Parma have not been liquidated, but the facts we do know show the Serie A club is in an extraordinary situation.

This evening the Lega Serie A released a statement defending its investigation into the club finances and confirming it would be by Parma’s side in the bankruptcy hearing on March 19.

Some news sources mistranslated this and believed it was an official sign of liquidation for the club, but that is not true.

Parma have not been liquidated, but the facts we do know show the Serie A club is in an extraordinary situation.

This evening the Lega Serie A released a statement defending its investigation into the club finances and confirming it would be by Parma’s side in the bankruptcy hearing on March 19.

Some news sources mistranslated this and believed it was an official sign of liquidation for the club, but that is not true.

There are also unconfirmed reports that President Giampietro Manenti emptied his company's bank account on Thursday.

What we do know about Parma are some facts that show just how serious the situation has become.

Last week several vehicles, including a team bus, were seized by the Italian version of the Inland Revenue due to unpaid taxes. Read more here.

Nobody at the club – including players and behind the scenes staff – has been paid since July 2014. Read more here.

Tomorrow’s game against Udinese has been called off because the club doesn’t have the money to pay stewards or security staff at the Stadio Tardini. Read more here.

Youth team Coach Hernan Crespo revealed today that their Primavera game was only able to go ahead thanks to a “favour” from ground staff.

He also said there is no money to pay cleaning staff or electricity bills, so the teenage players are getting sick from taking cold showers. Read more here.

Director of sport Pietro Leonardi has been hospitalised for heart problems caused by stress and today moved to a clinic specialising in depression and anxiety. Read more here.

If Parma do go under before the end of the season, the results earned so far will stand.

Any future fixtures that don’t go ahead will see opponents automatically awarded a 3-0 victory. Read more here.

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