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Parma Deducted Points for Missing Payments

Serie A club Parma will be deducted between one and six points this season for failing to pay its taxes and two months worth of outstanding wages to players and staff that were due on Nov 15. The club later released a statement in which it explained that a buyer was in line to assume its debts, but the deal was delayed beyond the deadline at the last minute. “Parma FC therefore found itself in a very short space of time having to use every initiative to fulfill those debts,” the club said, adding that the missed deadline was a matter of a lack of liquidity rather than it being insolvent.

Read the whole story at Football Italia »

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