Italian football club Parma have been relegated to Serie D after failing to find a buyer.
The club were decalred bankrupt last season and despite some interest, they have ultimately been unable to find a new owner.
“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,” said a statement on
the club’s website.
“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 Ducali were relegated after finishing bottom of Serie A
last season and were declared bankrupt by an Italian court in March.
They have never won a Serie A title but during the 1990s they won two
Uefa Cups and a Cup Winners’ Cup and finished second to Juventus in the
league in 1997.
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