Baseball legend Mike Piazza pulled out of talks to buy the bankrupt club on Monday, a day after Giuseppe Corrado decided to withdraw his interest in the club.
Parma had sought an investor to clear €22.6m of debt but will now be demoted to Serie D.
“The administrators of Parma FC, Dr. Angelo Anedda and Dr. Alberto Guion, communicated that as of 14.00 today, June 22 2015, no offers have been received for the sporting rights of the club,” a statement confirmed.
“In the coming hours the administrators will meet with the creditor’s committee and the bankruptcy judge Dr Pietro Rogato to make the necessary arrangements for the bankruptcy proceedings.”
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Signs with a picture of Parma soccer team’s former president Tommaso Ghirardi…
