About a month after the negotiations for the purchase of ACR Messina were stopped, the entrepreneur Hector the Younger – at the head of a Chinese group – has made his voice heard again through a letter (reported by Messinanelpallone.it) explaining the reasons why the negotiation did not come to fruition:
“In March 2024, ITM Ltd of Hong Kong expressed, through our Italian lawyer, an expression of interest in ACR Messina SrL. In March, April and May 2024, having received confirmation of negotiations from the owners of ACR Messina, the consultant we chose began a series of telephone conversations and email correspondence in order to prepare an LOI (Letter of Interest) adequate for access to accounting documents to carry out Due Diligence. We must point out that each of our LOIs was always changed or distorted and this caused a considerable waste of useful time. Monday 10 June 2024 Our consultant received a phone call from the owner of ACR Messina SrL in the person of the President Pietro Sciotto, where he excitedly invited us to Messina to define and close the deal. On June 19, 2024 we arrived in Messina, and after having defined verbal agreements, we made an appointment for the signing on Friday June 21, 2024 at 2:30 pm at the offices of Mr. Pietro Sciotto’s companies.
When the lawyer of the ACR Messina SrL owners arrived at the meeting, the document was printed and ready for signatures, the president Pietro Sciotto blocked everything by making it known that representatives of an Anglo-American fund based in Luxembourg would arrive in Messina on Saturday 22 June 2024 to make a proposal for the acquisition of the Football Company.so he could give an answer after the meeting with this delegation. It is not up to us to judge whether this fund existed or was just an archaic and childish attempt to raise the price, with great disappointment we took the flight to Rome on the same evening of Friday 21 June 2024. On Sunday 23 June 2024 the Company Director of ITM Ltd Mr. Ettore Minore, with a letter to the fans announced the exit from the negotiation, to this communication ACR Messina SrL responded in an offensive, denigratory tone and with clearly false content, in our opinion, not appropriate for a professional sports club.
Since that last meeting of 21 June 2024 and the communications of 23 June 2024 – concludes Minore – we have no longer had any relations with ACR Messina SrL and consequently there is no ongoing negotiation suspended or re-proposed on the date of 29 July 2024 and given the enormous delay It is not our intention to reopen this negotiation also due to the fact that the choices of management, staff and football squad do not reflect our initial project. Having made our intentions known, we close the press release by wishing ACR Messina the best for the next football season 2024-2025 for the serenity of its fans and all the citizens of Messina”.