Bari risk bankruptcy

After being knocked out in the Serie B play-offs by Cittadella, Bari reportedly now face bankruptcy if they can’t raise €5m in 10 days.

The Galletti were docked two points for failing to pay their players properly, which saw them fall behind Citta in the final table.

As a result, their home play-off game against Cittadella was reversed, and after going down to nine men they drew 2-2 after extra-time.

As they had finished lower in the regular table, that meant Bari were eliminated from the play-offs.

After being knocked out in the Serie B play-offs by Cittadella, Bari reportedly now face bankruptcy if they can’t raise €5m in 10 days.

The Galletti were docked two points for failing to pay their players properly, which saw them fall behind Citta in the final table.

As a result, their home play-off game against Cittadella was reversed, and after going down to nine men they drew 2-2 after extra-time.

As they had finished lower in the regular table, that meant Bari were eliminated from the play-offs.

Now La Repubblica is reporting that the club’s financial issues woes are only deepening, with €5m needed within 10 days to avoid bankruptcy.

Kreare Impresa, the majority shareholder, will therefore have to try to find the necessary liquidity, with a shareholders’ meeting planned.

If they fail, Bari will be declared bankrupt and a bankruptcy commissioner will be appointed to try and get back as much money for creditors as possible.

The Galletti boast a number of familiar names, including Franco Brienza, Libor Kozak and former Celtic midfielder Liam Henderson.