IT IS NOW OFFICIAL THAT PARMA FOOTBALL CLUB ARE BANKRUPT.

It is now made very clear that the Italian Parma are now bankrupt. But the club has failed to pay the players any money this season as their weekly salary. And to make matters worse for the club their chairman has been arrested for money laundering. But now what ever will happen to Parma? As they are already last in the table in this years SIERE A, they will now get relegated to SIERE B. But as they have no money and are in the hands of a administratar they very well have points deducted and slip to the third division in Italy. It is indeed a sad day for Parma as this club produced players like Gianlugi Buffon, Fabio Canavaro, Zianfranco Zola..