Italian authorities set to save Parma

Date: 6th March 2015 at 2:37pm
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The Italian football authorities are poised to step in with an emergency funding package which will enable Parma to play their remaining fixtures and see out the rest of the season.

The Ducali have been in financial meltdown since last year and despite three changes of ownership since December, the players and staff have yet to receive any salaries since the summer.

The situation has become so acute that the club’s last two Serie A fixtures have been postposed as they were unable to cover essential match day costs, such as stadium security and team travel.

The Lega Serie A Assembly, the division’s governing body, is set to meet on Friday and La Gazzetta dello Sport reports that they will almost certainly approve emergency funding in order to keep Parma from bankruptcy, and allow the club to meet their remaining fixture obligations and avoid any further chaos to the league schedule.

Due to a lack of trust in current Crociati president, Giampietro Manenti, these funds will be provided straight to the Parma municipal authorities who own the Stadio Ennio Tardini.

It is understood that several Serie A clubs are opposed to the league’s intended course of action but president Maurizio Beretta is set to forge ahead with the plans due to the adverse consequences that Parma’s collapse would have, not only on fixtures, but also upon television contracts.

 

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