There are reports Parma President Tommaso Ghirardi has sold the club to a Russian-Cypriot conglomerate.

Sky Sport Italia and La Gazzetta dello Sport are among those claiming the deal has already been struck with lawyer and future Vice-President Fabio Giordano.

It’s believed the Russian and Cypriot investors work in the oil industry.

Within the next 10 days a new President will be chosen to lead the club.

Parma are in financial difficulty and will be docked points this season for missing a deadline to pay outstanding wages and taxes.

There are reports Parma President Tommaso Ghirardi has sold the club to a Russian-Cypriot conglomerate.

Sky Sport Italia and La Gazzetta dello Sport are among those claiming the deal has already been struck with lawyer and future Vice-President Fabio Giordano.

It’s believed the Russian and Cypriot investors work in the oil industry.

Within the next 10 days a new President will be chosen to lead the club.

Parma are in financial difficulty and will be docked points this season for missing a deadline to pay outstanding wages and taxes.

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