A final auction to sell Parma has taken place, with the club needing a buyer to be able to compete in Serie B next season.
The Ducali were relegated from Serie A in the season just finished, having been declared bankrupt in March.
If the Emilian side can pay their sporting debt by the end of this month, they will be granted permission to play in Serie B next season, as is customary for sides relegated from the top flight.
A final auction to sell Parma has taken place, with the club needing a buyer to be able to compete in Serie B next season.
The Ducali were relegated from Serie A in the season just finished, having been declared bankrupt in March.
If the Emilian side can pay their sporting debt by the end of this month, they will be granted permission to play in Serie B next season, as is customary for sides relegated from the top flight.
However, if they are unable to do so, they will be forced to begin again from the amateur divisions. The auction ended at 12pm Italian time, but it is not yet clear if a buyer has been found.
Baseball legend Mike Piazza has told Football Italia he is interested in taking over the club, though 'nothing is guaranteed', while bids could also arrive from Paul Squires of the Adler Group and Massimo Zanetti, owner of coffee company Segafredo.