Cragnotti’s resignation.
Cragnotti was also forced this week to quit the top job at Lazio’s parent company Cirio, which has put the club up for sale. – Reuters