Bologna's future is plunged into uncertainty once again after President Sergio Porcedda failed to reach an agreement with Intermedia.
The club risks bankruptcy and has already been docked one point in Serie A due to financial irregularities.
There were high hopes for a meeting today with Intermedia representatives Massimo Zanetti and Giovanni Consorte.
“After several hours of debate, we have not been able to reach an agreement on covering the funds of Bologna FC 1909 towards Porcedda and the losses of the club,” read a statement.
The Rossoblu have under a month to find new investors or risk bankruptcy, as the players have started legal proceedings to recoup unpaid wages.