IT IS A SAD DAY FOR THE PARMA FANS, RELEGATED TO THE FORTH TIER IN ITALY.

It is indeed a sad day for the Italian club Parma, they are now finely declared bankrupt, and they were under the hands of a administrator for quite a few months now. He had tried to get a buyer for the club , but one failed to come forward on that date set by him, and the other did not meet the standard needed to buy the club. Now as the club sadly could not be sold it has been demoted to the forth tier in Italy. Last year they came last in Italy so automatically they went to the second division. Their money matters made them go to the third , and as they can not find a buyer their now in the forth tier. A very sad day for Parma and football. But we must remember famous players played for Parma, Gianlughi Buffon was sold as a the worlds costliest goalkeeper from Parma. So did Fabio Canevaro the only defender ever to win the F.I.F.A footballer of the year, another player was the French footballer Lilian Thuram and Hernon Crespo as well. Mind Parma also won the U.E.F.A cup once.