News goes from bad to worse for Cecchi Gori

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Beleaguered Italian film producer Vittorio Cecchi Gori received more bad news Monday when he learned that 11 cinemas he owns — including Italy's most profitable — will be shuttered in connection with his ongoing financial troubles.

About 50 workers protested Monday outside Rome's Cinema Adriano, Italy's top-grossing cinema and the crown jewel of Cecchi Gori's cinema holdings.

The 66-year-old Cecchi Gori was apprehended by police this month and held in Rome's Regina Coeli Minimum Security Prison on charges of financial insolvency related to about €25 million ($38.7 million) in debt. It was the third bankruptcy of a Cecchi Gori holding since the failure of the Fiorentina soccer club he owned in 2002.

On Thursday, Cecchi Gori struck back, filing a €50 million ($77.4 million) lawsuit against soccer's organizing bodies in relation to the case of Fiorentina, his second major lawsuit since March. (partialdiff)
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