Clarifying football teams' listings

I'm trying to figure out the listings of football teams: Juventus is listed on Borsa Italiana. Lazio is also listed. But AS Roma was delisted in 2024 after being taken private in 2022 by Friedkin. There’s some uncertainty there. I want to be cautious and make sure I’m getting the information right. These details are really important when discussing club finances.Analyzing listing motivations and implications

I’m outlining the motivations for potentially listing: access to deeper capital markets, better liquidity, and broader investor base. There are also costs, like compliance with SEC and various accounting standards. The steps involve choosing a listing vehicle, preparing necessary documentation, and securing approvals. Constraints include ownership stakes and UEFA regulations. The impact on fans might be minimal but could assist funding for projects. Risks involve currency and governance issues. I need to clarify if the user wants a brief news summary, deeper analysis, or a Q&A on implications.Preparing concise news briefing

I’m following a style that involves concise bullet points in Chinese and keeping formatting minimal. I want to ensure compliance with content guidelines. I’ll prepare a sample news brief of around 120 words.

I plan to include a headline explanation, key takeaways, possible routes for listing like ADR or SPAC, impacts for Lazio, Serie A, and investors, and what to watch next regarding filings and appointments. I’ll offer to draft a 200-word or 500-word piece, or possibly a Q&A, asking for the user’s preference. Keeping it within 4-6 bullets sounds good too!Analyzing Lazio's listing options

I’m preparing a concise analysis that includes a title of "简析" and organized bullet points.

Lazio is listed in Italy and is likely to pursue a cross-listing or ADR rather than a full IPO. The motivations include valuation, liquidity, and access to international investors, possibly aiding in funding for stadium or transfers.

I'll list options like Level II/III ADR, dual listing, and SPAC. Key difficulties include SEC compliance and UEFA regulations.

I’ll also cover the implications for investors and fans and finish by asking if the user would like a news brief, a valuation comparison table, or a checklist for ADR processes.