Parma docked two more points as financial woes continue

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Parma’s tumultuous season has taken another hit.

The club was docked two points in the Serie A standings as the players continue to go unpaid amidst their terrible financial situation.

It is the second time this season that Parma has had points taken away for failing to pay players, as the club is in debt of upwards of $200 million.

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Parma is already at the bottom of the table, and now has only nine points from 25 matches.

The club had two matches postponed earlier this month, and the situation has gotten so bad that they can’t even afford hot water in the player’s showers.

Parma players were ready to carpool to the match against Genoa because the team could not afford transportation, but the game was eventually called off.

The club returned to action with a draw against Atalanta, before falling to Sassuolo 4-1 earlier today.

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Other Serie A clubs loaned Parma $5.2 million last week to help complete their season, as the struggling club would receive 3-0 losses in every match should they declare bankruptcy.

Former club president Tommaso Ghirardi and director Pietro Leonardi also received four-months bans from the Italian Football Federation, as many blame their actions as the reason for the club’s current situation.

Ghirardi took over the club in 2007 and assumed about $17 million in debt. When he sold the club seven years later, that debt had increased tenfold.

With a bankruptcy hearing set for March 19th, more than Parma’s season is on the line. If the club should declare bankruptcy, they will be forced to disband and be reformed as a new club, starting in the lower ranks of the Italian leagues.