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Post by Premier League News on Aug 14, 2015 16:46:24 GMT
 ![]() ITALY - Bankrupt Parma have had their Trophy Cabinet emptied by their creditors. The club, relegated from Serie A last season, have had their trophies, including Uefa Cups won in 1995 and 1999, three Copa Italia trophies, a Cup Winners' Cup and a European Supercup, placed into an Auction along with other lots which include the 'Parma FC' trademark, gym equipment and furniture. Parma went bankrupt in March with more than 200m euros (£143m) debt, although they were allowed to finish the season. The club failed to find a buyer prepared to pay 22.6m euros (£16.2m) to take on the club. A new Parma football club Parma Calcio 1913 will begin the season in Serie D. Parma is a small city of less than 200,000 inhabitants. They became successful in the 90's with the support of local company Parmalat but then struggled to achieve financial stability when the relationship ended. The items are listed on the website fallimentiparma.com by administrators Angelo Anedda and Alberto Guiotto, and all bids must be received by 11 September. |
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