Lazio president Claudio Lotito has been convicted and sentenced to two years in prison for market rigging and obstructing Italy's stock market regulator in connection with his acquisition of the Rome club, local news reports said.

Lotito was also fined $82,000 in connection with the acquisition four years ago, the ANSA and Apcom news agencies reported. In Italy, first-time convictions carrying sentences of as little as two years don't usually result in actual time behind bars.

Roman businessman Roberto Mezzaroma was also convicted in the case and sentenced to 20 months in prison and fined $70,000 the reports said.

Both men have denied any wrongdoing.

Lazio officials could not be reached for comment.

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