Parma administrators set a Monday afternoon deadline for final offers to buy the troubled club.
Time is running out to stop the Ducali disappearing off the football map, as they must register for the Serie B season with a clean financial record by June 25 or be demoted to Serie D.
Today the administrators released a statement warning no offers would be accepted after Monday at 12.00 GMT (13.00 UK time).
There are currently two groups in private negotiations to buy the club, captained by baseball legend Mike Piazza and multiplex mogul Giuseppe Corrado.
Parma administrators set a Monday afternoon deadline for final offers to buy the troubled club.
Time is running out to stop the Ducali disappearing off the football map, as they must register for the Serie B season with a clean financial record by June 25 or be demoted to Serie D.
Today the administrators released a statement warning no offers would be accepted after Monday at 12.00 GMT (13.00 UK time).
There are currently two groups in private negotiations to buy the club, captained by baseball legend Mike Piazza and multiplex mogul Giuseppe Corrado.
After the deadline, the administrators, bankruptcy tribunal and creditors will make their final evaluations and “make a definitive decision on the future of Parma.”
The sporting debt – the money that must be paid off for Parma to register for the 2015-16 Serie B season – was finalised at €22.6m.
The new buyers must therefore prove they have these funds available now.