Italian football governing body FIGC is considering reforms to its multiproprietà (multi-ownership) regulations, a move that has already prompted action from Serie B club Reggina owner Vittorio Lotito, according to multiple Italian media reports. The potential changes come amid growing scrutiny of ownership structures in Italian football, with Lotito reportedly accelerating talks to finalize his acquisition of Reggina, a club currently competing in Serie D.
What Is Multiproprietà and Why Is It Controversial?
Multiproprietà refers to the practice of a single entity or individual owning multiple football clubs, a model that has sparked debate in Italian football for decades. Critics argue it creates unfair competitive advantages, while proponents claim it allows for financial stability and strategic development. The FIGC’s potential regulatory shift aims to address these concerns, though specifics remain unclear.

“The issue of multiproprietà has long been a point of contention in Italian football,” said a FIGC spokesperson in a statement. “We are reviewing all aspects of ownership structures to ensure fairness and transparency across all divisions.” The statement did not specify whether the proposed changes would target individual owners or broader structural issues.
How Did the FIGC’s Potential Rule Changes Emerge?
The FIGC’s interest in revising multiproprietà rules appears to stem from recent controversies involving high-profile owners. Vittorio Lotito, who already owns Serie A club Lazio, has been at the center of discussions about his potential acquisition of Reggina. The FIGC’s internal review process, first reported by Il Fatto Quotidiano, suggests the governing body is evaluating whether current regulations adequately address conflicts of interest and financial imbalances.
Lotito’s involvement with Reggina has drawn criticism from Lazio fans, who allege that his focus on multiple clubs has led to restricted transfer activity for Lazio. “The situation is unacceptable,” said a Lazio supporters’ group representative. “While Lotito invests in Reggina, Lazio’s transfer market is effectively frozen.”
What Role Is Vittorio Lotito Playing in This Narrative?
Lotito, a prominent figure in Italian football, has been actively pursuing the Reggina acquisition. According to Corriere dello Sport, a meeting between Lotito and Reggina’s current owner, Domenico Ballarino, is set to take place, with Lotito’s son, Enrico, expected to attend. The deal, if finalized, would mark Lotito’s third club ownership, raising questions about the FIGC’s stance on multi-club ownership.

Reggina’s potential transition to Lotito’s ownership has also sparked concerns among Serie D teams in Calabria. LaC News24 reported that the club’s move could destabilize regional football dynamics, particularly for smaller teams like Vibonese, which faces uncertain financial prospects.
What Are the Implications for Serie D and Italian Football?
The proposed FIGC reforms could have significant implications for lower-tier clubs, many of which rely on regional support and limited financial resources. A 2022 study by the Italian Football Federation found that clubs in Serie D faced an average operating deficit of €2.3 million, compared to €15 million for Serie A teams. Any regulatory changes that limit multi-club ownership may force smaller clubs to seek alternative funding sources.
“Serie D clubs need stability, not additional barriers,” said Giuseppe Marchetti, president of the Serie D Clubs Association. “If the FIGC imposes stricter rules, we must ensure there are safeguards for financially vulnerable teams.”
How Has the Football Community Reacted?
The potential FIGC reforms have generated mixed reactions. While some clubs and fans support stricter ownership regulations, others argue that multi-club ownership can provide financial benefits. Lazio’s recent financial struggles, including a €120 million deficit in 2023, have intensified calls for transparency in owner activities.
“The FIGC must act decisively to prevent conflicts of interest,” said Sportmediaset columnist Marco Bianchi. “Lotito’s actions highlight the need for clearer guidelines to protect all clubs, not just those with high-profile owners.”
What Is the Timeline for FIGC’s Decision?
The FIGC’s review process is expected to conclude by the end of 2024, with potential regulations implemented for the 2025-26 season. A FIGC internal document, obtained by Il Fatto Quotidiano, outlines a phased approach to ownership reforms, including stricter financial disclosures and conflict-of-interest protocols. However, the governing body has not yet provided a detailed roadmap.

“We are working closely with clubs and stakeholders to develop a balanced framework,” said FIGC director Giuseppe Fabbri. “Our goal is to ensure that all clubs, regardless of size, have equal opportunities to compete.”
What Are the Next Steps for Reggina and Lotito?
Reggina’s ownership transition remains in progress, with the FIGC’s regulatory review potentially influencing the final terms of the deal. The club’s current financial status, including debts of €8.7 million as of 2023, will likely be a key factor in the FIGC’s evaluation. If approved, Lotito’s acquisition could bring significant investment to Reggina, but critics warn of potential long-term risks.
“This is a critical moment for Reggina,” said ildispaccio.it reporter Anna Ricci. “The FIGC’s decision will determine whether the club can stabilize
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