of Vittorio Malagutti
Cragnotti Tanzi and two very similar stories. Masters of football and finance in the 90s now have to reckon with the law. A common destiny for the heads of Crespo and Veron .
Cragnotti Tanzi and had a parallel rise in many ways during the 90s, but two entrepreneurs are very different from each other. Tanzi was a true entrepreneur, someone who has built a true industrial empire from scratch, even if we have discovered by what means. Cragnotti , however, was essentially a financier with a career within the Montedison in the 80s and the Ferruzzi group Enimont in the late '80s and '90s. In the early '90s and then set up his own by creating a group that included Cirio yes, but also various other industries, among other things, just linking them scattered in different countries (remember the Lawson Mardon Group in Canada where he worked among other things, Sergio Marchionne, the current number one FIAT , and other activities in Brazil). ;
Cragnotti course became famous for Cirio but especially for the Lazio Football that purchased by Cragnotti, was taken into the bag and also to the league. In the same period with his Tanzi Parma caught successes by winning a European Cup .
Somehow, then, the two had in common, oltre che dalla scalata parallela al mondo dello sport, anche dal fatto che avevano amicizie in campo bancario identiche. Per entrambi il massimo finanziatore, appoggio bancario, era la Banca di Roma all'epoca guidata da Cesare Gironzi , tant'è vero che è stato oggetto di inchiesta giudiziaria anche un affare, il cosiddetto affare Eurolat concluso nel 1999, in cui venne ceduta la Eurolat, che era un polo di aziende del latte, dalla Cirio alla Parmalat per un prezzo vicino ai 200 miliardi di lire dell'epoca. Questi soldi non servivano ad altro che a ripianare il credito che il sistema bancario, ma in massima parte, la Banca di Roma , avevano fatto a Cragnotti e alla Cirio. So in essence this is also one of the accusations, suspicions that were the judges. The Bank of Rome put pressure on Tanzi why give a hand to Cragnotti Eurolat buying, so Cragnotti would return a very important part of the debt to the Bank of Rome. And this is precisely the main crossing between these two events. Other crosses, there were clearly also in the sale of players, among the most striking cases is surely to Crespo who was sold from Parma to Lazio to the tune of 110 billion lire.
Both the house of cards collapsed miserably over then a few months.
Basically the first non-payment of bonds by Cirio dates back to 2002 and was declared bankrupt in August 2003 instead. And in December 2003 Parmalat scandal explodes, with the arrest of leaders of society. Another parallel between the two cases is that both companies and is financed through the issuance of bonds , high-yield bonds were placed on the market and bought by thousands and thousands and thousands of investors. Cirio bonds largely served to take money that was used to Cragnotti to pay its debts with the banks, so the risk was transferred from the banks Cirio to savers, so instead of Parmalat bonds were used, even in this case, to finance the company without accessing or only partly due to bank credit used to finance with the same money savers, and in both cases then the results are seen: there was a failure. Savers have recovered only a small part of the money they had paid to buy the bonds. Now we come to the final act, even with regard to Parmalat are already in the process of appeal in Milan stock exchange for the portion of the crimes that Tanzi sentenced to 10 years in prison instead to the main process, that of the bankrupt Tanzi us al primo grado con una condanna a 18 anni di reclusione. Per Cirio, proprio in questi giorni, siamo arrivati (ormai a circa 8 anni dal fallimento), alla richiesta di pena in primo grado, che per Cragnotti è di 15 anni .
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