FIGC Set Club Takeover Stipulations

Date: 26th March 2015 at 11:47pm
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The FIGC have reacted to the financial crisis at Parma by announcing strict financial regulations around those who wish to invest in clubs in future.

The stricken Ducali are set to be relegated at the end of the season and may well be plying their trade in Serie D next season as a result of financial mismanagement.

The rules, which will apply to anybody who wishes to own more than 10 percent of a club would have to prove their financial strength as well as being of good repute.

The statement, issued on FIGC.it explained that any convictions for fraud or embezzlement within the last five years would count against prospective investors as they look to ensure stability within clubs and avoid further cases like that involving Parma.

Investors will also be required to prove their financial status, which would entail one credit institution confirming their solvency.

The FIGC also announced that it would be working with the interior ministry in order to vet investors who may be involved in illegal activity.

 

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