Yesterday Novara announced the dismissal of Pietro Lo Monaco from the role of general manager and now the race for 25% of the company shares held by the expert manager begins. A share that should be purchased by the Boveri family, which already holds the majority stake, which would thus rise to 75% of the shares with Marco La Rosa who would remain a minority shareholder with 25%, even if – as reported The Press – Lo Monaco had said he was ready to sell his shares while retaining 1%.
“Specifically, the manager had spoken of a negotiation well underway with an external party, pointing out that the deal would have gone through if the other two partners had not exercised their right of pre-emption. – we read in the Piedmontese newspaper – There are now two new things. The first is that the time needed to reassign the shares was ruined by the evidence of a relationship that evidently could no longer be managed: Lo Monaco was accused of conduct relating to ordinary management, such as stadium and season ticket issues. The second is that the process was reversed by proceeding first with the withdrawal of managerial powers”.
With Lo Monaco it will now be necessary to find an agreement for the transfer of shares that satisfies all parties, then once the shareholder structure has been redefined – with the Boveri family who will be increasingly involved – the club could go on the hunt for a managing director to include in the organizational chart to replace the former general manager.