President Ermir Kodra reveals they sold Parma to Slovenian-Italian investors and “the financial situation was not what we were told.”
Kodra was only unveiled as the new President of Parma last week after the club was bought in December, but patron Rezart Taci surprisingly sold his majority shares to mystery new investors.
“We had a very brief window to pay the third parties and resolve all the various situations,” Kodra told Sky Sport Italia and Parma TV.
President Ermir Kodra reveals they sold Parma to Slovenian-Italian investors and “the financial situation was not what we were told.”
Kodra was only unveiled as the new President of Parma last week after the club was bought in December, but patron Rezart Taci surprisingly sold his majority shares to mystery new investors.
“We had a very brief window to pay the third parties and resolve all the various situations,” Kodra told Sky Sport Italia and Parma TV.
“We sold the shares to a group based in Slovenia with Italian and Slovenian investors.”
Many have wondered why Taci and his Albania group bought Parma only to sell it on again less than two months later.
“The financial situation we discovered was not what we were told beforehand. We had based our project on the figures we had been given.
“It wasn’t so much an issue of numbers as the time-frame. We weren’t told that the situation had to be resolved so urgently to save the club.
“We thought the best solution was to sell it on. We didn’t earn anything from this whole affair. In fact, it cost us money. At least we saved Parma money with our actions in the transfer window.
“I hope Parma’s new owners can help the club, because this side has a glorious tradition. I also wish the best to director Pietro Leonardi, who is a very important person for the club, as he loves Parma Calcio and the city.”
Parma could still be declared bankrupt, as they have until February 16 to pay seven months of outstanding wages or face legal action from the players.