Serie C side Vicenza have been declared bankrupt by a tribunal this afternoon, bringing 115 years of history to an end.
The Lanerossis players havent been paid since September, and have taken strike action in recent weeks.
Today a tribunal formally declared the club bankrupt, so control of the club will pass to a bankruptcy trustee who will try to reclaim as much money as possible for creditors.
Vicenza will therefore be excluded from Serie B, and have until the start of next season for interested parties to form a new club.
Control of the name and history of the club will pass to the mayor of the city, who will have to find new owners to form a phoenix club, who can enter Serie D, the top amateur league.
An…
Read the full article at: https://www.football-italia.net/115779/vicenza-declared-bankrupt