NEWS
Saturday July 20 2013
Siena avoid bankruptcy

Siena have successfully avoided bankruptcy and registered for the new Serie B season, but seven Lega Pro clubs failed.

There were real concerns the Tuscan side would be unable to prove its financial stability in time to register for the 2013-14 campaign.

However, the FIGC agreed that Siena are sound enough to last for an entire season, as they reached a last-minute agreement with main sponsors Banca Monte Paschi di Siena.

The financial problems emerged precisely because Banca MPS suffered huge losses amid a banking scandal and Siena were relegated from Serie A.

Siena have registered, but will start the season with docked points as punishment for failing to pay the January, February and March 2013 wages on time.

Several clubs have failed to register for Lega Pro divisions and are therefore heading for bankruptcy proceedings.

They are Sambenedettese, Tritium, Andria, Borgo a Buggiano, Campobasso, Portogruaro and Treviso.

Other sides, such as Nocerina, Aurora Pro Patria, Vicenza, Bellaria Igea Marina, Chieti and Rimini have been allowed into Lega Pro on appeal.

The Serie B fixture list will be drawn up on August 1, while the Serie A calendars are on July 29.

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