Parma’s sporting debt has been finalised at €17.6m, so a new buyer will need at least €22.6m to save the side.
Time is running out for the Ducali, as they must pay off the sporting debt – money owed to players, staff and outstanding taxes – by June 25 to register for the new Serie B season.
If a new buyer is not found who can pay off that sum by the deadline, Parma will have to begin all over again from Serie D.
Parma’s sporting debt has been finalised at €17.6m, so a new buyer will need at least €22.6m to save the side.
Time is running out for the Ducali, as they must pay off the sporting debt – money owed to players, staff and outstanding taxes – by June 25 to register for the new Serie B season.
If a new buyer is not found who can pay off that sum by the deadline, Parma will have to begin all over again from Serie D.
This evening the bankruptcy tribunal finalised the figures for the sporting debt, which stands at €17.6m plus €5m in outstanding pension contributions and taxes.
The debt is now €22.6m and that is the sum required by any new buyer, plus whatever it will cost to actually take over the club, which could be as little as €2m.
The sporting debt was significantly lowered thanks to players accepting a massive cut on their outstanding wages, many as much as 75 per cent.
There are two groups in private negotiations to buy Parma: baseball legend Mike Piazza and multiplex owner Giuseppe Corrado.