Avellino have lost their appeal against their exclusion from Serie B for the coming season.
The second division is in chaos ahead of the new season, as Bari and Cesena have already been declared bankrupt.
Avellino failed the checks to register, creating a third vacancy in Serie B.
The Irpini haven't gone bankrupt, but they needed two financial guarantors to register for the league and one of those was Finworld, a company which was denied a registration by Banca d’Italia.
Avellino have lost their appeal against their exclusion from Serie B for the coming season.
The second division is in chaos ahead of the new season, as Bari and Cesena have already been declared bankrupt.
Avellino failed the checks to register, creating a third vacancy in Serie B.
The Irpini haven't gone bankrupt, but they needed two financial guarantors to register for the league and one of those was Finworld, a company which was denied a registration by Banca d’Italia.
Clubs who had Finworld as a guarantor therefore given extra time to find a new one, but it appears Avellino have failed to do so in time, despite the President declaring he would “deliver by hand” a guarantee from Groupama.
As a result the FIGC barred them for registering for the new season, but that was appealed to CONI.
Today the Olympic committee’s Collegio di Garanzia has thrown out the appeal, so the only recourse left is to appeal to the Tribunale Amministrativo Regionale.
Avellino aren’t bankrupt, so they do appeal to TAR and once again fail they could register for Serie C, provided they pass the financial tests in that division.