Parma finished the 2013-14 financial year with losses of €13.69m.
The club completed its sale from President Tommaso Ghirardi’s company to a group of Russian and Cypriot oil investors.
The extent of their financial problems has become clear, as today the Board of Shareholders approved the books ending June 30 2014.
It amounted to losses of €13.695.035.
Parma were docked one point this month for failing to pay outstanding wages and taxes.
Parma finished the 2013-14 financial year with losses of €13.69m.
The club completed its sale from President Tommaso Ghirardi’s company to a group of Russian and Cypriot oil investors.
The extent of their financial problems has become clear, as today the Board of Shareholders approved the books ending June 30 2014.
It amounted to losses of €13.695.035.
Parma were docked one point this month for failing to pay outstanding wages and taxes.