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Football : News
9th January 2004

Parma to be sold? >>
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The future of 1995 and 1999 UEFA Cup winners Parma is to be decided today at a meeting arranged by administrators between the clubs shareholders.

Concern has been growing increasingly since the multi-million pound company Parmalat, which owns the team, went bankrupt last month but the club can still be sold as it was not one of Parmalat's strategic assets.

Despite the club losing over $100m last year and owing over $90m to Parmalat and other debters, the administration team brought in are still confident they can save the famous club, mainly due ot the fact they still have massive playing assets to sell, with at least 5 of their squad Italian Under 21 internationals.

 
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