Lega Serie A clubs have unanimously voted to oppose a proposed law enabling popular fan shareholding, citing legal conflicts and risks to the league’s economic stability.
Serie A clubs have formally rejected a bill proposing “popular shareholding” in sports, despite the reform already passing through Italy’s Chamber of Deputies. The Lega Calcio Serie A assembly warned the legislation presents “serious conflicts” with the rights of existing shareholders. League officials have now appealed to the Senate, arguing the move could trigger “obvious negative effects” for the industry’s financial health and corporate structures.
The league highlighted specific concerns regarding the bill’s impact on listed companies and potential interference with insolvency procedures during club bankruptcies. Furthermore, they criticized the lack of safeguards to prevent organized crime from gaining “influence over corporate governance structures” via fan bodies. As the debate moves to the Senate, clubs remain steadfast that such reforms threaten the sustainability of the Italian footballing model.