Parma automatically relegated after financial meltdown

Published 02/22/2015, 12:25 PM EST


Parma FC has been in financial meltdown in recent years and it has finally come to a head with the club being virtually ‘dissolved’ and consequently relegated from Serie A, each of their games for the rest of the season will be recorded as a 3-0 defeat and the future of the club remains uncertain. However, I have never understood why they call it 3-0, kind of rubs salt into the wound, doesn’t it?

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Despite finishing 6th in the last season, Parma were kicked out of Europe for failing to pay their taxes. At this point the club’s owner sold the club for a single Euro. The new owner then installed a 29 year old as Club President before changing his mind about the purchase and selling Parma once again for the same amount he’d paid, one Euro.

This Italian football club was a once a European giant and through the years has possessed players like Buffon, Veron, Asprilia, Thuram, Zola, Dino Baggio, Cannavaro and of course Hernan Crespo, who they sold for £35million back in 2000. It’s crazy to think that a club with such history could just disappear into obscurity.

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This is another dark day in Italian football and once again sheds light on the financial mismanagement of clubs that is happening the world over.

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Pranav Kuchimanchi

57 articles

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