Date: 6th March 2015 at 4:14pm
Written by:

Parma could well have a reprieve after FIGC president Carlo Tavecchio and the Lega Serie A came to agreement on a method to save the club.

The Gialloblu are in financial hardship with debts of over €100 million, and haven’t paid players or staff since the summer, whilst also having to postpone their last two Serie A fixtures having been unable to pay costs of travel, and to open the Stadio Tardini.

Tavecchio’s plan includes using fines gathered by the sporting justice courts to help finance Parma until at least the end of the season, which gives the Ducali a fund of €5m, before a bankruptcy hearing on March 19.

Of the 20 Serie A sides who voted on this proposal, 16 were in favour, three abstained, while only Cesena were against the scheme.

Should Parma declare bankruptcy a provisional budget will be agreed between the Lega, the club and FIGC.

FIGC president Tavecchio is now on his way to Parma with the director general of Lega Serie A to present the plan to the Parma players and city mayor, with the prerequisite that the team fulfil their games with Atalanta and Sassuolo in order to receive the package.

Become a Patron!