Serie A Side Parma ‘Dissolved’ and Relegated to Serie B

Italian giants go bust.

Italian side Parma have been dissolved by the Italian footballing federation due to ongoing financial problems and have been subsequently relegated to Serie B.

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The club’s players have not been paid for the majority of the current campaign according to the Daily Mirror and are believed to have run up debts of €197m (£145m).

Parma’s problems came to a head this weekend with the club unable to pay their stewards ahead of their clash with Udinese, which was then postponed, and their remaining fixtures will be considered 3-0 walkovers and the club then relegated to Serie B.

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