Parma have officially been declared bankrupt, and will have to begin again from the amateur leagues.
The news seemed inevitable after a final deadline to buy the club passed, with baseball legend Mike Piazza announcing that he would not be investing.
“The administrators of Parma FC, Dr. Angelo Anedda and Dr. Alberto Guion, communicated that as of 14.00 today, June 22 2015, no offers have been received for the sporting rights of the club,” a statement confirmed.
“In the coming hours the administrators will meet with the creditor’s committee and the bankruptcy judge Dr Pietro Rogato to make the necessary arrangements for the bankruptcy proceedings.”
The news means that the Ducali will not be able to register for next season’s Serie B, following their relegation at the end of the season just passed.
A new Parma entity will have to begin again from Serie D, the highest amateur league, and attempt to work their way back up the divisions.
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