Serie C side Catania are on the verge of bankruptcy with a court date set for May 25 and debts amounting to over €15m.
The club has been in dire trouble for years, culminating in the shocking incident when director Pietro Lo Monaco was physically attacked by ultras on a ferry.
According to La Gazzetta dello Sport, the debts have ballooned over the last five years from €4.5m to over €15m.
This prompted the authorities to take action and file a bankruptcy motion, with the court date set for May 25.
It means Catania have until May 22 to provide documents proving they can be financially sustainable.
Other options include finding a new buyer, but time is extremely tight and football in a difficult situation amid the coronavirus pandemic.
Serie C clubs already voted to end the 2019-20 season here rather than attempt to resume the fixtures.