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Lazio Stock Plunges 5% After Rejecting Qatari Takeover Bid

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Lazio's shares fell 5% on Monday after the Italian football club dismissed reports of a potential takeover by a Qatari investor. The Serie A team stated it had received no formal approach, pushing back on media speculation about a €600 million proposal for Claudio Lotito's controlling stake.

Lotito, who has owned Lazio since 2004, initially restored financial stability but faces mounting criticism over recent seasons. Investment has lagged, key players have departed without adequate replacements, and supporter groups have boycotted home fixtures. An online petition calling for the Italian senator to sell has garnered more than 40,000 signatures.

The club's rejection of the Qatari bid follows a pattern of Lotito signaling his intention to remain in charge. Despite waning fan support, he recently unveiled plans for redeveloping Stadio Flaminio and is set to present the club's "Lazio 2032" strategic plan during the March international break.