Thursday March 19 2015
Parma debts revealed

The extent of Parma’s debt has been revealed, with total liabilities topping €200m.

In the official documents released by the court, the scale of the debts incurred by the club are revealed, with €74,360,912 amassed in sporting debts alone.

In the last financial statements available, from February 17, the total debt amounted to €218,446,754 with €10m owed to various banks and €25m in tax liabilities.

Any group which wishes to take over the Ducali would have to pay off the sporting debt if they intend for the club to continue in Serie B next season.

With a deadline of June 28 to register for the competition, the Emilian club now face a race against time to try and secure funding.

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