NEWS
Thursday May 28 2015
Final Parma auction fails

The fifth and final auction for the acquisition of Parma has again failed to attract a buyer for the bankrupt club.

The asking price for today’s auction was fixed at just under €6m, but the club has released an official statement revealing that no offer was received.

“The bankruptcy administrators of Parma FC, Dr Angelo Anedda and Dr Alberto Guiotto, communicate that at 12:00 today, May 28 2015, no binding offer for acquisition has been delivered to the notary Giulio Almansi,” read the statement.

“In the next few hours the administrators will discuss with the Committee of Creditors and the bankruptcy judge the necessary decisions on the future of the sporting business and the possible continuation of the provisional budget.”

There are hopes that the bankruptcy judge will set a date for another auction in June and if not, that it may be possible to enter into private negotiations with potential buyers.

The Corriere dello Sport believes that there has been interest from an American consortium led by the lawyer Fabio Giordano or the coffee entrepreneur Massimo Zanetti, but a deal must be struck soon.

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