Azionariato Popolare AS Roma (Part 3)

OK, so here is another section of quotes that I’ve translated from Walter Campanile’s various interviews, this time from the press conference itself. Again it must be said that if any sense at all is lost from the translation then sorry, but there is no malicious intent in any linguistic fuck ups I make. And in any case, this is mainly for my benefit, so screw you. If you want to get hot off the press Italian news then learn the bloody language yourself. Below is a more up-to-date vision of what they feel the organisation should be about, with the original Italian here, for those of you who wouldn’t mind helping me out a bit. Meanwhile, if you’re at all interested in the structure of the APASR then why not take a look at the informative slides from the conference?

In what concrete way do you want to contribute to the growth of Roma and how does the current owner feel about that?
Mario Sacchi of Envet: The objective of the association is to assist and support the club. It’s evident that we will have to invest in the club, as a minority, obviously.

Is there a representative of the club here? Was one invited? Was the project presented to the club?
(There are a couple of sentences here that I literally cannot make head nor tail of: how depressing – Ed). In Europe we have clubs that were born as sporting clubs in which the member is a ‘socio’ (a member in the true sense of the word – Ed) and they developed on this model. At Hamburg for example, they didn’t need an azionariato, but the association ‘Friends of Hamburg’ nourishes the fan base, helps in the life of the club and of the supporters, and it also brings together thousands of members. Arsenal isn’t in the hands of their fans, but a group has a minority interest that doesn’t change the life of Arsenal, but it gives consent to the participation from and the involvement of those who care about the club. Roma is undoubtedly the object of this project.

Walter Campanile: We invited everyone here today, representatives of Roma and of the institutions. Their non presence doesn’t bother me because as yet we haven’t done anything. I’m sure that the work that we do will eventually be appreciated. Already, with regards to the number of members, we have overtaken Arsenal. This, we still repeat, is only a point of departure. We only want to participate and contribute to the management of the club. To let us help Roma, only that. Like Ranieri’s Roma, we also have to work off the pitch one step at a time. A note to the fans: all fans demand maximum effort from their players, so we mustn’t hold back when there is the opportunity to do something concrete.

How come there are no representatives from Roma here?
There are some (It’s clear who they are; they didn’t make themselves known at the time – Ed). We  have already opened the channels of dialogue and have invited everyone. I’m available to go anywhere to talk about our project.

Is Angelini one of your members? (Note: you might remember from my first post on this subject that pharmaceutical magnate Francesco  Angelini has been wildly rumoured to be interested in buying the club. This has caused many to think that the APASR was a front for various high-profile people to buy it from the Sensis, of whom more later)
Walter Campanile: No.

Will the money collected from members go to the club’s transfer market budget?
By law the money cannot go in the pockets of our associates. Just to be clear there will be specific body that will decide how the money is spent, and it will be possible to verify that through the balance sheet. If come the second year you become disillusioned you will be able to leave and not have to pay the money again. Transparency is guaranteed.

As we saw in the previous post, the group want to contribute financially to the club, with a minority say in what happens, and with the ain – in the short-term at least – of being little more than a community hub for fans. There appears to be a lot of talk about socios, but the comparison with those clubs is moot, as they are owned by their own communities and critically, they elect the people who run the club. This isn’t to say what happens at these clubs is perfect; Lord knows you only have to put in the occasional cursory glance at Sid Lowe’s Spanish football articles to know that the political machinations at Real Madrid in particular can get pretty ugly, frankly I’d be hoping that whatever does become of this project stays as far away from the ugliness that is Real Madrid as possible.

What happens to any money invested however, is another discussion altogether. Last week Roma’s owner Rosella Sensi had a meeting with Italian bank Unicredit regarding Italpetroli’s €400million plus debt, of which €300million is owed to them. Let’s just say that the meeting didn’t go well. ‘While Roma are flying on the pitch and dreaming of the Scudetto, off it the future of the club remains in doubt’, says Il Tempo (which appears to be a subsidiary of Il Sole 24 Ore, who basically invented the story about APASR that I mentioned above – we’ll skip over that for the time being). Why? well, Unicredit are 49% shareholders in Italpetroli (the company that indirectly controls Roma, remember) and are calling for the cancellation of the debt repayment plan and an  injunction on 13 Sensi assets, for various business-y reasons, including not communicating the company’s net asset value (regarding the 2008 balance sheet) in time. In 2008 the group lost €33million, and if 2009’s losses add up to more than €17million they will have to reduce capital, and as the Sensi’s don’t have any other solutions, Unicredit are adamant that assets must be sold.

The paper finishes: ‘The alternative is a recapitalisation, in which the bank would be ready to participate, but it would probably not gain a majority consensus from the shareholders. When thinking about the sale of assets thoughts shouldn’t go to Rome, the jewel in the group’s crown, made even more appetising in the last few months by on the pitch results that will probably take them into the Champions League next year. If the Sensis do have to give up the club, pharmaceutical magnate Francesco Angelini remains a credible potential buyer, and will be following the story with interest.’

No mention of our boys and girls in the Azionariato Popolare AS Roma yet. Maybe in time.

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