Reggina will not appeal to the Coni guarantee college after the pronouncement of the Federal Court of Appeal which reduced the penalty in the standings from 7 to 5 points for non-payment of tax and social security deadlines.
This was announced in a press conference by the president of the company Marcello Cardona who explained the difficulties encountered by the company, which on the one hand signed an agreement with the bankruptcy court of Reggio Calabria, and on the other was not in a position to honor federal deadlines.
"We only did what the Court imposed on us - explained Cardona - and from there a sort of 'short circuit' was created between the rules of the sporting system and state regulatory provisions. If we had chosen to pay, we would automatically have exited the agreed with the Tribunal". However, the decision not to appeal further also arose from the consideration and attention that the leaders of the Federation have shown towards the club, "and then, having ascertained - added Cardona - that we are back within that important range of the playoffs, for a moment from the end of the championship, and being aware that we have a very important team that has shown what we are technically worth, we continue to play it on the pitch. But the corporate situation needs to be analyzed - he added -. For a few months there has been a state law which allows for debt restructuring, and Reggina, the first professional club in Italy, has decided to make use of this institution to restructure its very important debt, which is not only that of the old club, but is also a structural debt that has been dragging on for many At first, this company tried to talk to the creditors, but the debt turned out to be significant, and it was decided to entrust everything to a composition with creditors".
" This Company must be remedied - concluded Cardona - it must be able to make important plans, which are already in place and which will be put into practice as soon as the Court approves, with its own deed, the restructuring plan, allowing us to settle outstanding debts".
