Cosenza and Reggina ownership negotiations stall in Italy

Negotiations to transfer ownership of Cosenza Calcio to a consortium led by entrepreneur Vincenzo Rota have hit a dead‑end. Rota is prepared to assume the club’s existing debt, but president Eugenio Guarascio is demanding an additional €2‑3 million, leaving the deal unlikely to close. Local fans have begun discussing the creation of a second team, but no concrete plans have been announced.

In Calabria, Matt Rizzetta, previously the frontrunner to buy the Serie D side Reggina, announced on Instagram that he is “too disappointed to talk,” effectively ending his bid. The breakdown follows a rapid collapse of talks with club president Nino Ballarino. Ballarino is now reportedly in contact with a group linked to Claudio Lotito, reopening the search for a new potential buyer.