Court: Parma may be sold

2015-04-22 09:29
Parma (FIle)

Parma - An Italian judge has given his approval for bankrupt Serie A club Parma to be put up for sale and binding offers of a minimum $21 million must be made by May 6, the club said on Tuesday.

If no valid offers are made by the deadline, four other bidding rounds may be launched, with the minimum price reduced by 25 percent with each consecutive round, Parma added in a statement on their website (

Parma's players have not been paid all season and have had to do their own laundry and drive the team bus, while games were postponed because the club could not afford stewards or police at their Tardini stadium.

It took 10 minutes for a court to declare the club, rooted to the bottom of the league after finishing sixth last season, bankrupt last month.

Parma have changed hands twice this season, firstly to a Russian-Cypriot conglomerate and then to the Slovenia-based Mapi group.

Tuesday's decision allows the club's receivers, accountants Angelo Anedda and Alberto Guiotto, to look for a buyer.

Parma have never won Serie A but lifted two UEFA Cups, in 1995 and 1999, the 1993 European Cup Winners' Cup and three Italian Cups in a successful spell between 1992 and 2002.

They were Serie A runners-up in 1997, led by current Real Madrid coach Carlo Ancelotti, and boasted players such as Gianfranco Zola, Faustino Asprilla and Hernan Crespo.

Read more on:    parma  |  serie a  |  soccer

What To Read Next


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Live scoring

Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...


With the Absa Premiership in full swing, who will be crowned champions when all is said and done? Will Mamelodi Sundowns defend their title? Or can Kaizer Chiefs, Orlando Pirates or Bidvest Wits mount a serious challenge? Stay glued to Sport24 to find out!

Latest blogs

Who was the best summer signing in the EPL?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.