Lotito Finally Sells Salernitana So They Are Still Allowed To Stay In Serie A

Salernitana is finally safe because Danilo Iervolino bought Salernitana minutes before the deadline, allowing them to stay in Serie A.

The Salerno team was previously owned by Lazio president Claudio Lotito, who was told he would have to sell the club by 31 December 2021 because league rules prohibit a person from owning two clubs in the same professional division.  The team risks relegation if a buyer is not found.

As reported by Calciomercato, Italian businessman Iervolino has bought Salernitana, which will officially change hands tomorrow.  This 43-year-old Neapolitan native is a businessman who founded Pegaso University in 2006, an open university with more than 60 branches throughout Italy.

On 31 December, Salernitana's guardians Paolo Bertoli and Susanna Isgr informed the FIGC that they had accepted Iervolino's offer, with the necessary guarantees provided, including payment of a €500,000 deposit.

The 43-year-old Italian businessman will pay a total of €10 million for the club, with an additional €20 million set aside for current team commitments, including this month's transfer window.

Iervolino discussed his decision to buy Salernitana, saying: “I will do everything to try to save Salernitana in Serie A. I always put great enthusiasm into every project I undertake, and that will happen in this football project as well.

"I fell in love with Salerno, I wanted to build an osmotic connection with the city.  I have developed a brotherly relationship in Salerno with lawyer Lello Ciccone, a good friend of mine.  I will focus on the young players and the growth of the club."