Saturday, 7 March 2015

Serie A votes to help Parma

The Italian club, Parma, who have seen numerous matches postponed due to insufficient funding have been sold twice already this season, with players and staff not being paid in months. 

The former UEFA Cup winners feared they may have had to pull out of the league due to their debts estimated at a value of 100 million euros, but after the vote the Italian Football Federation (FIGC) have agreed to give the club a loan of five million euros to cover their outgoings until May.

"The resolution was adopted confirming the willingness of the league to help Parma continue in the championship," said Serie A president Maurizio Beretta in a statement.

"If the club is passed over to a bankruptcy administrator on March 19, we shall intervene. We'll decide how exactly to intervene along with the administrator."

He added that Italian football federation president Carlo Tavecchio would travel to Parma to put the proposed plan to the players.

Sixteen out of the 20 clubs in Serie A voted in favour of Parma being granted the emergency funding to keep them playing until the end of May.

Cesena, sitting one place above Parma, were the only club in the league to vote against with three clubs abstaining from voting at all.


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